Kristopher Windsor
Do my cash flow numbers look correct?
Hi, I'm new.I want to make sure my math is right and that my cost numbers are in the right ballpark so that I can estimate cash flow before I buy my first property.For practice I am looking at this one: 6432 Clark Rd,...
Sachin Amin
Tax deduction on rental property expenses (Tax season 2021)
Hello BP community - i was looking at IRS website to see if I can deduct closing costs for all the properties i purchased in 2020
Ref: https://www.irs.gov/faqs/sale-...
FROM IRS Website-----------------------------...
Adri T.
Utilities
My tenants, who recently moved out, were informed that the gas utility company failed to bill them for the term of their lease and they owe them a few $thousand. Would you be concerned, as the property owner, that the...
Elias Parisca
SFR Expenses in San Antonio
Hi All, I'm looking to BRRRR properties in San Antonio and could use some guidance from those of you familiar with the area. I'm looking for rough estimates of expenses to perform high-level property analysis. With ...
Petur Karlsson
Installing Solar On Rentals & Charging Tenants For Utilities
Hello everyone! I'm set to convert my primary residence into a long term rental property. I installed solar panels on the roof back in August 2019 and over one year, the panels produced over 11 MW of electricity, mini...
Pam Poe
So I figured out why no one wants this deal
So I found a deal on 2 houses 1 lot abandoned for years, sold on tax deed sale now up for sale for 9k.!well the code enforcement has over 1 million $$ in leans back to 1999, and $7k in utility leans, and still has 1k ...
Brian Knox
Is there an upside to this situation?
Can't sell our residence in MN and are forced to rent it. Cash flow is break-even or slightly negative if I rent it out. Can you help me understand the tax benefits?
Monthly outgo: $840 PITI + $110 Property Managemen...
Carl Cheung
Build primary residence and using section for STR
Hi, wanted to see if anyone has done this and what I have/haven't thought of yet. I'm in a HCOL (Seattle) area and looking to build my "final" home.I was thinking of building a home and have part of the walk out basem...
Julio Gonzalez
The Importance of Understanding Land Valuation on Your Property
A cost segregation study is one of the most beneficial tax benefits for commercial real estate properties. One key piece of a cost segregation study is identifying the land value of your property as it helps you be co...
Brock Hoffman
Figuring out utility costs
How should you go about figuring out utility costs / taxes and other expenses for a particular property in your area? I am currently looking at a 4-plex, but I am having a hard time analyzing it because I don't know w...