
16 May 2024 | 25 replies
It depends ;)We discussed it for each client that would have bonus depreciation, and generally it fell into a few different camps:1) We always extend anyways, so we don't care if we wait2) We normally file on time, and the amount of bonus depreciation difference is relatively immaterial, so let's not waste time and fees to extend and have to provide estimates to members - typically this was with less than a few hundred thousand of bonus3) We have too many investors, we aren't going to delay them, we'll file with the 80%4) The bonus depreciation is material enough to us that it is worth it to us to wait.
15 May 2024 | 8 replies
Is there anyone that would be willing to look at this property and tell me if it is worth the price and also to give me a rough estimate on what to expect the costs to be?

14 May 2024 | 1 reply
It is heated (No AC) and has a small parking area for approximately 6 cars.

15 May 2024 | 9 replies
I'm looking to sink some money into the kitchens and bathrooms to upgrade and wanted to see if anyone can recommend a reliable crew of contractors you've worked with who can meet me that weekend to go over the scope of the project for an estimate.

15 May 2024 | 7 replies
Generally speaking, ensure your ARV estimates are conservative to avoid over-leveraging, screen tenants thoroughly, and having a buffer for unexpected repairs or vacancies is essential.

14 May 2024 | 6 replies
Often in smaller deals one needs to be able to determine approximate costs, likely issues, and determine and approximate value quickly while larger projects can be taken more slowly.There is an element of creativity as well.

16 May 2024 | 20 replies
Then, you'll have a better educated estimate of what model/template you prefer.

15 May 2024 | 6 replies
Hi Tax masters,I have a question about the county mortgage tax when purchasing a property.I'm quoting a mortgage from 3 lenders for a small multi-family in Bushwick/Ridgewood area (Brooklyn NY), and one of them estimated the county mortgage tax in their quote when the other 2 didn't.If anyone has some knowledges to share with this, I would appreciate it.

15 May 2024 | 8 replies
The biggerpockets rental calculator is great, but sometimes the rent estimates are way off.

14 May 2024 | 2 replies
Owed is around $550k, $275k 1st, $271k 2nd, BPO is $295k, both lenders came back with appraisals of $360k (the 1st) and $350k (the second) using nonsense repair estimates when she was in BK recently.