Ian Dale Ibrado
Add value by converting space
Hi guys, just curious. I know people are saying add value by adding rooms but will it add value if you convert an office space or den into a bedroom?Thanks
John K.
General Use Items for Rental Property on Taxes/Accounting
It's my understanding that every asset needs to be assigned to a property, we have 7 rental properties, and buy things like a snowblower that we use at two multi-family properties. Do we split the depreciation and as...
Bette Hochberger
How to Maximize Deductions on Your Rental Property
Hi everyone,If you own rental property, it's essential to maximize your tax deductions. Here are some tips:1. Depreciation: Remember to depreciate the property and its improvements.2. Repairs vs. Improvements: Repairs...
John Williams
What does a property manager do on a daily basis?
I'm thinking about getting into the industry. What exactly does a property manager do for a commercial office building? Could someone give me an example of a day in the life of a property manager?
Tyrus Shivers
Agent-Inverstor Friendly Brokers
Hello again BP,
After some careful consideration I have decided to get a license here in Maryland. I saw a post recently where several agents in Maryland where discussing brokers who were supportive to agents...
Sean Ade
Moving across state lines
Hi! I am currently living in Portland OR and was wondering how my income tax would be effected if I moved over the bridge to Vancouver WA, but mainly worked in OR. A majority of my work is done in Oregon but I also co...
Stephanie Choi
Advice about Questions to ask Brokerages while interviewing
Hi,I am interviewing with a couple of brokerages tomorrow and am trying to compile a list of questions to ask to see which brokerage is the right fit for me.Is there anything I should definitely ask to differentiate b...
James Park
The millionaire real estate agent - Do i need to join Keller Williams?
One of my favorite books is the millionaire real estate agent by Gary Keller. The book shows how one can build a brokerage and have a mind set of a business owner. Although, I've ran my own business (non real estate r...
Delaney Mizell
Preapproval letter with $0 in the bank while using seller credits (WA)
I am buying my 2nd live and flip (~300k) and want to use another 3% down conventional, I also plan to get 4-5% back in seller credits at closing meaning I will need maybe 1% of purchase price in my bank at closing aft...
William Powell
My first MTR and how to set it 2nd room
Hey BP. Should I make 2bd 1 bath in a quiet town 35 minutes from the big city a MTR with 2 queen bed sets or 1 queen and make the second bedroom an office or even an entertainment/exercise room? Thanks for your answe...