Mike G.
Requesting help in understanding safe harbor applications
Hi BP,I recently incurred significant expenses for the exterior of one of my properties, and am requesting your assistance in understanding what I may be able to deduct in the current year. I would classify each of t...
Derek Daun
Drywood termite evidence: Tent or not?
I just closed on a property, and am deciding whether or not to tent for termites.Original inspections had turned up minor evidence of past drywood termites in two spots, but no live termites were seen. We got a $3300 ...
Zach Geddes
Potential Tax implications for buying house for parents
First thank you for your time.I live in CA and my parents are moving to MN where the rest of my family lives. Due to health issues my parents are now on disability and a fixed income and want to move for cheaper cost ...
Pavan Sandhu
More people than listed on the lease agreement
One of my rental units is occupied by 2 tenants. At first I was only aware of 1 tenant but later discovered another room mate. The tenant fessed up and apologized a few times. It was my fault I didn't do an inspection...
Kristina Inglis
How much does it cost to remove lead based paint?
Hi, I'm looking into purchasing a 3 bedroom townhome in Alexandria VA (1,142 sqf living area) which has lead based paint. It was built in 1974. Can anyone offer an approximation for how much it would cost to remove ...
Hayden Wright
Student housing multifamily
Hello BP community!I am running the numbers on a duplex right outside of a college town, and so far the deal seems too good to be true.I know that college students are tougher on the property and there is higher turno...
Account Closed
Refinancing out a private lender
I've got a potential deal in the works. I could be purchasing for $30k with $20k in rehab. I've got a private lender (family member) who is willing to lend me an interest only loan on the entire amount.
This will...
Deborah Palmer
bedbugs
We own a very nice duplex and live in one side ourselves. We have never had any problems with bedbugs before but recently our tenant of 6 month has complained of having bedbugs. He wants us to pay the extermination ...
Jay Robertson
Tax consequences - passive loss and sale of multiple properties
Hello, I became a small-time real estate investor/landlord (more by brute market force than by choice). I have been browsing this forum for many months and have learned so much. However, I cannot find the answer anywh...
Dwayne Rowe
Accessing equity from multiple properties
How do I access equity spread across multiple properties? I currently have about $600K in equity spread across seven properties. Is any bank offering a HELOC based on the combined equity?