Alex Smith
Electrical Fire @ Duplex--Do I need a Public Adjuster?
Hi BP!Today my duplex caught on fire. Thankfully, only one of my tenants was there and she was able to get out safely and call the fire department. So thankful this didn't happen in the middle of the night. It could h...
Gary B.
Fire in a kitchen in one of the unit need advise
One of my tenant in Sacramento had fire in the kitchen. He says previous owner gave him extension cord that started fire. Dont believe him.
He put down the fire and called fire department 5 (approx) later. Kitchen an...
Joel Moody
The Broker from Hell
Hello,I am a first time home owner who is trying to sell my home. I signed a six month agreement with a RE broker who is now suing me for breach of contract. The gist of it is, my house has been on the market for 5 mo...
Marian Smith
Does my Schedule E look like yours? Ma and Pop landlords
Due to a discussion about filing form 3115, which is evidently required but may not be expected to be complied with, I thought I'd ask if my Schedule E looked normal. (No red flags) First, can anyone link to an art...
Sean Walton
Rental Property Insurance on Medium Term Rentals
Hi All, I am currently renting out my condo for 30 days to 4 months using airbnb. I can't do shorter than 30 days because of local laws. Air bnb has insurance included but I still need a homeowner policy for piece ...
Yue Tian
AirBnb Expense Writeoff
Hello, I started my first AirBnb late 2023 and it was rented out for less than 14 days. Based on the 14-day rule, I don't need to file any profit from my short term rental. However, my main expenses (furnishing the pr...
Jason S.
Short Sale With Leaseback & Option
I get this question, as do many of you I am certain, if I will complete the short sale and do a leaseback/option to the seller.
Of course, I always say, "that's not something we can do". But once again I am doubting...
Gregory McKinley
Tax Deed Investing Inquiry
Hello BP, I am new to the investing world. My focus will be mainly on tax liens and tax deeds. I would like to supplement my FT corporate income with this method of real estate investing. I am in the learning phase cu...
Nathan Maier
Valuing Land vs Improvements for Depreciation
I purchased a property in California last year for $1,770,000. My supplemental taxes list the "land" value as $1,300,000 (73.5%) and the "improvements" as $470,000 (26.5%). Very round numbers, like the assessor didn't...
Kevin King
How to Qualify for higher loan amount as a business owner?
Hey guys,So I own my own business, and last year I purchased my first home and investment property (a duplex). It was a little tricky getting a loan as I own my own business and I pay myself periodically, about $100k/...