Kristen A Gleason
Townhome with Storage Shed
Hi BP Community - I'm getting ready to place a tenant in a townhome I purchased last year. The unit has a storage shed that faces the parking structure (The door to enter the shed is on the outside where the car woul...
Melissa Dorman
Interest Rates are Rising…Should I Stop Shopping??
In the last month, active home shoppers have experienced the first jump in interest rates that we have seen since May 2020, when rates were very unstable at the beginning of the pandemic. Since that time, the federal ...
LaCroix Rockwell
Purchased Washer/Dryer for Building - Can I claim this Deduction?
Hello, I purchased a washer/dryer and coinbox for my 3-unit property back in October. I was wondering if this is eligible as a business expense - or another type of qualifying deduction - so that I could finish up m...
Benjamin Zwiebel
What is a fair percentage of equity for finding the deals?
Hello all. I need a little insight. So, I am about to enter into a deal with a new partner for a percentage of equity in the properties in exchange for finding the deals. He has exhausted the on market deals for our a...
Jarrod Tucker
Flipping Note in Self Directed IRA
I am currently have a verbal agreement in place with on a note lead I picked up through my marketing. With this particular note, I would like to flip it to another investor; however I would like to know if I can do t...
Kyle Neville
My business is taking off. So many questions !
My friend and I are starting a rental business to help us save up to start flipping houses. While we were at work a doctor overheard us talking and he said he would invest in us so we can start flipping houses now. Qu...
Max Gupton
Airbnb Self Employment Taxes (how to avoid?)
Thinking about listing my in-home apartment on airbnb and learned that airbnb income can be considered "active", not "passive" in the eyes of the IRS and results in the owner having to pay SE taxes on top of income ta...
Dominic Mauro
Owner Wants to Sell a Property with Missing Tenant
First, apologies if this is answered elsewhere, I did a few searches but really only came up with threads regarding nonpaying tenants. Also wasn't sure if this was more of a Buy/Sell or Rental post. So here is the s...
Kate Johnson
Flipping in VA Beach, VA -- Goal for 2017
I've been lurking on BP and reading a lot. My husband and I ultimately want to be buy-and-hold investors when we relocate back home to Texas, but for now, the Navy has us in Virginia Beach, VA. Instead of waiting ar...
Bob Collett
Property management fees
if the manager charges a fee of 10% of the collected rents and a lease up commission equal to one month rent... in the first month that the property is rented for $1000... do you charge $1000 for that month, or $1100 ...