I have a condo unit that was converted from primary residence to rental property in January 2018. I calculated the cost basis for depreciation when I filled my 2018 tax return and thought everything was good. But now ...
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I just found a house on the MLS which was actually listed by my agent so I learned some valuable info.
The flipper backed out halfway through the remodel because they discovered that an addition wasn't constructed co...
In May 2916 I bought a condo in Tuscaloosa, Alabama which was my first rental property. I have been meaning to do it for years but just wasn't sure and I just kind of jumped into it because my numbers worked. Cash f...
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Have never offered on short sales but have questions before I try.Is the listing price on a short sale the least the bank will accept?Does Approved short sale mean that the bank has approved the asking price?Does Pre-...
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OK - I found about a pocket listing a few weeks ago. Here are some of the details. 26 total spaces, 11 occupied with park-owned homes, the remaining 15 are vacant. However, 10 of the vacant spaces are newly outfitt...
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I'm having a hard time understanding how the BRRRR method is beneficial. I understand how it can be used to buy a lot of property but confused on how this method actually makes you money.As I understand it the BRRR me...
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Hey BP,I want to refinance my primary residence here in sunny Southern California. The only problem is, I have a big $700/month car loan that I took out after getting into the house last fall. The balance is about $35...
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Hey everyone!I was listening to BP episode 335 or 334 and I heard something interesting. The speaker mentioned that either he or someone he knew invested in a very expensive property which had negative monthly cash fl...
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I was recently approached by a wholesaler with the following facts for a 2 unit home in Hammond Indiana. I did an analysis and seem to come out with negative operating income but want to check my analysis since I ...
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First off for some reference before you get into the Example: As you know there are at least 5 different possible "sources" of income when buying any kind of Apartment, multi family or single family real estate deal. ...