Kaylyn T.
Buy out co-owner and avoid capital gains
Hi BP community,I want to buy my co-owner out of a property. Does anyone know if it's possible to pay all cash to take their name off of the deed, thereby avoiding closing costs, refinancing, capital gains, etc? It's...
Elliott Back
taxes with house hacking
I have a situation that I am curious about. If i have a duplex and it has a mortgage of 1000/month and I am able to rent out one side for 1000/month and I live in the other side, would i pay taxes on that 1000? If i r...
Aaron Moayed
Out-of-State Investing - Umbrella Policy = No Foreign CA FTB Fee?
Hi there,New here and to the RE investment world.My question:If I buy a property in a different state (say Indiana)/use an Umbrella insurance policy instead of Indiana LLC, and I reside in CA, can I forgo the Foreign ...
Guka Kagu
Can you demolish the deck after signing a lease.
New lease starts next month. I was thinking of upgrading the wooden deck, but the estimate came out to be so much so I am thinking of demolishing the deck. Can I do that? I didn't promise anything to tenants. They jus...
Brendon K.
Is this typical for a "hold harmless"?
So I'm in Texas and am overhauling a house's siding, roofing, and windows all at once. Initial thoughts when I read this are:
What's the worst that can happen under this? Well, "your" (their) unqualified minimum wage...
Albert D.
Do you assign leases to lender?
When financing a 8-unit apt, bank asked owner to assign leases as additional security on top of the property itself. Is it normal in apt financing or negotiable? Meaning, property alone should be sufficient collate...
Ivan Burley
A little advise and a few tips
I've been workin on a multi-family deal for a couple of weeks now. The owner and I each have an agents and we have been going back and forth with offers and counters. Recently we've come to an agree ment which I sig...
Rob Black
HOA Lein on Foreclosure
First post at BP, I recently purchased a foreclosure at auction in Washington state. I'm trying to access water to clean up the property but the HOA refuses to turn on the water. They say I owe $1500 in delinquent H...
Jason Carter
Tenant Wants A Dog
We have a new tenant for approximately 4 months and they recently asked if they could have a dog. Things have been good so far, but I'm wondering what's the best way to say no without damaging the relationship?
Thank...
Tj Stirling
Just finished a flip and got a call back
Just finished a flip and settled a week ago . Last night a strong windy storm came through and the buyers had some water damage on the ceiling and water on the floor of dinning room additionally some in the basement ....