Jeffrey Odu
Should i consider BRRRR or Flip on this deal?
i found a home 2 bed 2 bath, 960sqf, garage, for 73k that needs some cosmetic work (interior & exterior) nearby homes go for 120k-150k. I have 7500$ which is 10% of the asking priceim not sure if my calculations a...
John Pomponi
Financing a “zombie” house renovation
Hello BP community! I’ve been listening to the real estate podcast and reading the forum daily for 5 years, but this is my first time posting. I own 3 pre-1900 homes. I have restored two of them myself, paying for the...
Zach P.
Question on writing off Rental Income to Zero
With last years taxes, I was able to write off my rental income down to zero through depreciation, repairs, hoa's, taxes, insurance, etc on my rental properties.Since I do not meet the qualifications to go to $-25,000...
Nathan Gesner
Rental destroyed after not being able to evict
The Landlord started the eviction two months before the pandemic, which demonstrates the Tenant shouldn't have been able to blame COVID for his inability to pay rent. The blanket closure of our legal system is unjust....
Pat Dansdill
Thinking through the logistics of BRRRR
Hello all,I would like to use the BRRRR strategy on a property, but don't fully understand the details-any help is appreciated!1-Am I wrong in assuming you can buy a physically distressed property with only the down p...
David K.
Duplex in Cleveland Ohio
Hi,I found a duplex outside of Cleveland Ohio that I was hoping to get some feedback on. I am a long-time lurker in investment properties, but have never pulled the trigger. I found a property recently that seems too ...
Mark R.
Travel expenses
I have two rental houses that are 400 miles from home.
I understand that to deduct overnight travel expenses, I must spend over half the trip working on a rental. What if I spend six days total, two travel days, wor...
Maxwell Banton
Urgent Help needed navigating Investment Decisions for My Orlando Property
Hey everyone! Really need your advice and a big thanks to those who weighed in on this previously. After weighing all my options I have more detailed information. Quick backstory: I ventured into Airbnb in Orlando wit...
Jeff Ronningen
Tax Treatment: Capital vs OpEx
Hello BPers, wondering what the consensus is out there for categorizing capital vs operating for appliances? Window A/C units? Painting? Refinishing floors? Carpet? I'm leaning to treating it all as expenses.
Marie S.
How Do You Pay Yourself?
So, I'm a couple weeks away from closing on my first 4-unit and was wondering... "How am I going to pay myself?"
How do you initiate and record payment to yourself? Do you put yourself on payroll? Do you calculate yo...