Kieran Dowling
my first deal
I am a new investor and i am intrested in a property but thw owner is on medicaid and can’t receive income above 2000 a month or she will lose her medicaid. We talked about seller financing and she said she was very i...
Brendon Little
How to remain protected with multiple rental properties
I currently have 1 rental property in an LLC and I've always heard that you should only place 1 or maybe 2 properties per LLC. But what do you do or how do you structure it when you get 20 or more properties? That sou...
Kevin Yun
Considering a purchase. Question about structural warranty
There is a property I am considering to purchase, (built in late 1800s), and after visiting the property today, the 3-flat house was visibly a little wavy (caved in / settled) on one side. (Imagine a deck of cards, be...
Eric Williams
Real vs Personal Property - Cost Seg and Capitalization
Another thing I thought I would mention in regards to cost segs is they generally increase the amount of tangible personal property, which is really anything but real property and intangible property.The definition of...
Jessie Randolph
Attorney told me that series LLC's arent legal
So I met with an attorney so I could set up my llc right. I told him I wanted a series llc and he said it wasnt legal in ohio yet but was in the works. Wondering how others here in ohio have structure their LLC's in ...
William Mccurdy
Depreciation method preference
MARCS or straight line depreciation. So as I understand it if I use MARCS I will be on the hook for more in taxes when I sell the property vs straight line depreciation. Still with that in mind what is the preferred d...
Tyson Marinis
Multi-Business Structure Advise needed, Denver Colorado
Hey Everyone,Long time BP creeper, first time poster... I am a 28 yr old Landscape Designer and just recently bought my own investment home. I have always had a dream to build out a multi-disciplinary firm that operat...
Carlos Santiago
calculating land value for depreciation
hi -- i've got a rental property I purchased this year -- I know for depreciation I have to pull out the land value -- is there any set way of doing that? can I just estimate about 20% of the purchase price?
Batool Hussain
DSCR loans vs Conventional
I am closing on my first property using FHA, interested in buying a 2nd property.What other financing options can I use?DSCR? What are the pros and cons ?Any other financing options ?
David G Vreeland
Wraparound Sale Tax Consequences & Depreciation Recapture
Trying to structure the purchase of a property at favorable terms for the seller in order to negotiate a lower price.
Property: 2 unit for $300,000 (property is worth $350k)
Seller Initially Bought it for $100,000 y...