All Forum Posts by: Nick Troutman

@Dennis McNeely I'm in TN. Thanks for your help. 

Do I need any sort of license or anything to manage my own properties? What if I was to hire someone to help me? Any tips on how to screen the tenants? What are the biggest pitfalls I should look out for? 

The BP platform used to have the ability to check airdna for what a property could bring in for Airbnb. Have they moved this page or gotten rid of it completely?

 I have not been, as I have joined up with a much larger Meetup up for the Cookeville TN area. Hit up Dusty Wilson here on BP for an invite to the next meetings. We’d love to have you! 

I am a local real estate investor and wanted to create a Meetup for our area. This meetup is starting off virtual though we will schedule in-person events as well throughtout the year. Please join our community if you'd like to get together and talk, learn and discuss real estate, market changes and new strategies.

@Cameron Goedde  I ended up looking some up, though didn't end up closing on a property in Chatt, and therefore I can't say I have any personal experience with any there.

I have done a couple BRRRR projects which have worked out tremendously, though I have a question on my taxes and depreciation. I bought the properties for well under value, rehabbed them and have refinanced them, though my tax professional claims I have to do depreciation from our purchase price and not our appraisal price (which is now way higher). Is this the case, or could my tax professional be mistaken?

Thanks for the help BP community. 

I have done a couple BRRRR projects which have worked out tremendously, though I have a question on my taxes and depreciation. I bought the properties for well under value, rehabbed them and have refinanced them, though my tax professional claims I have to do depreciation from our purchase price and not our appraisal price (which is now way higher). Is this the case, or could my tax professional be mistaken?

Thanks for the help BP community. 

I know that AJ Osborne is the guys in that space, and he has an ‘inner circle’ community. I’d start there.

@Michael Plante that is correct. That was the foreclosure listing.