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I am running into an issue getting a HELOC on my primary. Although I have $300k+ equity, $2M in business assets, absolutely 0 debt except for my current mortgage, and a credit score so clean you could eat off of it, t...
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I have an ADU next to my primary residence and often buy things for both units. I'm using Stessa and looking for the right way to record only the business expenses.Here's what I'm doing:1. Enter an inbound "owner cont...
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
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Hello,
I’m in the process of negotiating on a property. The sales price would be $200,000, the property rehab would be approximately $80,000-$100,000 and the ARV would be anywhere from $400K-$450K.
I’ve secured pr...
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Hello BP Community,I am a new investor. My wife and I have been waiting for a multi-family property that works for us, between 2-4 units, to come onto the market. In addition to being new investors, we’re moving to a ...
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I purchased a 4plex in late 2018 in Ohio. The property appraised as a 4plex and I got a Fannie 30-year fixed mortgage with no issues. Credit and income are no problem at all. Purchase price was $80k. I am trying to re...
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Are there any Chicago landlords out there familiar with smoke detector code in Illinois/Chicago? My understanding is that all smoke detectors need to be hardwired near each bedroom. I just bought a building and, for...
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1) Am I at risk if I try to wholesale without an LLC?
I read a post from @Ned Carey in this thread that mentioned an LLC is less important if you have less assets to protect. What about as protection from a...
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I use Wisconsin Legal Blank rental Agreement (form 19) and sometimes also use their Nonstandard Rental Provisions (form 984). Are they the best for small Landlords? What's the best way to split up snow removal and lan...
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We are looking for an investor friendly attorney in South Florida. We have contacted a couple in the area and they simply fail to even reply which is disappointing considering who recommended them. We need an attor...