Chris Gilbert
Taxes: Assigning general rental expenses to individual houses
How do you assign general expenses incurred in your rental business to individual houses for tax purposes? By general expenses, I'm referring to equipment purchases and mileage when we drive by all properties periodi...
Skip Reath
Advice needed on South Chicago Condo flip
Hi all first time on BP so hope I do this correctly.Have a situation on a fix n flip deal that has turned into a nightmare. Purchased 13 condo units in a south Chicago complex in 2012 hoping to fix n flip. So far I ...
John Underwood
VRBO and Schedule C or E article by an attorney
Here is the link.https://markjkohler.com/how-a-short-term-vacation-...My CPA had said to use schedule E for my STR on Homeaway. Then I saw a discussion on why you should use schedule C.This attorney explains why you s...
John Hanson
Schedule E Hurts... When you want to buy again.
I bought a condo as my Primary Residence in July 2011. A few weeks later, I began renting out a room.
In January 2012, I rented out a second room and continued living there with two tenants until July 2012.
In Ju...
Christopher Lee
Buy & Hold Partnership Taxes
My partner and I are getting close to buying our first buy & hold property and I wanted to know how we should handle paying Uncle Sam his cut. At first I was sure setting up an entity would be the most logical rou...
Erik E.
Realtor in Miami?
Hey everyone,My wife and I are thinking about moving to Miami in the next few months. Ideally, we would like to get a duplex to house hack, or at least get a condo that would make sense to turn into a rental once we m...
Jay Hawlader
Is this a rational offer or am I lowballing?
Hi everyone,My partner and I are in search of our first home and came across a property that we like. I was hoping some experienced purchasers would be able to advise me on an offer I’d like to make. I’m in New York. ...
Nick Coons
Slightly Lowering Interest Rates on BRRRR
TL;DR - Get your investment back without doing a cash-out refinance.Something occurred to me the other day when talking with my lender. This may be something that everyone knows and I'm just late to the game, but I th...
Robert Biggins
Military House Hunting
Greetings BP Family, my name is Robert Biggins and newly joined to the BP community. Currently I am stationed in Houston, TX and it has been a great tour of duty. Next year I am scheduled to relocate to Fort Knox, K...
Jerry Fung
Converting a duplex garage into a living unit
I have a duplex garage that has existing plumbing, HVAC and electrical system in place. I am looking to convert the garage into a habitable unit. Are there any recommendations on which local architect firm that I ca...