Anthony Dooley
Being Patient is so Hard
After such a long, slow economic recovery the good news is that unemployment is the lowest in my lifetime, home prices have recovered and even skyrocketed depending on where you live. Wages are increasing, along with ...
Brittany Harrington
Flippin' KC is so cool.
I love everything about real estate and I have some pretty hefty goals for flipping and buy and hold investing for this year and I would be happy to chat. I am looking for like-minded wholesalers, lenders, or investor...
Dee Grant
Asbestos removal financing is So Cal
Hello! I’m looking for a company who can clean up asbestos in my 2/2 condo in Culver City, CA - received a quote that it would be in the area of $20k and I’m hoping to find a co that will either provide financing or ...
Jacob Powell
Help, New guy is so lost.
First, thank you for taking the time to review my post.I've spent hours reading forms, books, and going to seminars. I'm looking to get a couple honest straight answer.I've been into real estate since I was 22 from a ...
Tom Hall
why closing cost is so high?
Soon closing on a property property cost $458k and the closing cost is really high we are doing FHA mortgage they are charging 2% of the loan plus application fee and mortgage insurance on closing for the amount of $7...
Kristin Kiddy
Flip Wars Is So Off Base
Been watching Flip Wars and boy o' boy is the fake shining through. The auction scenes just can't be real. First, where is everybody else? Here in Volusia County all the auctions are done on-line. I can't believe ...
Frank S.
Depreciation Method Error - SL vs 200DB in 2017 Sch. E.
Hi there, While finalizing my 2018 taxes, I found an error on my 2017 Schedule E, Depreciation calcs.In 2016, my accountant used the straight line depreciation method for "Appliances". The following year, I used the ...
Mark Hu
Why REITs have high P/E ratio?
I am looking at two REITs in SO CA, and I've noticed their price/earnings ratio is rather high. One is BRE, the ratio is 42.94, and the other is essex, their ratio is 69.33. I understand that a more typical ratio woul...
Joel Trout
Must itemize to claim rental losses on schedule E?
Hello BP community. I have 2 rental properties. One shows profit, and the other shows a loss. My accountant says that I can't deduct the losses because the "standard deduction" is higher than my losses. So there is n...
Janet Valdivia
Can I deduct wire fee when paying off loan on rental property?
I know if I refinance a loan on a rental property, the costs associated with the loan are amortized over the life of the loan. If I pay a loan off completely, can I deduct the wire fee? What about other fees charged...