Darrell Morris
Gas Leak in Fireplace
Hello BP,My tenant attempted to turn on the gas to the fireplace and apparently gas was leaking. After having a plumber go out to check for a gas leak there was apparently one in the fireplace. Thank God the house did...
Philip Johnson
Flipping but won't be done until next calendar year, tax advise?
Hi,My first post!I have a house that I am doing a full-time live-in flip on. I am complete rehabbing the front unit, and then adding on/converting garage into 2 bedroom house.Problem is, I won't be done until next ye...
Philip C.
Am I a "Business" or "Investor" for Tax Purposes?
Hello,According to NOLO's Tax Deduction Guide, the waters are somewhat murky when determining whether a rental property owner is a "business" or "investor." I own one out-of-state single family residence that has ten...
Matthew Varga
Newbie to Bigger Pockets from Toronto, Canada
Hey Everyone,
I am pretty new to bigger pockets and saw this forum for new introductions.
My wife Nikole and I live in Toronto, Canada and have been investing in real estate for about 3.5 years now, currently we h...
Aaron W.
TAR - Repairing cosmetics
My contract is a TAR and there is the following clause(2) Landlord will NOT pay to repair the following items unless caused by Landlord's negligence:(e) items that are cosmetic in nature with no impact on the function...
Manuel E Urrego
Heating fuel costs in Alaska
Greenhorn here, and I am still trying to decide on whether to stay in the local Fairbanks/North Pole Market or broaden to OOS markets in warmer climates. The real sticking point that I cannot factor is how half the re...
Joseph Barbaretta
Early tax question -- Do I deduct my expenses if...
So, I'm in the middle of flipping a house. Its taking longer to get it on market than I'd like. It probably won't close until after the new year. So, if all my expenses happen this year and I sell the house next ye...
Eric Duke
Opportunity Zones, 270 Federal Actions to increase opportunity
President Trump held a cabinet meeting in the White House today where Dr. Ben Carson spoke on Opportunity Zones. Would someone expound further on federal actions? He mentioned grant preference points, loan qualificati...
Jordan Lagrassa
Color scheme
how many of you use the same colors and same products in every house you flip? What color scheme do you use ?
Kyle Gautreau
Passing Operating Expenses To Tenants?
Hi All, My question is in regards to operating costs (heat, snow removal, and landscaping) for multi-family buildings in New England, and if/how owners are passing these costs off to tenants. Back story: My area is ...