Mitchell Jah
First Investment Property
As a first time investor what are the pros and cons of investing as a passive equity partner? Off the top of my head, I can see not having no controlling factor could be a problem. What else if someone can shed some l...
Sylvia Castellanos
Price of delinquent properties in Mississippi
I am wondering if anyone has ever bought properties off Mississippi's delinquent property list. Unlike other state, it does not provide an amount that is the minimum offer. Instead you have to express in writing you...
Jill F.
The police just called... my 25 year old tenant died (overdosed)
I can't imagine calling his poor parents... he was found by a friend that told police he was staying with tenant (without my knowledge). The police/coroner had taken his body out before they called me.I feel just terr...
Gurjot Grewal
About to close on my first deal. Just had a sewer scope done. Is this a concern ?
77 feet, cast iron and clay pipe. Home is built in 1952 on a slab. Findings are "Typical Root Intrusion", "Openings or inconsistencies noted in sewer line, signs of settling" recommendations are regular inspection and...
Masood Amin
Interest Free Loans
Hello BP,
I am a muslim trying to get started with my investment career. However, as part of my religion it is forbidden to pay or recieve interest. However there is an alternative way which is charging the profit on...
Alik Levin
Car cost 100% write off as 179 expnse
Dear all,I am readding NOLO's article referenced at the end about how new Tax Law changes 179 expensing.Do I read it correctly that I can write off a car cost (new or used) 100% using 179 expensing?My scenario:- Me an...
Sean McNealley
Emotional Support animals
Hi there, first post on BP but figured this would be a good place to get some advice. I have had a tenant for roughly a year now, and we do not allow pets (unless they were there when we purchased the property) she ha...
Bryan Hancock
Taxation For Insurance Claims Kept Instead Of Used To Repair Property
So...if one receives a large insurance claim and decides to pocket it initially to pay off a mortgage and later does the property repairs what are the tax consequences? Using the dollars to pay off the mortgage initi...
Chris Igard
Tenant broke lease how do list it on there rental history
I posted this earlier but I think it was confusing. I’d like to know if I can report this broken lease on their rental history. Secondly if they leave the place trashed can I file it on their credit report. thanks...
Lacey A.
Renting to Military
Hello,We own a rental near a large military base. We are civilians. We would love someone to school us on the pros/cons of renting to military. We have had one military tenant who was great and we were sad to see them...