Hello fellow househackers!
Two questions for the group in celebration of tax holiday cheer.
1. Does your tax preparer have you use a 1040 schedule E or 1040 Schedule C?
2. Which portion of the tax code do they ref...

Good Easter Evening BP,

I have been working on a Canadian Relevant Spreadsheet calculator based on J Scott's (Here) which can crunch all my numbers for me. Trying to get estimated %'s and rates and averages f...

I own two multi-families free-and-clear in a hot area of New Jersey. I am thinking of selling one in order to have less headaches and take the money to buy high dividend stocks. Thoughts? Each multi-family clears A ne...

Hello BP,I am looking at a 100-unit apartment complex (2 buildings) and I'm wondering about some of the utilities they have in their books.Are municipal fees just sewer? A simple google just said sewer and trash, but ...

Hello Everyone,I am creating a proforma for Houston, TX buy-and-hold properties. I wanted to ask the BP community how they account for fixed and variable costs.Currently, my only variable expense is Property Managemen...

What are the closing costs involved with seller financing, if any?

Like everyone else I have been looking, connecting, negotiating and I think I may have found one that will work. The fact that this property is a Class A property located in the most visited National Park is just icin...

Hi,I am planning to do invest in fee simple transaction to get 5:1 deduction. I do know that up until last year conservation easement (CES) was way to go but since now IRS has reduce to 30% of AGI it make more sense t...

Hello BP!

I have my LLC registered in Oklahoma as this was the first plan I was going to do fix and flip there. However, I moved to Dallas and was wondering if I need to set up a new LLC to be registered in T...

I want to start by saying that this is my first deal. This question serves two purposes, to educate myself and to allow others to get valuable and transparent information on closing costs of conventional loans for inv...