Jonathan Roberts
Asphalt or metal roof
Potential deal: Looking at a triplex later today which from the pictures needs its shake roof replaced. This property will be a buy-and-hold which begs the question of whether I go with a bit more expensive metal roof...
Jake Sablosky
Accounting Question - Tenant Paid Utilities
Howdy BP!
I have a business accounting question. I own a 4-plex in an LLC that has shared water and gas. I am using QBO and want to account for utilities that I initially pay for (since they are shared throughout th...
Jonathan Vu
Loan Bundling and Tax Reporting
I have 5 Single Family Homes with 5 separate mortgages that I am thinking about refinancing into a single loan (loan bundling). At the end of the year how would the interest be reported on Schedule E? Would the intere...
Patrick Wood
Investing seed money: what financial instrument to use as a bucket
I am new to real estate investing. My wife and I have overhauled our personal budget to reflect the 'pay yourself first' approach (allocate in order: income comes in -> invest -> donate -> fixed expenses -&g...
Tim Silvers
Tax Implications of Seller Financing on rehabbed property
What are the tax implications for the seller of a seller financed property in which the seller purchased, remodeled and sold it on terms?Hypothetical transaction with easy numbers:1) Seller acquires property for $100K...
Ian Livaich
Advice on First Deal Numbers/Analysis
Hey everyone,I am considering putting in my first offer on my first property wanted to get everyone's thoughts. This is a duplex in a very desired area of South Jersey with easy train access to Philadelphia. The dup...
Robin J.
First rental investment in a "rougher" neighborhood in Oakland
Hi all,New Oakland investor here and was hoping to get some advice/thoughts from experienced multifamily experts in the Oakland area. I've been looking to house-hack my first investment, as a means of utilizing max le...
Tianyun Zhang
Made the first offer. Kinda nervous
Hi BP Community, I just made an offer on a single family house today and just wanted to share the numbers to see if they make sense. The house was built in 1999 and has 3 beds and 2.1 bathrooms. It has a walk o...
Lucas Pfaff
How do YOU get paid?!?! - From your LLC/Entity
I'm a bit stuck in trying to determine the best way for an investor to get compensated for their efforts in an LLC. I am part of a 2 member LLC in Philadelphia, PA. Originally, both members were operating under an und...
Matthew Ban
First deal on a duplex in Saint Louis - Feedback appreciated!
I'd like to get some feedback on this deal I'm considering on a 2 bed/1.5 bath duplex in Saint Louis, MO. I copied the particulars from the BP rental calc (I hope that's okay) and my question now is how good is this d...