Ken A.
Help! Drainfield Failing - Any ideas? Thanks
We have a drain field on 60 year old home that is "failing". Everyone's solution is "get a new one" - wow..genius. Anyway, any other ideas? House for 60 years didn't have a drain field problem. In advance, ANY ide...
Christopher Hu
First Rental Property listing questions
Hi everyone! I'm getting ready to list my first large property with 3 separate units (Main Unit, ADU, DADU) on a SFH. As Landlords I'm curious to get your take on the below:-Which utilities (Electric, Water/Sewer, Tra...
Nick B.
COVID-19 IRA withdrawal
Hello BP,I am considering withdrawing money from my IRA pursuant to CARES Act. According to the Act, one has to qualify to be eligible. Besides the obvious qualifiers such as being infected by the virus or losing a jo...
Doris Jin Huang
Screwed by contractor, advice appreciated
We hired a GC to renovate our two family house in Bronx, NY, which was supposed to be finished 6 months ago. Not only was the project dragged very long, many things have been done wrong and the GC is not honest to us....
Dennis Jones
Best strategy for financing / refinancing
Hello BP members,I am a newbie and need your advice on financing / refinancing strategies.Me and my partner have $300K cash to invest. We will invest for cash flow, buying properties that need rehab, rehab them(my par...
Harold Cherrix
Has anyone used Wealthability CPA Services
After this year's tax bill I need to do something different to reduce my tax liability. I reached out to the Tom Wheelwright CPA group "Wealthability" I spoke with the representative and he said all the right things, ...
Joey Allison
I bought a house at auction that has mold. What would you do?
Hey guys, I need some help. I bought a house at an auction. There was not access allowed to view the property prior to bidding. After I won the auction, I was walking around the house to get some more ideas on what to...
John E Graham
Why would anyone get into this game again with new tenant rules?
I am retiring and moving to Florida, I sold all my rentals up here in New York, with all the new rules that let tenants skip payments and bar you from evections. Why would I go buy a new property just to have a tenant...
Amanda Culleton
Allowing pets in your rentals
My husband and I have a new multi family house that we rehabbed and have ready for rent. We are up in the air if it will be a pet friendly or no pets allowed property. But I had a possible tenant ask about a dog (pit ...
Bryan Hancock
Deduction of Interest on Home Mortgage on the Chopping Block?
I have seen several articles claiming that the deductibility of interest for your primary residence is on the chopping block to close our budget gap.
Does anyone know what is happening with this? Who is pushing th...