Tim J
How to determine building value for depreciation
I'm in a bit of a quandary at the moment. I purchased a property in pretty bad shape for about $1 million last year and spent about $500,000 on what ended up being a MAJOR rehab project. The city assessed the value ...
Simon Obas
Some questions about brrrr
Can I hire an appraiser to let me know how much the home will be valued after the repairs are done, before I actually by the house? Can this be a part of my due diligence?In order for me to do a brrrr, does the proper...
John Vietmeyer
Minimizing capital gains on sale of Partnership
Hi, I’m looking for strategies to minimize capital gains on sale of partnership interest. The partnership has been a long term entity holding land. I understand 1031 is not an option. Spreading the sale over multi...
Chris DiMaio
How to transition from mobile home rental to lot rent?
Hi BP Team,
I have a 1 acre lot with a 2b 2b mobile home on it that I currently rent in NC. The mobile home is personal property not real property. I have decided that I would like to sell (owner finance) the mobile ...
Stephen Lynch
Bought in 2021, rehab in 2022. Tax handling?
Hello,I purchased a duplex in November of 2021, we've made some small repairs but it was mostly about getting the tenants out so we could start the rehab (scheduled for January). For 2021, I know it would be pretty ea...
Naomi Yamasaki
Record of Survey - important ?
I understand it is important to obtain record of survey when you purchase properties. But how important ? The land I am considering has never recorded. This made me wonder whether it’s worth to hire surveyor.
Nate Mur
Rent land for camping
Hi everyone,Were playing with the idea of renting out some camping areas on a wooded piece of land. There would be room for about 10 tent sites that would allow use without seeing anyone else. These would be very prim...
Monserrat Zitle
Cape Coral good for small multi - family
Hi BP family! Im new to RE investing and have been looking to possibly start in Cape Coral Florida. I want to house hack a small multi family place to start but Im not sure if that is something that is a good market i...
Michael D.
Allegheny County Assessment Appeal
I own a 9-unit building in Millvale, PA and just got a notice that the school district is appealing the assessed value in order to extract additional tax revenue from me for 2013.
Can any of you provide any advice on...
Vlad Kolbas
How to value a new self-storage facility
Looking for some direction in how to value a brand new 120 unit self-storage facility that is currently 30% occupied (over last 5 months). Feasibility study has been done and there is need for more storage in the are...