Jon Marois
Purchase Of a Storage Business and 3 Lots - 1.4 million$ Help
So I was recently contacted by a Mini storage company that was looking to get out of the business. The business includes a few different lots and mini storage / sea can units. The company makes around 200k per year in...
Mitch Miller
Hello from a new investor from Raleigh North Carolina
Hello all,Long time lurker and listener to the BP forums and podcasts. I have gotten into real estate last year with my first property a triplex and have since then bought a duplex. I am gaining knowledge every day...
Nate Morris
Cash Out Refi for first Apartment Building
I am looking to buy our first apartment building. For the down payment I can sell stocks and pay cap gains, (which I don't really want to do) or cash out refi our 1) primary or 2) long term rental (or 3) Both). The pr...
Barb Asay
Quicken, how to record shared expenses for rentals
Hi, I'm new here and have a question.I have 8 rental units and have been using YNAB for accounting because I LOVE it for my personal finances, but its super limited on reporting so I have decided to try Quicken. I ju...
Justin Boyd
Capital gains exemption on duplex?
Would I be exempt from paying up to $250,000 in capital gains tax if I sold my duplex? When I purchased the property I lived in it for 2 years (within the past 5 years) while renting out the other half.I’m seeing some...
Ryan Daniels
FEMA DFIRM zones-- how big of a deal are they?
How big of a deal is it to buy a property to flip in a FEMA DFIRM zone A area? The Zone A area comes into the property, but not onto the structure itself. Is it difficult to unsure and sell such a property? Anything s...
Jonn Vidal
Y do 1% List brokers ie RF charge seller extra 1+% if Buyer Unrep
Was surprised to see even RF slaps on an extra % taken out of the seller's proceeds whenever the buyer is unrep.Are there any exceptions? NY
Chad Riley
Duplex & Airbnb build in Coeur d Alene, Idaho
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $350,000
Cash invested: $85,000
Duplex
What made you interested in investing in this type of deal?...
Derrick R.
Newly married, wife's home with equity being sold...taxes?
As the title suggests, my wife owned a house with quite a bit of equity in it and we are in the process of selling. She lived in the residence since it was built a few years ago and just moved out when we were married...
Account Closed
Depreciation as expense when renting out
Hello,I am moving to new house and would like to rent out my current property. There are a lot of articles that "depreciation" helps to even profit from rental with expenses.Let's assume the property without land cost...