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Hi,This is kind of an embarrassing post, but I need to know how to take care of this and I thought this community would be best.I have a low credit score because I had a medical bill that I didn't know about until we ...
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Going to rent out our current house this spring. It has a history of getting water in the basement but after some new landscaping and gutters this summer we got very little water even with heavy rains. It is an unfi...
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I was just wondering if it is possible to make an offer contingent on finding an investor ("partner") for a property. Say I have an off market seller and I propose to buy the house at x dollars only if I can find a pa...
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OK, tax pros, please answer these scenarios for a buy-and-hold investor that materially participates in their rental activities:
1) You draw down on your personal residence HELOC to finance a rental property. You d...
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Is it better to claim everything you can as far as write offs or pick and choose? I've had people tell me both. I'm a new 4plex investor and I'm pretty clueless on doing taxes for real estate business. I want to buy m...
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Hired a contractor to some improvements to rec room in basement for 2500. Gave him deposit of 1000 to start. He kept asking for weekly payments even though we agreed to pay balance when project finished. We had som...
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***Please move post to the correct section, if this is in the wrong one. I apologize, in advance.***Hello,I know there have been other posts about when to post a property for rent, but none address the possible tax ad...
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Hi everyone,
I am in CT and looking for a two or three family in West Hartford Hartford area and having a hard time finding anything. There are tons of 3 families in West Hartford but none are for sale. Any advice on...
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Looking for info from BPrs that bought apartment building using owner financing 20%Looking for the proper way to write offer asking owners to finance the 20% needed to buy apartment building.Offer 1.3m, would like own...
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Hey BP I have been thinking a lot about the issue of depreciation on rental properties and what happens when you sell one after a long time without use of a 1031. I guess I have been thinking about a property that is ...