Daniel Barbosa
First rental property - what improvements can i write off?
Hello BP,I just bought my first investment property and am learning a lot of tips and tricks because of you all, so thank you very much!What are the best improvements i can make to a rental property that i can write o...
Jessica Kelly
New Investor in Northern Virginia. Buy & hold. Qualified, help?
Hi everyone!We own a single family house in Northern Virginia. We rent out our basement (legally) and after saving up cash, we've opened an LLC, gotten prequalified (we can put up to 20 or 25% down on a house up to $5...
Christina Galdieri
Seeking Advice: Combining Business Needs with a New Property Idea
Good morning! I had a thought this morning that I’d love some input on. I live in Florida but own a business in Pennsylvania. While I have managers handling the daily operations, I still oversee everything remotely. I...
Lauren Seeley
Drainage easement advice
Hi all - I was about to close on a single family home on a canal and days before closing I found out from the surveyor that there is a 12’ drainage easement on the land. It runs under the driveway, under the house (st...
Larry Turowski
What rules for investors have you broken (and maybe routinely break) and how has it worked out for you?
I have broken so many rules, some out of ignorance, many not.For instance, I have paid contractors an up-front payment before work is done. And I've been taken. But I also have a very reliable contractor that requir...
Scott Ball
Depreciation for buy and hold
I need a bit of clarification on depreciation since where I live overseas they calculate it completely differently.
My understanding so far is that you can start depreciating your property once it is rented and you ...
Andrew Maynard
FHA Issue: Sole Owner Used QCD to ADD a Joint Owner ~30 days ago
HELP! I'm under contract to buy a multi-family where the current owner (8 years) used a quitclaim deed to ADD a joint owner 30 days ago. We're fully negotiated and ready to sign the purchase and sale TODAY, but the c...
Paul Durocher
100 Year Flood Plain - Building Unoccupied Structure
We purchased (January '21) a newly constructed home located in 78721 that is in the FEMA 500 year floodplain, but based on Atlas 19 is now structured as a 100 Year Flood Plain.We are looking at designing the backyard ...
Account Closed
Rookie Investor Q - House hacking finance being self-employed
Currently I am house hacking(living in a ADU above a garage and renting SFH). My Mortgage and Utility payments are covered with the tenants rent. My plan/goal in 2021 is to buy another househack. However, I want to be...
Billy W.
Smart Move? Look at this deal offer
Hey everyone,
I am currently looking at another property in a very 'happening' part of where I am from. The area is a favorite of young professionals, very easy to rent, and on the same street as 5 very popular bars...