I bid on what turned out to be a a 2nd mortgage in Ohio. The house is worth around $300k. I paid 258K at auction. Looking through the court records I can see that the 2nd mortgage was awarded ~100k. There are around ~...

So say you've been depreciating a property for 10 years.   Year 11 rolls around and you completely replace the roof.  Does that just increase the remaining depreciable balance (basis) for 17.5 years?  Or do you deprec...

I was reading some forums and it got me thinking as I am creating my own lease.  I've used several local PM companies leases to "learn" from.  What have people added to leases after learning from the school of hard kn...

Whats the easiest way to learn the short sale process

Ive been trying to confirm the tax consequence of selling my rental unit and am so far astounded at the negative tax implications ive found.  I purchased this unit in 2001 for $400k and converted it to a rental in 200...

Hi there,

I've read all about what types of offers to make to banks for REOs, but I have questions on the most basic aspects of the offers:

1. HOW do you make an offer specifically? Do you call the listing agent an...

I am considering purchasing a small handgun for protection when going to look at properties in unfamiliar areas. Is this something I can write off at tax time as a business expense?

So I placed an offer on a SFR, the listing agent told me through my agent that "The seller has received a second offer on this home and is requesting a 'highest and best' offer from the buyers by 5:00pm tomorrow" . Ho...

I am still somewhat new to the MF world..I’ve been presented an opportunity to purchase a built in 2000 well established 28 unit complex with 100% occupancy, waiting list, the whole 9 yards... however there is a small...

Hello BP,First deal Single Family through a turnkey rental company. The property is in a A- neighborhood. Let me know your thoughts. I struggle with putting this into perspective with other deals. Price: 85,000 (comps...