Chris Oswald
Seeking guidance on a deal
So I apologize in advance, this might get a bit long.Real estate has been something that I have always wanted to invest in. My wife and I still own our first townhome and have been renting in for the last 4 years, but...
Jack B.
Accountant is using a weird depreciation method, is he right?
He tells me the appraised amount of the structure (not including land, just the house) divided by 27.5 is NOT the depreciation method.He said the purchase price is my basis and that...Depreciable basis = basis * land...
Damien Hall
How to value a property with no financial stmts
Is there a way I can value an apartment building that doesn't have any financial stmts? A building in my area is on the market but it has been vacant about 8 years so there are no financial stmts to view. I think th...
Jeff Cantrell
Pay no taxes? I’m listening.
I’ve been in realestate investing for over 10 years. I continually hear people talk about “paying no taxes” being a benefit to owning realestate, but I’ve yet to have heard a single explanation of how that’s possible...
Ben Lovro
Why Property Inspections Are Essential for Investors
Introduction
Buying a property can be a thrilling adventure, especially when you're searching for the perfect place to call home or a smart investment opportunity.But before you dive headfirst into the world of real ...
Zack Jackman
Getting financed for my first deal
Hi my name is Zack Jackman and I am a newbie from Troutdale/Portland Oregon. I have been learning all that I can here on bigger pockets and I know there is much much more that I can learn, and I am excited to do so. R...
Bonnie Donahue
Setting up your biz? LLC? Corp? Partnership?
Hello! I'm new here and just starting my biz with my husband. Did you start an LLC, S Corp, C Corp, or Partnership? Our Accountant suggested that we do a partnership but I've read that a C Corp is best. We are going t...
Shane Wolf
Alternative Ways to Generate Starter Cash
I am exploring different ways to generate additional cash to use towards BBRRR and cash only home purchases. I have money in stocks and emergency funds but would like to avoid tapping into them if possible. I know the...
Ran Fridman
Detail questions about tax liens & tax deeds need your advice
Hello BP community members, I have several questions that I can't find answers 1. Can Tax Liens, Tax Deeds & Redeemable Deeds be bought before auction ?Example: I know property near my home, that I'm interested ...
Christopher "Bear" DeSanctis
DSCR Ratio - how is NOI estimated
Considering that DSCR = NOI / Debt Service and NOI = Gross income less operating expensesWhen institutions are looking at operating expenses for a new purchase, how are they calculated? For example, if we know the g...