I'm currently living in a house that I want to convert to a rental.  I've been told by a couple accountants that I can have repairs done while I'm living here and still deduct them - that I can justify that these were...

Hey team, tax question: I know, moving forward for 2018, that HELOC interest is tax deductible IF, for example, the funds are used for improvements to a home. Does anyone know how the IRS would know/track that? For ex...

I have had Realtors just give me codes to investment properties which makes it nice and easy to tour the property with no pressure. For people I have already worked with I would like to be able to offer the same court...

If a tenant leaves the property damaged when they leave, do I need to have a professional estimate for the damage or can I just use reasonable repairs cost by myself?

Also how do you handle returning the s...

Hello,My name is Soo and I'm interested in starting flipping and/or buy and hold in ny/nj area. I have a quite stable full time job in nyc. I purchased one condo in 2014 for our primary residence in manhattan and one ...

LL Flooring, formerly known as Lumber Liquidators, is closing all 430 of its retail stores after failing to secure a buyer during its Chapter 11 bankruptcy process. The flooring retailer is the latest in a growing lis...

Hi all, and nice to meet everyone. I just recently went under contract on my first property. Its a 3 bed, 2 bath, main house with a den and attached guest house. Guest house is 1 bed and 1 bath. I will be living in th...

Hi BP! My wife and I are looking for some advice from the real estate community! My apologies if this is not the right place to ask (this is my first post). I'll start with our goal, which is to free up or access abou...

I am about 90% complete on renovating a 100 year old SFH and have learned several ways to be frugal which I will carry into the renovation of my second property. I thought the BP community would gain from my experienc...

Why would a licensed general contractor ask a home owner to pull their own permits?I'm curious why they are pushing this burden on the home owner, and if I pull my own permits what are my responsibilities and liabilit...