Neil Da Silva
5% or 20% Downpayment? Which must I do?
Hey guys,Question: I want to buy a duplex in Ontario. I'm thinking of purchasing it in my personal name and live there so I can put down only 5%. I really don't want to have to live there thought, I rather just rent b...
Daniel Hoffmann
PMI Tax Expense / Deduction on Rental Property
I believe PMI is no longer tax deductible in schedule A, but is it still a tax reducing business expense for rental properties?I found this article on the IRS website but this cannot be true.https://www.irs.gov/faqs/s...
Ryan J Wenrich
Assisted Living Project - Determining Rent
I am considering purchasing a building to convert to an assisted living community. The community would be run by a more experience operator. I would simply hold the building as the landlord. Purchase price is about...
Spencer Wetmore
Upfront PMI Deduction
Hi Everybody - I purchased a 4 family home in 2016 using an FHA loan and paid 1.75% up front PMI at closing. Does anybody know if and how I can deduct this amount? All I can find online is this is normally amortized o...
Pandu Chimata
2nd home loan by FHA
I own a house and its currently on conventional load and it's on my sole. My wife is not part of the loan.I am planning to buy a 2nd and vacation home (80 miles away) from the primary residence.I would like to use the...
Greg Huson
Using Agents for your rental
We do most of our own marketing - but are now making plans to rent our primary residence. The neighborhood has become a mix of rent-controlled, older market rate units, then premium, and super-premium rentals. We'd ...
Tyler Bowes
Auction - Buyer premiums and how they work?
I am looking at a home as a primary residence, and it is listed for auction. Reserve is undisclosed and buyer premium is set at 10%. I've never participated in an auction before, so was hoping for some guidance. Here ...
Drew Wiard
Would you purchase buy-and-holds (Duplex) in a flood plane?
Hey BP nation.....I need your input!In response to y most recent Yellow Letter campaign, I had a owner call me looking to sell a duplex that is in GREAT condition and cashflows VERY well. We have not yet decided on p...
Steve S.
Do you keep high or low deductibles on your rentals?
I've gone back and forth on this and am trying to decide which makes more sense. Seems if something broke under $1,000, I may not want to claim it and i may benefit from pushing my deductible up for the things like r...
Jeremy H.
deduct insurance for partial year rental
I am running into a problem finding this number.Let's say my property converted from personal to rental in June. I cancelled the regular home owner insurance around June, to purchased a new policy that is rental insu...