Kenneth Hynes
Tax implications of new roof claim / settlement
BP Community I am researching how to handle my situation on my taxes. Background last year had some hail damage to one of my rental properties. PM looked at, called in estimator and said needed to repair / replace...
Julia Parton
MHP Lot Lease
Just closed on our first MHP 2 weeks ago. 17 lots with 11 rented currently. Comprised of 6 mobile homes, (1 owned) 5 RV'S, and 1 House. I'm looking to update the lot leases and I'm having a hard time finding anythin...
Laura Nelson
Newbie Here! Looking to invest in Multi Family Units
Hi All! i just signed on hoping to gather as much investment information as possible. I will be giving notice to tenants this month on a condo I own, in So Cal, that is paid off. Looking to up my real estate game and ...
Carol Lam
Foreclosure property - distribution of proceeds
Hi,I found a foreclosure property that I am interested in. Bank is foreclosing on the 1st loan. If I won the bid, does it mean I won't be responsible for 2nd loans? How about if there is an abstract judgment on the...
Sibley Simon
Developer fees on mid-sized residential project
BP folks,I am working to put together the following project and would sincerely appreciate any guidance on developer compensation. The project is the new construction of a 100-130 unit residential apartment building ...
Curt Smith
TAXES: where to deduct yellow letter costs, monthly service expenses on personal 1040?
Hi Everyone,
I don't file a business tax return for our LLC because it's a tax non-entity (pass through). If I did this would not be a question. As it is our rental business is falling onto our personal ...
Nicole Smith
Commission and DTI ratios
My husband makes a small amount of commission from his job. It gets paid out quarterly (March, June, Sept and December). Our LO asked for his YTD commission which is $0 because he won't get paid out until late March. ...
Joohyong Han
Looking for a condo in New Jersey nearby NYC
Hello, I read the books, and watched some videos about real estate investing. Now, finally, I want to start the move. I'm looking for a condo in Union City, West New York, North Bergen, Palisades Park, Ridgefield, For...
Damon Cluck
Analyze a Storage Unit Deal
I have located a set of storage units that are for sale near our local Air Force Base. Its an older property, Mom and Pop shop. 192 units, ranging from 8X10 to 30X30. Rents range from $20 per month to $60 per month....
Mohan Deep
Bought properties under personal name now moving to LLC
Hey BP community - I bought some rental properties under our personal name and now as part of the estate planning process, I am reading/hearing that I should move these properties to an LLC and move that LLC into the ...