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Results (10000)
Jeremy Rhodes Underwhelmed with tax breaks of owning investment property
24 February 2020 | 61 replies

I am doing my taxes myself via turbo tax and I must say I am underwhelmed with the tax breaks I am getting for owning a rental. My wife and I have strong W2 earnings at about 250k combined and it doesn’t appear that a...

Justine Scheuher $1200 for a CPA a reasonable amount for W2 and small LLC?
26 March 2020 | 49 replies

I used a CPA for the first time and just got my bill $1200. I am a W2 and have LLC with 2 properties that I've kept good records for. My return was only for $1,200...

Victor Baronich Rental repairs wiping out profit
21 April 2022 | 36 replies

Hi, I have been into rentals now for about 4 years.  We currently have 12 rentals, all sfh's.  What I am finding is that essentially we make no money and probably lose money slightly overall.  I was very careful when ...

John Kim How do you keep buying rental property when you run out of down payment money
26 August 2015 | 47 replies

So my problem is that I have enough money for a down payment for 1 more rental property.Once that is gone, I have no more money for any more down payments.I work a full time w2 job so i can't spend the time to flip a ...

Philip Hernandez Lead based paint Seller knew and did not disclose
28 September 2023 | 41 replies

What's up BP community.  I just bought a property that literally 2 days after we closed on it the tenants informed us that the city had cited the owner for lead based paint, and that it had to be remediated.  The owne...

Jake Recz HELOC Closed! $94,000! It was quite an adventure!
16 August 2018 | 42 replies

Hello. This is probably not as much of a success story as I often see here but... To me, this is big. We bough the property at the end of 2015. All cash. $54k with closing costs. Owner occupied. We renovated it big ti...

Mike Nelson If RE Agent contacts me with buyer
2 October 2012 | 38 replies

I am working on my first Rehab and am looking to start putting the property on the market. What are some things I should be prepared for If a real estate agent contacts me with a buyer? I know what I need to get for...