Mason Myers
How Much Should I Pay for a CPA / Do I Even Need One?
7 February 2024 | 14 replies
With the Duplex now, my understanding is I file as though the rental half is a separate property and cut all expenses in half as a write off to my rental income (property tax, insurance, maintenance, improvements, etc...nothing was done specifically to either unit it was full home external work like garage and railing repairs, painting) as well as depreciating the half of the duplex that is a rental after calculating basis.It all seems very straightforward to me but I know I'd be naive not to have a second set of eyes with a professional given my lack of experience.
Helen Brennick
I'm new to the BRRR method and am anxious to try it out.
7 February 2024 | 8 replies
Most prospective BRRRR properties will not qualify for conventional financing, meaning that you have to take it down with cash, hard money, line of credit, or another source of money that is not a conventional loan.
Jacob Allen
Accountant Recommendation for the Upstate - Greenville, SC
7 February 2024 | 13 replies
I got a house and have been house-hacking with Air BnB, now is the time that I'm looking for doing the taxes with my W-2 and the Air BnB income, does anyone have any recommendations on an accountant in the upstate South Carolina area that is familiar with doing taxes for real estate investments (ideally specifically short term rental).
Demetrius Stinson
Trying to build capital for my first project
6 February 2024 | 2 replies
What source of funds will the lender allow?
Luke Carl
Veteran AirBnB/VRBO Host - First time experience with Booking.com
6 February 2024 | 15 replies
I'm sure this is market specific and you may have different results but instead of it being a complete waste of my morning I thought I'd share this info with the forum in order to hopefully save someone else's time.
Will Pickering
What Info You Are Looking For As An Investor
6 February 2024 | 9 replies
I realized quickly, that was not helpful to me or the prospective buyers/investors I was marketing too.So as an investor...what are the top one to two items your looking for or info your are seeking when you are looking at potentially contracting on a property sourced by a wholesaler?
Mason Bell
Closing Date: TBD?
7 February 2024 | 1 reply
@Mason Bell I would be more specific to avoid the possibility that the agreement could be avoided or declared unenforceable due to vagueness.
Isaiah Cuellar
Best places for cash flow?
7 February 2024 | 18 replies
Of course I will hire a property manager Cleveland, Ohio is a great market to focus on for cash flow and specific pockets have gone up 2x and upwards of 4x in the last 5-10 years even!
Pat Quinn
Anyone invest with Nighthawk Equity?
9 February 2024 | 49 replies
Michael Blank and Nighthawk follow the student army approach for deal sourcing.
Tyson Scheutze
Always Opportunity in Augusta
7 February 2024 | 3 replies
The homes were in the areas I wanted to be in Richmond County more specifically: Olde Towne and Harrisburg.