I've been told that the IRS requires you to depreciate a residential rental even if it is in an IRA but you do not get to take the deduction. And, I'm told that you recapture the depreciation at 25% when you sell the ...

Hi BP!  How common is it in today’s market for a seller to carry a 2nd mortgage when selling his apartment building? Is the market too hot for today’s apartment building buyers to reasonably ask a seller to hold.a sec...

If I've turned over a note to a note buyer, who is responsible for the taxes? What if I had the note for 3 months, then the note buyer bought the last 21 months? How does this work?

Dear all,What's the definitive answer - and preferably pointer to authoritative resource - regarding deductability of interest on HELOC with the passage of new Tax Law? I do realize that HELOC interest deduction now o...

Could I pick anyone’s brains on here that is experienced in purchasing tax liens in New Jersey? - Where do I start?Thank you,Martin

reopen this case.  Here is the background information. Jurisdiction:   This is in State of Virginia, and under the jurisdiction of Richmond General District Court. Background Information: A perfectly fine tenant, who ...

Where do I need to start when trying to obtain a hard money loan? Do I look for lenders first then look for property I want to invest in or vise versa 

Hey BP, I need help. Looking to try and get a home using existing financing.I understand how to sell it to the seller by letting them know that it could help their credit because I will be making full payments on time...

As the economy continues to be sluggish, I am getting more requests from tenants to make their payment in 2 monthly installments. How do you other landlord account for this schedule?? I can think of a couple of w...

Good day all!I found a property where the couple that held the mortgage are deceased. They had about 5 kids and one of the sons currently occupies the property and is extremely willing to work on my behalf with the lo...