Sunny Burns
I rejected applicant, he said he would pay $150 extra/month
First time landlord here. We just started advertising our rental 3 weeks ago. $1675/month for a 3 bedroom in Garfield NJ. We've gotten a lot of interest, 30 different groups of visitors, of those 8 applicants...We wan...
Jake Recz
HELOC Closed! $94,000! It was quite an adventure!
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...
Lokesh W.
Loan Modification before Lease Option? Need Help with RE Strategy
I have a home owner who wants my help in selling her home by doing a lease option. The home is in good condition but has negative equity. They have not missed any payments. I am trying to do a cooperative lease option...
Steven Hamilton II
$500 safe harbor increased to $2,500 for taxpayers
Good news everyone, the $500 de minimis safe harbor limit was increased to $2,500 for taxpayers who place property in service, that are NOT required to produce an audited financial statement(applicable finance stateme...
Samuel Lacroix
Do you grant first come priority for applicants?
I have a unit for rent and two days ago I showed It to a young man who will probably meet my minimal standards (screening process is in process). I also got a visit yesterday, an older man who is looking for an apartm...
Jeffrey M.
Qualifications for Loan Mod for Homeowner in Default?
Hello beautiful people of BP! So I work for a company that purchases preforeclosures and specializes in short sales. I want to build genuine rapport with the sellers I get into contact with and I understand that a loa...
Travis L.
Pay down rental housing debt or keep cash for another deal
Hello BP gang,I have a question for experienced investors on what to do in this situation. I currently have about 30K cash to invest in my next rental property. I bought my first SFH rental in feb of this year 2020 ...
Eric Lee
Passive loss carryover, should it be minimized?
Hello,
We are learning more of the in's and out's of depreciation, trying to decide how to handle depreciation on some properties.
Basically:
* Our AGI is past the point where we can deduct any passive loss carryo...
Anton Bachuk
Holding a flip long enough for avoid higher taxes in PA?
I am looking to get my feet wet in real estate and found a property that is in need of renovations in western PA. One thing I'm trying to figure out is just how quickly can I flip it. From what I understand any profit...
Femi Ibrahim
Flip going south: Here is my story. I need advice on what to do
I need advice on what to do on my current flip
I bought a single-family house (SFH) in the Dallas Fort Worth (DFW) area from New Western Acquisitions in June of 2019, and my experience has been bad and horrible. I’m ...