Dear all!,Does electric fireplace replacement count for repair or improvement?The real question is can I deduct the expense at once or must I depreciate it from tax perspective?Thank you-Alik

To my BP family,When I am running my pro forma on a potential investment property, I always get stuck on whether or not my expense numbers are correct. I can accurately estimate utility costs as most util companies ha...

Hi all,I think I got some advice on tracking expenses and such when I started out, such as "never pay in cash, always write a check" etc.  I was hoping to get some better defined guidance from the community.1) For the...

Hi BP!I am building my team and want to know if anyone has any good referrals for property management companies in the Las Vegas / Henderson NV area? Thanks in advance!

I am looking for Cash Flow properties in A- to C+ areas.  I found a 3 building 6 unit listing on my local MLS and I believe that I may be looking at this deal wrong.  Can you help me out with my analysis?  Thanks in a...

Hi everyone!I am under contract for the construction of a property. We agreed upon 4 payments. The first to be made to initiate construction, the last when construction is finished and 2 additional payments in-betwee...

I am new to RE and I am looking to househack a duplex in the Dallas area. I need help evaluating the rehab costs for duplex listed on realtor.com. I have not seen the property in person, but just looking for an estima...

Below is a letter I received from the bank I applied for 5% down conventional mortgage loan. Why they need this information and what this means to me? I have not received the form they want me to sign yet. Should I be...

I've been looking for a definitive answer on financing for Subject-to deals, but If you were to acquire a property via subject-to and rehab the property, is a cash-out refinance a possible exit strategy and making the...

Hey BP quick question,
When setting aside money for capital expenditures, how much would you vary based on age of certain expenditures? For example, a house that needs a roof in 10 years vs. 5 years and HVAC in 8 yea...