Timothy Lewman
Abandoned property on flip house
Someone left a boat and trailer on a flip house. What do you do with it, it must have some value? Do I own it b/c I bought the property? Can I sell it? 🚤
Richard Tyler
why is the County asking me these questions after COE?
I just bought a commercial property in California. The County is now asking me the questions listed below. What would happen if I tell the County that there are significant deferred maintenance on the property? Tha...
John Leavelle
Recourse verses Non-Recourse Loans in Creative Financing
Hello BP community,Not sure if this is the right forum.While looking for all my creative finance options I came across the terms Recourse Loans and Non-Recourse Loans.My understanding is Recourse requires collateral (...
Viviana Martinez
Full renovation and second story addition in Westview before & after!
Investment Info:
Single-family residence fix & flip investment in Devils Elbow.
Purchase price: $155,000
Cash invested: $220,000
Purchased this property in Westview and completely transformed it....
Marie C. SaintVil
Should I Create a Trust or LLC?
I'm thinking about creating a trust to place investment properties in. Besides, my personal property, I currently own 1 investment property and working on acquiring a duplex before November. I'm considering creating a...
Scheherazarde Roddie
In TN: Can I register a STR under my LLC ?
Hi Everyone, I'm looking to use my personal property to Airbib, 1 bd/ ba. What should I check to confirm if I can legally register the Airbnb under my LLC for rental properties as a different series? Thanks!
Kerry Hennessy
Vacation rental & FHA loan
So, can I buy a home with an FHA loan, work on it for a couple of years while living in it, then move out and rent it as a short term vacation rental? Is this unethical?I would want to move back into the home and reti...
Account Closed
A good idea to sell your own property as an agent in California?
Hey BP,
So, I'm planning on selling my live and flip within the next year (assuming no major market correction).
I've completed the necessary course work to become a real estate agent in California, but haven't tak...
Julio Gonzalez
Bonus Depreciation vs Reclassification
Cost segregation is a popular tax deferral strategy and there is often confusion as to the difference between bonus depreciation and reclassification.
Bonus Depreciation
Bonus depreciation is a tax incentive that ...
Mike Rubin
What's covered under a landlord insurance policy?
Sorry if these sound like newbie questions…
1) Under normal circumstances, what does a landlord policy cover?
2) Is a landlord policy necessary?
3) Which coverages aren't normally offered that a landlord should prob...