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How Should I Depreciate a Sewer Line on my Taxes?
I had a sewer line collapse in my duplex last fall - the old clay pipe collapsed, causing black water leakage into my basement and I called in Roto Rooter for an emergency containment and restoration since I had tenan...
Malik Javed
Special Depreciation Rules for Short-Term Rentals (STR) and Long-Term Rentals (LTR)
The most recent data show that record momentum continues for the residential rental industry especially for the short-term rental industry, with year-over-year bookings now exceeding pre-pandemic levels.
The complexi...
Melanie Baldridge
If you want to be a real estate pro, you need to understand the TERMS:
Here are a few definitions that you absolutely must know.
Bookmark this thread and use it as your cheat sheet for 2024.
Okay, let’s dive in:
Here are the terms that I’ll define in this thread:
-DEPRECIATION
-BO...
Saul Trejo
Roof repair expense or improvement??
Hello, I would appreciate your input on the following issue- We have a rental house in AZ in which the roof started leaking at several places. It is not that old of a home (1999) but we are told that the tiles either...
Kenny Colato
Does a BRRRR work out for a Newbie?
Hello Guys, I’m Kenny! Like many of you, I am very interested in Real Estate and had some questions towards this:How does a BRRRR sound for newbies? - I am currently thinking of starting my first deal as the BRRRR str...
Shawna WImpy
What defines a-class, b-class, c-class neighborhoods
I've read and heard the term a-b-c-class neighborhoods but unsure what generally defines each type? Is there a commonly used definition? Or set of common elements, such as local schools, distance to stores, distance...
Michael Evans
Using Leverage to Boose Returns and Shift Risk
We use leverage in our real estate deals. We've developed a deal management system that tells us how much leverage we can use and at what cost for the deal to be profitable. Our minimum leverage on flips is about 10...
Patrick Bross
AirBnB Host legal entity
I currently own and operate an AirBnB, but also manage another that I do NOT own. Does anyone have advice on how I should set up a legal entity, how I should ask the owner to pay me, etc? Considering both operations a...
Blake Doyle
Another guy from Los Angeles
Hi everyone,After a few weeks of podcasts & reading, I'm making my way here to the forums. Along with my introduction, I have a few questions for you BP frequenters.About me:Second year into film school, personal ...
Eric Johnson
Rehab Question - Allocation of Funds
Greetings BP members,I'm looking to purchase a property and rehab it to flip. My question, is there a rule of thumb about how the funds should be paid out to the contractor? For example, if a contractor gave me a qu...