Lorin Hinton
Please help analyze first deal
Hi everybody, I am not sure if I am getting cold feet or jumping the gun for my first deal. But I have a deal that I am working on as my first rental property. Here is a little bit about the property itself. First ...
Isiah Ferguson
Cash reserves or credit ???
Hello, BP. When you are going to refinance your property. I believe 1 of the requirements are "cash reserves" to cover 6 months to 12 months of funds to cover the mortgage. Instead of having cash, can a person use Cre...
Evan Chen
Newbie from San Francisco, California
Hey all,My name is Evan. I'm 28 and I live in San Francisco, California. I've been a Bay Area resident for most of my life.I'm a Software Engineer and recently have been interested in Real Estate Investing. I just fin...
Jawei Kuo
Looking to Convert a Detached Garage/Backyard Storage into an ADU
The property is a residential property situated on a 1 acre lot in Sacramento County, California. It includes a primary residence, as well as a detached garage/storage area in the backyard that I am looking to convert...
Jon Klaus
Shared driveway agreement
I'm refinancing a home with a shared driveway, The bank requires a shared driveway agreement. Do you have a simple version I can edit? That you'd be willing to share?
Chris Sullens
Are all costs prior to placing a tenant considered purchase cost?
So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...
Anson Young
Help me analyze this 4 plex
have a guy looking for a 13+ cap rate.
This one looks promising. Any help from you guys?
Purchase $180k
Each 2/1 unit rents for $700/mo
Has 2 car gar for extra income out back, we will leave that out for now.
Tax...
Mohamed Nagoor
Year End Accounting Question for Flipping Business
Hello BP Team,I'm in the process of selling my 1st flip via my LLC. I do maintain records and receipts of all of my investment activity for this flip via excel. Trying to understand the Accounting/Book Keeping work ne...
Chad Hurin
Can local REIA travel & dinner expenses be deducted
Hi BP,So I was entering my miles in to Quicken and love seeing the deductions add up. I was thinking, I go to these local REIA meetings and often times I'm required to buy a meal (a deal the restaurant/venue worked ou...
Nicolas Jefferson
Student Housing Expenses
Hello BP, thanks for taking the time to read and help me out!I'm looking at several student houses in my area (currently a Master's student myself, so trying to multi-task getting my M.A. and real estate investing) an...