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First post! Hello BP!Sorry for the noob question but I can't seem to string together the right search terms to get the answer I am looking for.Here is the question...followed by the backstory.When investing in upgrad...
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Hello! I was wondering how the timeline would work if you used a 1031 exchange to purchase a new construction. I am assuming the house would need to be complete and closed on within the 180 days, but I figured I woul...
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Every property faces resident turnover. Turnover hurts a property due to a loss of rent, possible rent concessions to release the unit, and “make-ready” expenses. According to CBRE: “The National Apartment Association...
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I'll keep it simple, their credit is not good, mine is great, I have my own home and have amazing credit, they have first and second mortgage on theirs at high rates and cannot refinance due to lack of income (one sto...
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Hi everyone!
That new podcast got my tax juices flowing. One part that struck me was about capital improvements and placing your property in service. I purchased my first property (duplex - house hack) in mid Decem...
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Do you write off the expenses, improvements, depreciation ,etc of your investment off your A) rental income (cash flow) or B) primary income (full-time job)
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Hello BP,I am currently interested in DIY house projects to further improve my house. Are there any advises as to what I can do myself to further improve the house? I would like to learn to do my own things so in th...
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Do you get excited about repair expenses because of the tax benefits?I'm trying to look at the positive side of getting my rental property up to the neighborhood value. I've read there are great tax breaks for busines...
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I know we spend a lot of time talking about what we are doing on the inside of our flips but what about the exteriors? How much money/effort do you put into that? What are your best tips for curb appeal to make buy...
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Hello BP! I was wondering what are the best ways generally to add value to an apartment building.