Austen Iverson
Owner Occupied - Short Term Rental - Tax Deductions
Hello all, I have a house overlooking a lake in South Dakota. This is my primary residence & the mortgage is held personally on a 30 year note. I file for "owner occupied" status and have the mortgage interest ful...
Bruce P.
Specificity and Payment Breakdown for a Proposal (ADU)
Hi BP community,So my friend is building an ADU in their backyard in the Los Angeles (specifically Westlake Village / Moorpark area). A couple of questions came up.1) What is a typical payment structure that is fair t...
Karim Dallas-Newell
Are Manufactured homes a good investment?
I'm in San Antonio and have seen a few Manufactured Homes for a low price. But manufactured homes seem to be categorized under Mobile Homes,
and I always thought of mobile homes as something similar to an RV
where...
Tim Jones
Was this a good recovery from a bad mistake?
Hello BP!Looking for a little feedback on my first REI deal.Background: Joined BP last year, read a lot of books, and listened to all the podcasts. Got my wife involved (she's the smart one) and we got a HELOC on our ...
Daniel Dietz
Should Cap-EX or Major Repairs be Factored into NOI?
Hello All, This is my first post in this forum. My two partners and I have 29 units varying from SFHs to 4-Plexes right now, so have not really looked at NOI on those. A 16 Unit came up in our smallish but vibrant Mid...
Matt Hudson
Am I being too conservative? Would you walk this BRRR deal?
I made an offer on a home and we were just informed they have a higher offer. Below is an overview of the details. Should I raise my offer?
Listed at $100k. The home is on a sketchy street but every street around it ...
Emilio Ramirez
Development Soft Costs
Hello Folks,
Great site you have here. I'm a newbie and will introduce myself after I get this post done.
I'm working on my first development deal, a 65 unit independent senior living apartment building. I'm curren...
Eléne Ray
Seller's Tenant Refuses to Move Out - 4 Days Before Closing!
Hi All,Found myself in a crazy situation - would greatly appreciate any practical advice. I am buying a 2 family in Medway, MA. The closing is scheduled for Monday, November 14. The house, as specified in P&S, is ...
Patrick Flanagan
How to make your tax accountants job easy!(ier)
What are the top things I need to be doing to make my tax accounts job easier? What systems do you utilize in your small or large real estate business to track and log all your real estate transactions. 1 to make your...
Amorette Mason
I wish I knew then, what I know now - Landlord Tax Edition
Hi! I’m working on an end-of-year newsletter for my clients that are first time landlords. I am wondering, are there any questions that you remember having (or have) as a first time landlord that you wish you knew th...