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Can anyone tell me exactly what part of sec 469 of the tax code that explains what qualifies you as a real estate professional? I am having a disagreement with my CPA. He says that you have to have a 7 days or less on...
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*This link comes directly from our calculators, based on information input by the member who posted.I'm a new investor and I'd like to give the BP Forum a test drive. This property is on the Gulf Coast. (...
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I'm just starting out and want to use a different number as I manage my own properties. What is the best one and why? Thanks in advance everyone!
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $105,000
Cash invested: $39,000
I own two 2/1 Duplexes. These are older properties that were poorly maintain...
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About the rehab step, it is commonly advised to work with a contractor but get advises from our property manager on the scope of works. But many property management companies also offer rehab services. I'm wondering i...
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I'm purchasing a duplex in Alabama but I live in Texas. Which state should I form an LLC in? What would be best for tax purposes?
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Hello, I am in contract on a 4-plex that is a 2.2x property. I am looking to figure out a place to install a washer and dryer. I have decided I want to go with something credit card operated and I would like to use a ...
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Hey BP,I have a 6 unit property that is currently below market rent by $100 - $150 and the previous owner paid for city water, sewer, and garbage. The property is in a smaller town where water is a flat fee (not mete...
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What are the traits of an excellent PM? When is it time to fire the current PM? How should a smart REI monitor the PM? Thank you in advance for your great advice!
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I am currently buying a property in PA via an "Installment Agreement" Owner Financing and have confusion about how insuring the property should work. The owner has a small mortgage on the property and my insurance bro...