Patrick Riley
First Short Term Rental: BRRRR A-Frame Lake House
14 February 2021 | 13 replies
I was concerned that the fiberboard i found behind the wood panelling could be asbestos containing material so I had it sampled.
Daniel Ryu
Mobile Home Park Due Diligence Tip #1
6 June 2020 | 6 replies
I've included here a screenshot of a sample documents library from a deal closed.
Tim B.
Landlord termination form month-to-month rental
13 February 2021 | 4 replies
The effective date will be the end of the month following the notice.Any recommendations, links to forms or templates, sample letters would be appreciated.Also if there are any best practices I'd be interested in hearing them.
Account Closed
Realistically; has anyone gone from ie. 16 to 32-64-100 unit's?
8 April 2019 | 17 replies
I'm wondering who has implemented a 'Grant Cardone' methodology throughout their REI journey and/or does or has it worked for you similar to his teaching's.Have you actually been able to buy, hold for 3-5 years and sell at a 150% increase in value from original purchase and then go on to a twice the unit's purchase for your next property?
Chris Armstrong
Really Trying to understand Depreciation and Recapture upon sale
5 September 2018 | 35 replies
I have actually been working on an Excel sheet that includes depreciation recapture and the effect on your profit on the property. i attached part of a screen shot, i am still working on it ( off and on) but what i have come to figure is that there is a time when it is best to sell the property, otherwise you do start losing money.( unless you keep it and have it passed to your heirs). the sample i have on there is a house bought for 110K / 90K loan, as you see the yellow highlight is on a cell that reaches a tipping point on when your income, taxes and depreciation recapture tax / closing costs, would start to "cost" money - you would not make as much upon sale of the property. and i broke it down to 27 years, didn't see a need to have that 1/2 yr in the model.I also have it to where if you add to the asset ( addition, etc) it will add to the basis and change the numbers, but like i said there are still things i want to work out more and add.this does not include cost segregation as @Jay Hinrichs,@Jeff Glass,@Eamonn McElroy,@Barry Ruby and @Yonah Weiss have mentioned this is just a straight depreciation on a residential property.
Dovid Staples
Opendoor & Offerpad; What's Their Angle?
13 October 2019 | 154 replies
The 5 sample Sales that I used were based on Wake County sales via ROD Books!
Brian Jolliffe
Final Walkthrough List For 63 Unit Complex
9 April 2019 | 6 replies
Here is what I am planning to do:-All property exteriors and grounds-All building basements and crawl spaces-All mechanical rooms-All vacant units-All laundry rooms to verify all equipment is functioning-Sampling of 8 occupied units of varying conditionAm I missing anything?
Brie Schmidt
HELOC payoff strategy
25 January 2019 | 329 replies
We've modeled out exactly what you're asking dozens of times on this thread: https://www.biggerpockets.com/forums/61/topics/269...Any savings due to the difference in calculation methodology between a HELOC and a mortgage, are at best a few hundred dollars over the life of the loan.
Ben Rutkevitz
Paradigm Life, Infinite Banking, Whole Life Insurance
10 January 2023 | 134 replies
.- The sample illustrations they work with using your information should accentuate the cash value instead of the death benefit.I bought my first "infinite banking" policy in 12/2009 and this year will mark 6 years of using my policy to finance things in my life.