Bradley Bissett
Tri-Plex water situation
Hi BP nation. Im looking for a little advice as im about to close on my first Multi-Family. The 3 unit home has only 1 hot water heater. The units each have separate gas/electric but not water/hot water. The hot water...
Ryan Schaidle
Solar panels on rentals
I’m thinking of putting solar panels on my rental but on the 9 storage units, not the duplex itself. Any suggestions?
Account Closed
Recast vs Pay-down Economics
I recently sold a rental property and would like to invest the cash into another rental property that I currently own. I'm treating this investment essentially like a bond (safe, simi-low return, etc). From what I ca...
Larry Flanagan
Reduce income tax bill
Besides making less money, what are some good ways to reduce my income tax bills? I mostly flip & wholesale, so my income is primarily taxed at short term rates. Between state & federal last year my tax bill...
Mike Harvey
Accounting - Seller contributions
I am updating my records in Quickbooks for my latest rental property. There are a couple items I'm not sure how to account for. Can anyone offer any advice?
- Seller paid closing costs(I got them to contri...
John Gornik
Pool installation: Resale value/ROI - plaster vs. pebble tech?
I'm adding a pool to a property. It is a triplex in Palm Springs that we are either going to flip or hold and rent. My partner and I have been trying to decide whether we should go with plaster or pebble tech. I know...
Account Closed
How Sub2 used promissory note?
I know we can use a promissory note to pay the seller during the subject2 deal because the property have equity and positive cashflow but how do i know in the next 5-15 years i will have the money to pay back the sell...
Dax Nollenberger
Down Payment, The Great Mortgage Equalizer
Interest rates have had a substantial impact on the overall affordability of a home. With mortgage rates on the continual rise, it’s time to think creatively about how we can minimize our long-term costs and make our ...
Todd Magin
Out of State Series LLC, Legal And Tax Implications
Apparently the formation of Series LLC's are only "allowed" in a few states. I live (and will invest in) Maryland, which does not allow the formation of Series LLCs. Is using a Series LLC as simple as forming it in a...
Julio Gonzalez
Cost Segregation Study on RV & Boat Storage building
If a Cost Segregation Study had not been performed on this $3,000,000 RV & Boat Storage Building located in Fort Pierce, Florida that was purchased in 2020, it would have had first year depreciation of appro...