At what point in your RE Investing journey did you hire a CPA to do your taxes? At one rental? At ten rentals? After creating a business? Trying to determine how much longer I should do my own taxes. Thanks!
We're about to start a large rehab project in the inner Minneapolis suburb of Golden Valley. We've completely gutted the house which was close to 5500 sq/ft when we purchased it. Thanks to the new fire suppression l...
I am currently under contract to purchase a single tenant, Advance Auto Parts building. The lease calls for the tenant to have property (and liability) insurance on the property in their name and list the landlord as ...
I'm an OOS investor looking at a property in Indianapolis. Based on my deal analysis the numbers look good, but one thing I am concerned about is an above ground pool with a built in deck in the backyard. Having a poo...
Hello BP Community,
I just wanted to say hi and hope to network with other members of the BP community.
Currently I am a police officer in Ontario, Canada and my wife is a teacher. We both have comfortable salaries...
Hi all,So I am starting an LLC with two partners for rental property purposes and feel like I am over thinking the structure.We will be investing in Connecticut and Pennsylvania my first thought is to use the parent-s...
I'm currently under contract to close on a 4-plex on June 24 and found out that there's a registered sex offender living in one of the units on a month-to-month lease. I have to live in one of the units (mortgage reas...
So I have 6 months of expenses set aside in reserves. Is this an acceptable amount to then increase my cashflow a bit and decrease the amount going into reserves? When below 6 months reserves, I do 10% maintenance, 8-...
First Post!So i've been lurking around on the forums for awhile, and listening to the podcasts on and off for the last few month. I have a question regarding the 50% rule. I am looking to buy my first investment hom...
I am refinancing a home - decree & recorded warranty deed have been provided (both document the home in question to me). I was divorced 10 years ago. Within the property division there is a one time payment to hi...