Hello all,  last time I met with my accountant, she mentioned if I buy a truck (currently own a small car) that I could write it off as a real estate expense as that is what I will be using it for often.  Is this accu...

Good Morning BP!I'm about to begin a project in Ormond Beach, FL, and the house will not pass muster for a normal homeowners policy at the moment.  I'm told by an insurance agent that I need a "Builders Risk" policy t...

I refinanced my owner-occupied multifamily rental property last year and now I'm struggling on exactly how to report the closing costs. I have tried researching previous posts and other sources, but I haven't found an...

I bought a home 4-5 months back that in which I currently live. The home is fine, but I've found some water damage in the garage wall (where an ice dam backed up) and would like to replace the drywall and ensure there...

Yesterday I was signing my closing papers for a refi on my primary and my mortgage broker mentioned that Fannie Mae has just changed their rules about 2 years minimum to count rental income.  He said they are now coun...

Hi there,

My husband and I are first-time landlords due to a property inheritance. The home we inherited does not currently have a mortgage on it.

We are looking at refinancing our primary residence, and I'm thinki...

So much required for security deposits, it is a bit of headache for something that doesn't generate revenue.Depending on State you might need to deal with:Separate bank accountInterest PayableReturn on timeSend all in...

Curious as to others opinions on contract for deeds vs notes. I invest in both and hear are some of my thoughts:CFD’sPositives - when occupied tend to have higher reinstatement percentagesPayments typically cheaper th...

Hi BPers,@Joshua Smith and I both recently bought properties and had to pay off tenants with cash for keys agreements. To me, it seems like one could argue that this is a property expense and could be deducted as an e...

This is sort of a 2 part question.  I have some ideas for solutions but I hope some more experienced landlords can tell me if I'm on the right track or not.First, a tenant who just moved out of my property has left th...