Trevor Tso
Need advice renting to retired parents
I bought a second home as primary residence and would like to move my parents there (so they can help out for my child care and I can help them with $, they are little tight).
How can I get the most tax benef...
Carrie A.
Home owners insurance on a duplex
Holy crap!!! I'm going through with my first deal. It's a 2/1 duplex with a carport. Got my first insurance quote! Wowzer!!! $1700.00+ per year!!! AND, they are super concerned about how much experience I have wit...
Kent Lord
*Expenses hurt, *Refi unhelpful.. Personal Tax Returns BRRR
I'll be as clear and quick as I can:
I recently finished renovating a 5 plex and SF house in NE, then subdivided the lot to create two different properties. I then refinanced them with a local bank, success, kind of....
Marty Neville
Longest Distance BRRRR?
13564 kms (8428 miles) From Auckland New Zealand to Roseville, Michigan U.S
This time last year I had never heard of the term BRRRR - buy, rehab, rent, refinance and repeat. Now I can say I’ve almost come full circ...
Eric Dami
Cash Reserves for your rental? How much!
Hey BP!I know when analyzing deals, its critical to account for vacancy %, repairs %, CapEx to cover costs. Is there a rough estimate that anyone is aiming for? For example, if I did a remodel on a home and replaced e...
Ron P.
Tax Depreciation
I have a rental condo on leased land that I purchased and fixed up in 2014. Do I depreciate the full purchase price + rehab costs? Since I don't own the land there is no way to split the purchase price between land ...
Doug Effinger
How does syndication depreciation work.
As an owner of a couple of duplexes I have benefitted from depreciation over the past 20 years. I am now looking to move into passive investing and still want the benefits of depreciation to lower my taxable income (i...
Anthony Diggs
Is this a good Deal?
Current mortgage is only $400 per month that includes taxes and insurance.Rents are $850-1000. $5000.00 down payment plus $5000.00 cosmetic repair.Approximately $27,000 is owed and about 20 years left on the loan. Ren...
Kurt Granroth
Dissecting and Understanding a Schedule K-1
I just got my first K-1 from a multi-family syndication and want to understand it. This is the actual K-1 with real numbers and only personally identifying elements have been removed. I'm going to describe what I th...
Richard Mahn
Sell or rent??
I'm getting ready to move out of state for work and trying to decide between selling or renting out my house. I'm hoping for some sage wisdom from the BiggerPockets group. The house is only two years old, so I'm hopi...