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...
Handel Carter
Much needed analysis of possible first investment
Hello bp community. I'll get straight to the meat and potatoes.
Formed my holding company. For my first investment, I was hoping to quit claim, warranty deed or flat out buying a 3 unit property, from my mother, tha...
Amy Silverman
Be the Bank - Buying Cheap & Selling via Land Contract
Investment Info:
Single-family residence other investment in Flint.
Purchase price: $300
Cash invested: $1,620
Sale price: $22,000
This property is a *perfect* example of the system I am currentl...
Johnathan Simeroth
Taxes: Is STR "Material Participation" 100hrs/property? Or total?
Dear tax gurus, CPAs, etc,My understanding is that you can't count rental losses against your W2 income, unless you qualify as a real estate professional (which is very difficult if your W2 is unrelated to real estate...
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 ...
John Jacobs
Private Lending: Is this an issue with Dodd-Frank
I have been asked to make a loan with a 3 year balloon. The borrower who is in real estate characterizes the purchase as a "live in flip." Nevertheless he and his wife would be living in the home. I had a concern a...
Ellie Narie
Who is allowed to claim rental income?
If an unmarried couple wants to buy or build a fourplex, should both of them be on the deed? Who would be allowed to claim the rental income? Let's say one spouse works and earns money, and the other spouse doesn't wo...
Mike H.
Conventional refi cash out - 6 mos seasoning was completed
I just have to put this out there because I was taking quite a bit of flak from one of the members on here who said a conventional refi could not be done with only 6 mos seasoning.
Not only did another BP member just...
Account Closed
Don't ever say never?
I just answered a post called "How to prevent an eviction". And the poster was correct in what he said, but some landlords replied, "don't ever say never". My answer prompted me to get on a roll regarding this matte...