Lance Lvovsky
Tax extender bill passed - refund opportunities may exist
Congress, US Treasury, and the IRS have been involved in a flurry of activity at year end. Congress passed the Taxpayer Certainty and Disaster Tax Relief Act which is effectively a tax extender bill, and then also pas...
DeWayne Mann
what would you do?
to good to be true? out of state investment. lender owned. high crime area neighborhood, but holds good income to low income households and going through revitalization through 2020. low income renters at the mo...
Jonathan Taylor
Opportunity Zones, how will they benefit investors?
Hello BP folks,I am starting the rehab on my first property but am looking ahead on my next one and have been hearing a lot about opportunity zones. I cannot find much pertinent info about them. Im specifically in the...
Leonard Fisher
Flipping newbie question about deed restriction...
Does the one-year-wait restriction (upon completion of renovation work) apply to homes paid for by cash and NOT financed, or are some deed restrictions applicable to homes sold to potential flippers irregardless of th...
Sam Issa
Stuck with city permit
Looking for advice. Last year, I bought a 3/2 SFR in Tampa, FL to fix and flip from a wholesaler. The house was in mid-rehab and was red-taped by the city for work without a permit. I checked with the city and they sa...
Gabriel Valladares
Second Home Tax Deductions Help!
Hi Everyone!I have a unique situation and looking for advice. Long story short, I am Active-Duty military, got divorced and my ex-spouse was granted 25% of my future retirement. As of this year I worked a deal with he...
Account Closed
Commercial Vacancy - Best Methods to Market the Property?
I'm working with a gentleman who owns a SFR investment rental I may be purchasing in the near future. He also owns a 5,000sf commercial space that is vacant in an area where there are other vacant commercial spaces a...
Susan Gillespie
What's the discount for bad service?
We had a big hail storm last year. As a result, I have an insurance claim for a new roof and siding on my home.
My contractor has been nothing but trouble. For example, the crew tore off siding before new mat...
Jack Anderson
Questions on depreciation and showing material participation
I know these are fairly common topics and I've done a lot a research on them but there are some points to my specific situation that I'd appreciate insight into.Background:In Early 2021 my wife and I bought a property...
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...