Zoe Long
Have not claimed depreciation for 6 years- how do I start?
How can I go from not claiming allowable depreciation on a rental
property to claiming allowable depreciation without creating an
unauthorized change to my accounting method.
I have owned the property since 2003.
I...
Nicholas Bronte
Bath remodel options
Hi BP,I have a duplex that I plan on using as a long-term rental. There is a single bathroom in each unit. In each bathroom there is what appears to be an older clawfoot tub that has been "built-in" with painted ply...
Jamon Cline
Rented to a friend...verbal contract, trying to evict
I apologize if this isn't the proper place to post this but I don't really know where else to turn.
My friend and I decided to invest in a house. I bought the house and he rents out the basement. The original verbal ...
Ken Williams
Detroit as Target City!
Anybody here doing deals in Detroit? What does everyone think of the opportunities there? Are there opportunities?
I would like to look at targeting this city and zoning in on some good properties. For those that inv...
Zak Blechman
Which FACTS are Most Important when investing in Multifamily
I’m taking the advice of those around me and starting with a Multifamily 4 unit in CT. Hey BP COMMUNITY,I want to begin my journey in CT because I know the area and I can use this investment to help my nearby family w...
Cindy Veit
BRRR method - put property in LLC or personal name?
It has been 10+ years since I have bought a rental property. We currently have 7 loans in our personal name. I was looking for a bank to do a cash-out refinance in our LLC. One banker asked, "why don't you put it in y...
Account Closed
Banks taking REOs back off the market???
http://www.msnbc.msn.com/id/39467220/ns/business-real_estate/
anyone hear about this?? i hadn't until today. i put an offer on a REO and the agent took it off the market shortly after. when i asked why, this articl...
Bill Schultz
Investing out of state
Is it feasible to believe you can buy properties in other states and sell them owner financed without even seeing them. I watched a webinar from larry goins today and he made it seem pretty simple. I know you can bu...
Steve LeBlanc
What happens when earnest money refund taking "too long"?
Okay you keyboard lawyer warriors...just looking for some thoughts on the following scenario regarding delayed refund of earnest money.Original contract language about earnest money is as follows (this is in Illinois)...
Eric Phillips
Missouri rental market
Hey all,I'm looking into the Kansas City area (Independence or other outlying areas) to invest in a rental property and I'm trying to gauge how hot the rental market is. Do rental homes have issues placing tenants qu...