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3 September 2024 | 10 replies
So I ended up investing in Detroit proper and built a 12-door rental portfolio.
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30 August 2024 | 6 replies
Hello BP STR experts, If I buy land first for constructing/manufacturing home, can I then claim bonus depreciation for such a constructed/manufactured home and use that calculated depreciation amount to offset my W2?
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4 September 2024 | 8 replies
My first housekeeper was defensive when I gave her guest feedback and I later found out was not cleaning properly and using other people's linens in my house.
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1 September 2024 | 8 replies
This would probably help since the next one I build I could immediately put for sale and do a short term rental while it sells.I have many years of construction experience and have also done a fix and flip, in addition to building ground up construction, as well as 10 years of entrepreneurial experience running a paddle board rental company... i have a BS in Physics from Georgia Tech , a PhD in Theoretical Chemistry from UT Austin, and did Postdoctoral research using Computational Engineering where I designed, manufactured, and tested a shock mitigating metamaterial...
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6 September 2024 | 24 replies
@Wiley Strahan Propertyware is what we use, so they should be able to supply customized reports - if they are properly incentivized:)
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3 September 2024 | 1 reply
But I don’t know if that’s a good idea because I don’t want tenants messing with a house I plan to eventually live in.Sorry if I didn’t use proper terminology but I’m only on my second book….
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3 September 2024 | 0 replies
For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.
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2 September 2024 | 9 replies
In general (not legal advice), in most states you **should** be okay to purchase notes without a license (if the loan was properly originated).
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2 September 2024 | 18 replies
Set up properly and maintained correctly, they should not allow for liability to pass through to yourself or your other entities, as long as funds are not commingled, seperate accounts are maintained, proper legal forms are filed, and loans are not personally guaranteed or cross collaterized.
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1 September 2024 | 8 replies
For illustration purposes the cheaper Delta fixtures most investors purchase at Home Depot or Lowes aren't sold at plumbing supply stores because Delta licenses these less expensive options exclusively to the big box stores (same is true for other manufacturers as well).