Jeanie H.
Need your advice: should I loan money?
Hello, I am a new investor and I want to use some of the equity on my home to do investing. I have two people coming to me with offers and I'd like to get your opinion.First, a little background. My brother and I ow...
Brandon Turner
Have you done a 1031 Exchange? Let's talk!
Hey BP Nation! I'm writing the world's best post on 1031 Exchanges. Maybe I'll put it in my next book. But here's the problem: I need you. You see, I need some good stories to go with the post. So, if you've done a 10...
Brian Nel
What due diligence in determining cost basis for depreciation
In reviewing my taxes for the upcoming year, I've been looking more closely at my Schedule E and reading more about depreciation and cost basis. I know that your cost basis needs to be accurate, a number the IRS agree...
Christopher Lombardi
Self Storage Opportunity
I have the opportunity to but a self storage development site for next to nothing, but I know nothing about this type of business. Anyone here built one before? This one is climate controlled, 60k sqft with 500 uni...
Mike Whitaker
Tax deductions for losses within my LLC
Hello everyone, been lurking for a while now. Now I have a question, hopefully in the future I'll be able to add to this forum.
I formed an LLC last January, bought a house to fix and flip in July (could my timing ha...
Travis A.
Title: Sell or Rent? Advice Needed on Historic Home in Northern Virginia
Hello all,
I’m looking for some advice on a real estate decision. My wife and I own a beautiful historic home in a small, charming town in Northern Virginia. The house has been featured in magazines and garden tour...
Gilbert Lugo
How to deal with property encroachment?
Hi there everyone, I recently purchased a property and it came with some property encroachment from the neighbor. Wondering how some of y’all have dealt with this situation and best way to approach the neighbor about ...
Greg Hoffmann
Require Tenants Make a Relocation Expenses Claim?
Hi FolksI have a duplex in CA and the lease requires the tenants carry a renter's policy. Recently there were some maintenance issues that required they vacate the premises and stay in a hotel. I've agreed in principl...
Jacob Beg
Will this invalidate an insurance claim?
Hi All- I purchased a property from a Trustee foreclosure sale. The risk of loss (fire, accident etc) passes on to the purchaser from the purchase date. It took me a few days to get in touch with the occupant who was ...
Scott Michael
Question about where/when to pay earnest money
I have a question about how earnest money works. I've asked where to send the earnest money when I sign a purchase and sale contract with a seller. It's been answered that the money should go to a title or escrow comp...