Karl Wertz
Un-permitted bathroom addition
Hi, So I am currently working on my 2nd flip. The first was just updates and paint. The current is 4bed 1bath, which I have decided would be better as a 3bed 2bath. I have had the 2nd floor two bedrooms and hallway co...
Kevin Lefeuvre
Lease Agreement when Renting to a corporation vs. individual
Do we have the same restrictions when leasing a single family house to a corporation as to individuals?Most tenant protecting regulations are irrelevant for corporations especially when in a rent control region/contex...
Sylvia B.
What happens when buy & hold becomes a flip?
We purchased a house last week that we intend to rehab and then rent. However, if someone wants to buy it before we get it rented, we are not averse to making a quick chunk of cash. So what are the tax consequences...
Fernando Domingo
Money spent on repairs for a 1031 exchange
Hi BP,I have searched a bunch of different places and none of the articles that I have read and seen don't mention this so I thought that I would through it out to the community.Here is my situation:- I have a rental ...
Zach Wain
New Loan Level Price Adjustments - how does it impact you?
The Federal Housing Finance Agency, FHFA, the governing body that controls the conventional loan world. Think of them as the parent of Fannie Mae and Freddie Mac. They have set multiple new pricing grids for all con...
Chan K.
Section 8 Inspection Failures
Hello Everyone,I have a section 8 questions for the veteran. Apparently, the housing authority in my market (the MA / Massachusetts area) changed the section 8 inspector which based in TN somewhere. The new company se...
Patrick Irish
$5k For Cap Gains/Tax/Opinion Quote - that reasonable?
I’ve been quoted $5k to have a cpa tax attorney (firm) crunch wife and my numbers to determine possible cap gains on sale of rental. They’ll determine best route in how to essentially to pay the least amount in capita...
Todd Peoples
Determining best use based on lot size
I have a lot I am evaluating in an emerging part of town near several multi-family and townhome developments. The lot size is 12,250 sq ft with 5 ft minimum front and back setbacks. Price is $40/sq ft which seems exp...
Jeff Filali
Why do people advertise ficticious, inflated ARV figures?
I get contacted almost daily by wholesalers with their next great deal, and it seems like 80% of them just make up ARV's. It seems like they just take whatever amount they want for the property, and add in some guess...
Roman Stefaniw
Arms length Mortgages/Private Lending
Hello everyone. I'm interested in lending money out using a self directed RRSP or TFSA account (I'm Canadian). They are called Arms length mortgages in Canada. I was wondering if anyone has done this before and can of...