Stevenson Alexis
Refinance rate 10.5%?
Hello, I am currently looking at doing a cash out refi on a rental property that I inherited. I recently renovated the property and put about 15k into remodeling bathrooms, floors, paint, etc. This property has no ...
Bryan H.
Eat the $100k tax on $400k sale?
I have a 1br condo in prime Dupont Circle neighborhood of Washington DC, - owned it for 27 years - could list it for $425k. Fully depreciated so $100k tax bill due at sale. It was long overdue for full renovation, ...
Anca R.
Is a 1031 Exchange allowed in this case, and if so, is it worth the hassle?
Posting for my elderly parents.
Background: my parents bought their house in 2001 for $355K. In 2016 they moved to a one story home due to aging and ended up renting their initial home. Every year the rental has be...
Joshua Tobin
Property Stuck in Limbo for 9+ years?
Backstory:A little less than a year ago I purchased one of two dilapidated houses on a lovely quiet street in upstate NY. The houses are literally next door to each other which is somewhat of an odd coincidence, but I...
Chris Moore
No compensation for damages, hosts be warned! Anti air bnb
Excuse the rant:This is the second time air bnb had screwed me on damages. First time my place was trashed by some festival goers (puke and urin on beds, beer everywhere) and my maid cleaned up and disposed of the tra...
Eric Dubrule
studio apartment with multiple tenants
I have a situation where a current tenant wants his girlfriend to move in with him. He called me and said that half her stuff was moved and if it was ok for her to move in. I'm uncomfortable with this as I feel a s...
Chavis Atkins
Help with steps needed to wholesale home before Sheriff Sale
Hi BP, Forgive long post but I feel all is necessary info. I found a home driving for dollars (how I go about finding home to wholesale) in which I'm able to reach out to the owner. Home is a 4 bed 1.5 bath 2 story ho...
Logan Turner
What to do when no Comps?
So I'm currently living in a boom and bust town. There have been minimal sales in the past 90 days. Not enough to get any comps.
How would you all go about evaluating the value of a property, when prices 12 months a...
Robert N.
How to cash out and refinance - not finding it easy
Hello BP,I have listened and read many stories on BP of how people buy a property, fix it up, cash out and use the cash to buy the next - like a BRRR. However, I am having trouble which is frustrating. My income tax r...
Brad Davis
Should Landlord Pay? Moving out tenants due to water leak.
I have a friend from my church who has suffered both financially and in her marriage relationship because they had to move from their apartment to a new apartment IN THE SAME COMPLEX. Their old apartment had reoccurri...