Shea Spinelli
Deduct or Capitalize - Placed in Service Exception
Hey BP Members, quick question. We purchased 12 units in July 2017. In November 2017 we added an additional unit. Wouldn't we qualify for the exception @Brandon Hall discussed as Myth #5 in his article '7 Common Myth...
Joel Rhodes
Beginner MHP investor looking for exceptional study materials
I'm trying to learn everything I can before buying my first MHP. I'm reading everything I can get my hands on including books by Jamie Smith, Lonnie Scruggs, etc. For those of you who have traveled this path before...
Michael Jay
Hud owner occupant insight and requirements or exceptions
18 months ago I purchased a house from hud, as owner occupant, with cash from previous sale of my residence. I’m now looking to move and interested in a new property listed with hud as it is in my preferred area. Am ...
Deisy P.
Tenant Prospects and want me to make exceptions
I listed my unit for rent. I repeatedly mentioned a 600 credit score. The prospect emails me back to tell me about their hardships. They mention family, health, they can pay upfront but how can I let them down? The cr...
Devon Derks
Like this deal except for two huge trees
Take a look at these photos. The trees make the house look very dark. They are also pretty close to the house and sidewalks. The trees are both in the power lines. Do you think I should try to remove these if I go for...
Richard Davis
Double Dipping with Fannie Mae Delaying Financing Exception?
Can I buy a property (Property 1) with cash, refinance it the next day through the Fannie Mae delayed finance exception, turn around on day three and buy another property (Property 2) with the cash I get out through t...
Milly Roblero
Section 8 exception to the rule, common misconception
I couldn't help but post after reading a Section 8 post to your sight. I can't stress to potential landlords interested in Section 8, to please not judge the book by it's cover. I have twenty, not an exaggeration, I h...
Brendan L.
Tax question: first time homebuyer exception for IRA
Ok, so here is the order of events:Before the end of last tax year, made a 5.5k after-tax contribution to an IRA. Did not file for the deduction on that money. Withdrew the 5.5k from the IRA to help with closing on fi...
William Abanyie
Los Angeles Rent Controlled Units Rent increase Exceptions.
Passing on some information for all Los Angeles Property owners subject to Rent Increate. Here is a document I found that details acceptable reasons for rent increase. Including your tenant adding another resident t...
Brit Foshee
Capital gains exclusion for two year homestead exceptions
I have thoroughly investigated the IRS website and still have a few questions I was wondering if someone could help me out with.
It appears that I qualify for some exceptions but after researching it's still unclea...