Max T.
Budgeting for CapEx
So I've finally got around to creating a spreadsheet for CapEx budgeting and want to make sure I'm not missing anything. For each component I've estimated the cost to replace, the estimated number of months of remaini...
Jerry L.
water heater vent hood installation question
My city code requires the vent hood of the water heater to be secured with 3 screws at the minimum. Most hoods only have 2 mounts that can be screwed on the water heater. Anyone have any tips or experience?
Andrew Yu
Bookkeeping & Tax on Owner Finance Sale
I sold a property thru owner finance, but I have a question about the bookkeeping/tax side of it. Here is the journal entry for it basicallyMy questions are:
Is the journal entry correct? 26K is quite a bit of reven...
Miles Mardesic
House Flipping Spreadsheets??
Looking into doing my first house flip in the next couple months. As of now I'm in the budgeting/pricing stage and trying to make spreadsheets for the costs (buying costs, rehab costs, holding costs, selling costs) I'...
N/A N/A
How do you handle Reverse Exchange date setting on 8824
Hi,
When you're doing a reverse exchange and you have to put down the dates for relinquished property and bought property. How do you put down the dates. The questions on the form 8824 seem to be geared towards a reg...
David Matti
BRRRR METHOD on refinancing
I’m curious of the toll it takes on your credit to applying this method. By buying and refinancing at least twice a year or more, wouldn’t it affect it greatly?
Marlon Jackson
Repair estimates strategies
How are you guys estimating your repairs? Do you estimate by square foot or by each component of the renovation? Have a 2 bed room 1 bad working with the seller on getting under contract. Needs an entire cosmetic reno...
Nathan Jenson
Detroit Outlook in Auto Electrification
All the automakers out there are making big commitments for rapid electrification of vehicles and manufacturing appears to be moving out of the Detroit area.
The way I see it, even if all the existing auto plants in...
Jonathan McKay
Under Contract for a 12-plex, should I cost segregate?
I've just come under contract for a 12-unit apartment in Spokane, WA that was built in the 70's and remodeled in 2014. Purchase price was $720,000, and I intend to hold on to the property for >5 years. It is not pa...
Paul S.
Do you use Ben/Serge's $250/mo Capex Estimate?
First time investor trying to figure things out; heart says no, but my head says I should...Wish we had a polling option on the forum...