Mary Arents
Introduction & Real Estate Licensing Question
Hello BP Community!I live in Chicago and have had an interest in real estate for many years.Four years ago, my spouse and I purchased a three-flat in the Lincoln Square neighborhood, moved in, rented the other two uni...
Jason Watson
Material Participation and REPs
What are the general tests for material participation? This question comes up all the time. As tax professionals, we want to get the word out for those considering a real estate professional designation.
Ok. Here we ...
Jane Dang
New fence replacement on rental property is deductible or depreciation
Hi,My rental property is a single-family home. I had to replace the fences after a strong storm last year, which costed $4200 in materials and labor. Is it possible for me to declare it as a repair and deduct the expe...
Art Maydan
Closing Cost Questions
I’m looking at my closing disclosure and the underwriting fee is $995 while fees going to the title company are $3,008 and it’s under “Services Borrower Did Shop For”. I was told by the seller which title company we’r...
Sue Bishop
Security Instrument Type?
Hi,With regards to the title topic.I am looking at buying a SFR Note in Memphis TN.And I don't know whether the Security Instrument Type is a Land Contract or Deed of Contract or other?Would someone plz advise on how ...
William Johnson
Cold Calling Followup Strategies
Simple question, after using a simple introduction and finding out what their bottom line price is, what do you recommend saying when doing daily followups up on NODs, FSBOs, Rentals, etc.?I am thinking something alon...
Aaron T.
Real Estate License in Tampa
I am looking at getting my real estate license, but had a couple questions. I have listened to the podcasts, read some other posts, but still was a little unsure how this worked when you are an investor and working fu...
Jared G.
I know absolutely nothing about renovations. What should I know?
I have no problem admitting that I don't know squat about renovating or rehabbing a house. I had always thought those kinds of topics were for more "advanced" investors or actual hobbyists rather than beginners. Howev...
Zerrick Currie
Newbie out of Northeast Indiana/Fort Wayne
GREETINGS BP Community!
Wow I want to first start by saying this website is AWESOME. I learn so much every day! a little about myself, I am 22, and my family has called me crazy for my dream of becoming a Wholesaler,...
N/A N/A
Cost Segregation???
Hello, I recently bought a small store just outside of LA, and my accountant was telling me if I wanted to save some money on my income taxes for next tax season, I should consider a Cost Segregation Study. He told me...