Tiffani T.
Home offer & concessions in high demanding market
Hi BP folks!I am making an offer on a townhome that is fairly well priced in today’s hot, high-demanding market. There are many offers but besides elevating the sales price as a concession, I was given the option to ...
Cynthia Miller
Foundation leaning basement wall...repair cost?
Just bought a house and discovered in has a leaning basement wall.Basement was flooded had it drained. Plumber said main water line in basement broke somewhere, dirt in line couldnt get snake past certain point. He t...
Rich Solano
1031 Exchange Question -
Hypothetical 1031 Exchange question here for one entity with multiple members: If you have an LLC with three people in it holding a rental and all partners decide / agree / vote to sell... Would I be able to take my p...
Patrick McMaster
STR CPA or Tax Preparer
Purchased a short-term rental in Maryland in June, but live in Delaware, work in PA. Looking for a CPA or tax preparer that is well versed in the STR loophole and cost segregation. Having a very hard time finding anyo...
Eamonn McElroy
SALT Limitation - Taxable Refunds
Hello BP Nation,Today the Treasury issued authoritative guidance via Revenue Ruling 2019-11 on the taxability of state and local tax refunds from which a deduction may have been limited due to the $10,000 state and lo...
Lei L.
Is this done by termites?
I opened a wall of an old house and found some wood in terrible shape. There is no sign before ripping off the drywalls. I was told by a contractor there that it's termite. Never dealt with this thing.
Is this done b...
Ian Anderson
Dealing with Termites in Chicago
Anyone have advice on dealing with Termite issues? My team is looking at a SFR fix and flip that has already been gutted. Our contractor discovered the issue, we requested a quote from an exterminator but he said the ...
David Calme
Bed Bugs In Apartment Unit
We have about 22 units in a Apartment Complex and there are hallways on common areas! One of the units found out have bed bugs, called an exterminator and their doing a Heat treatment! Now i am afraid that other unit...
Vijay Chadalavada
Termites in a investment home?
Hi, I'm planning to purchase a duplex home and it is also my first home purchase. The reason I choose duplex is that I live in California and Single Family Homes are in high demand and often expensive. With a duplex, ...
Kristin Boekhoff
Practical Questions for Small Multifamily
I am about to purchase my first small multifamily (5-unit) property and plan on initially managing it myself. I have some practical questions:1) How often do you clean the common areas?2) How often do you do pest cont...