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I stumbled upon what I believe is a niche in my local market and I want some thoughts and feedback.
Two years ago I had to move pretty quick for a year and I left my house and all my furnishings behind. I put...
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I've bought quite a few properties at the sheriffs sale but have never had to deal with one with the dreaded IRS involvement. I have a title guy I work with who will be letting me know if there is an IRS lien on the p...
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https://reason.com/2020/03/25/...
The state of New York has a bill to CANCEL rent for 90 days for workers affected by the virus! This isn't deferring rent payment; it is waiving it.
Those landlords who have mortgage...
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Hey everyone, Im creating a pro forma for the first time and want to make sure im creating this correctly. How do I calculate interest income, what are a few tenant charges (income), and expense reimbursements. What a...
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Hello BP Family,
I have 2 rental properties in the Bay Area and looking for recommendations on rental property insurance. Has anyone had a good experience with a company they actually had to file a claim for reimburs...
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Why are reverse mortgages so difficult. What’s the lenders motivation ?
Tom
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I am buying all the materials for a flip. Do I need to get receipts from the contractors or will my cancelled checks be good enough for the IRS? Thanks in advance.
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I’m new to flipping in the Austin market and I found a great deal on a property and wanted to partner with a seasoned local flipper on my first one to learn the ropes. They also wanted me to fund all the cash to close...
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Hi BP - my partner and I have a LLC set up. Our attorney and CPA said that we will have to file for taxes as a partnership but I have been reading up that taxes are pass through? We are a 50-50 partnership with the op...
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Are there no doc lenders that will do long term cashout financing on rental property with No seasoning requirement? (or at-least Reimburse the cost of purchase & rehab)