Robert Steele
De Minimis Safe Harbor Election (expense rather than depreciate?)
Does anyone know what to make of these new IRS rules that came into effect for 2014? (but I believe are back dated to 2011)It sounds to me like we can start deducting a large number of those repairs we used to have to...
Charlotte Dunford
Raising rent - what to do
Say there is a 50 lots mobile home park with tenants paying $100 below market rent. However, their leases are not up until a year later. The goal is to raise the rent by a total of $400 by the end of 5 years, and the...
Kevin Dee
Bathfitters or Similar Shower Rehad
HI All,I was getting a quote from a contractor and he suggested instead of redoing the wonderboard and retiling my shower, that I try Bathfitters. The tub is also super worn out too. I'm in the Westchester area: Rye N...
Karen Bolyard
Pay cash or finance STR?
I am in a multiple offer situation and offered cash with proof of funds for a beach STR property. I told the agent I may decide to finance (depending what accountant advises tomorrow) and what information I learn her...
Christopher Rowan
Delayed Financing Strategy
I just purchased a quadruplex for 340K with a line of credit. With around 40K in rehab I estimate its ARV to be 475K. It is currently fully occupied with leases not ending for another 10 months. My plan is to take a m...
Noah Levenson
Building up Cash vs buying Stock
I’ve been going back and forth on whether to dedicate 100% of my extra cash each month to my real estate account OR continue dedicating some portion to dollar cost averaging into the stock market (via Wealthfront).I’m...
Sean McKee
CDC Moratorium Extended Yet Again . Is This The New Normal?
Hello BP! The CDC stated that July 31st was the last extension of the moratorium and many states had already moved in that direction. I personally thought that this was a once an a lifetime event and the end was fina...
Marcus House
#AskBP Clarification on ROI calculation
#AskBP I have heard the BP guys say in a number of webinars that when evaluating apartments, it should have a ROI of at least 12%. Is that on Y1 profoma numbers only? Is that an average across all five years not inc...
Trent Balandran
Hard money loan concerns
Hi all, I am new to the world of real estate investing. I recently purchased my own primary home and I have been prospecting to get my own fix and flip deal. I have a mentor who fix and flips full time and will be ass...
John McKee
investing in notes
Looking at a note fund with ppr capital paying a preferred return of 12%. should i purchase some with my household equity line of credit at 8 %?