Alex Stepanov
How do I report interest and P&L from notes on 1120?
Hello Everyone,Could anyone please help me understand how mortgage notes are accounted and reported for the purpose of business tax return (form 1120) ? While searching the Net, I found a few different approaches - fr...
Francois Acosta
Rumors About Bakersfield
Recently, I met a man who owns multiple properties and some in the Bakersfield area. He mentioned that the Bakersfield area is sinking? Is that true? Property is pretty “cheap” compared to other areas. Like to hear fr...
Timothy W.
Well, I'm now on the opposite side of a claim.
This is fun. I had a break in at my house while out of town and I am now on the receiving side of an insurance claim. I previously mentioned I had a DP3 policy. I was wrong. I have a DP1 and specifically paid to h...
Adam Karpman
Southern Maine Tiny House STR
Hi All,
I'm thinking about purchasing some land in Maine and placing tiny houses on it for STR. Anyone have any experience?I'm thinking Southern Maine between York and Boothbay. Some on the limitations/challenges I...
Jose Trujillo
Is Owner Financing a Good Option ???
Hello BP !!!I just came across a deal and I am thought abut seller financing but this is something I have never done before and I am a bit confused about. This is the situation, this a condo that was bough back in 199...
Mike Dinh
Investing in rentals in Philadelphia
Hi, I'm a new investor in Philadelphia. I had a couple fix and flips and looking to start holding. My goal is to buy multi family in the more affordable area such as frankford, west philly, strawberry mansion, etc. An...
Nancy B.
De Minimus Safe Harbor HVAC Question
Single family rental property was bought a few years ago for $42,000.In 2018, furnace and air conditioner were replaced at the same time. They were listed as separate line items.The air conditioner was about $2700. Th...
Account Closed
Zoning issues Bellingham, WA
I am in the process of selling a duplex I purchased in '06. During a recent appraisal they mentioned that they couldn't find if it could be replaced if destroyed; turns out the zoning was changed in '08 and the city d...
Cindy Chan
Tenants installing a pool?
Do I have to put it in the lease that the tenant can't install a pool if I'm the one paying the water bills? The least has already been signed and they move in next week. I don't have anything in the lease mentioning ...
Trevor J Dammon
How does building age affect underwriting?
I'm looking to begin my investing journey with an owner occupied duplex. I'm looking in the Minneapolis area. My plan is eventually to move out and keep the duplex as a REI. One thing I have noticed is that most of t...