Lior Golan
Handling with contractor quotes
Hello.On every book that I read of bBiggerPockets it says that you need to do a scope of work with tasks and divide the cost of every task for labor and materials.But then I got a property and started to look for a go...
Rick L.
How do you haul large items (lumber, appliances, cabinets, etc) to and from your properties?
I'm not at the point where I think purchasing a truck/van to haul supplies (-ie, lumber, cabinets, water heaters, etc) is justified. However, I do need to find a way to haul large items from Lowe's/Home Depot to my p...
Jesus R.
Help with Tax form 1120S
Here is the scenario...S-corp LLC was established in Feb 2018 for residential real estate investing/flip.It started with cash deposits from both managing members to purchase a single family home in Feb 2018 for $80k. ...
Ruchi Patel
Investment Real Estate Tax
Hello, we bought a investment property in October but was not rented till February 2020 as it was going through renovations. Can some real estate accountant guide me as to what can be deducted on my 2019 tax return. I...
Dennis Soto
How to structure a realtor/contractor partnership ?
Hi all,I am a New Jersey realtor and recently approached a contractor I know personally to see if they had an interest in partnering for some house flips. I have an LLC I would like to utilize for the purchase of the ...
Noah McPherson
Holding costs flips and BRRRRs
Can you guys enlighten me with a breakdown of holding costs? What do you pay? The price of the loan, utilities, insurance, and maybe half a year of property taxes or so. What else is there?
Dar Fornelli
Expenses from fixing up rental property, prior to being rented
I purchased my first rental property in 2016 and spent ~$15K on material/labor to fix up the property prior to renting. The house was vacant when I purchased in September of 2016, and I did not have a tenant in place ...
Shyam Sah
Garage Rental Lease
Hello,I am renting a detached garage to a tenant for $100 a month. Can someone share their garage rental leases? I am not sure what terms to include and what not to include. I appreciate your help in advance.Thank you...
Chris Dawson
Cost Segregation - First Investment Property
Hi, I am in the process of purchasing my first investment property. I am looking at a house close to my primary residence for around 1.8M; I plan to rent it out for the first year while I obtain permits and plans to b...
Chris Good
Adding Value and Controlling Costs
In a softer rental market like we seem to be in now, it becomes much more important to focus on the boring fundamentals like controlling expenses. One of the ways we have been doing that in our multifamily properties ...