Hello everyone, I need some help with my taxes. I own an owner-occupied duplex in Philadelphia, and each unit is equally 800 square feet. I want to make sure I'm doing everything right before I submit my taxes.
Here...
Hi All,Excited to be here as a new investor and first post. After speaking with a very reputable agent he's suggesting new construction in Madison, AL with the builder offering a rate buy down. My questions are:1. Is ...
Hey BP friends,In the next week, we are closing on our first little rental house. Its a 2/1, 1024 sq ft. Clearly it was a flip because we had to negotiate some really big repairs to make the deal work. Anyhoo, all ...
Looking into purchasing a SF 3b/1b property with-in 5 miles of my home to set up as an income property. Question, Do I hire a property manager to handle the rental? I have many years of HVAC and Construction backgroun...
Hey BP'ers,A few questions about the amounts you are saving every month for maintenance, vacancy, & cap ex.1) How do you keep track of it?2) Do you keep it all in one account? 3) What do you do with your excess (i...
Hi BP folks,So I've googled until I can google no more! I cannot find an answer to this question:Can my husband's IRA buy a property with a down payment, where the rest of the purchase price is covered by a private m...
Cost segregation has been a very popular tax strategy for real estate owners as it can provide significant tax savings. A cost segregation study is a strategic tax planning tool that separates the assets that have a s...
Hello BP,I'm looking into buying an apartment complex from an elderly fellow. He has a "friend of the family" currently as the only "tenant" in his 6-unit apartment. He told me she has not paid rent in over 15 years, ...
I read The Miracle Morning over 2 months ago after listening to the Hal Elrod BP podcast. I decided to do the TMM and it has definitely changed my life in a positive way. I was always super skeptical that a mindset/be...
Hello all,
I wanted to let everyone know my experiences as a newbie investor growing wiser and richer. First, i would like to thank all those here who have helped mold me and those who offered exceptional advice alo...