Shea Spinelli
Deduct or Capitalize - Placed in Service Exception
Hey BP Members, quick question. We purchased 12 units in July 2017. In November 2017 we added an additional unit. Wouldn't we qualify for the exception @Brandon Hall discussed as Myth #5 in his article '7 Common Myth...
Nick Garcia
Illegal Garden Unit in Chicago (want to make legal)
Hey there, I have a property under contract that has an illegal garden unit (only 1 egress) but when I submitted it to the city website it was approved for an additional ADU. Given I’d like to rent this unit out, what...
Brandon Brown
Rough estimate to upgrade to 400 amp service
I am considering switching to a heat pump with an electric heat strip for supplemental heating in our two-flat building, with plans to add a third unit in the future. Currently, we have a 200-amp service to the buildi...
Neera Melwani
Insurance Coverage Issues w/ LLCs
Has anyone come across any issues with insurance being enforceable if they transfer over a property from a personal name to LLC with a loan on it? I'm aware of the risks and implications of the due on sale clause, but...
Tom Shallcross
Found out LendingHome is still lending on Acquisitions
Just sharing as I saw a couple posts in regards to "who's still lending?" For context, last week LendingHome tacked on a 4,000 service fee (which on a 100k loan is an additional 4 points on top of the 1-2 points you'...
Nick Zocher
Permits/Licences Needed To Wholesale
Hi all,I am in the process of creating an LLC for my wholesaling biz. LegalZoom added a $75 "Business License Package" service to my package.The service says it will research if there are additional local, state and f...
Gregory Jackson
CPA - Researching Cost Segregation to Offer as a Service
Finally, my first post - As noted in the title, I am an Ohio-licensed CPA investigating whether I could offer a cost segregation service. As part of my due diligence in entering this market, I am looking for excellen...
Tyler Davis
Lawn Care & Snow Removal in Rental
Hello all!
I was wondering for your rental properties do you have your tenant's maintain the lawn in the summer and shovel snow/apply salt in winter?
If so, do you offer a discount if the tenant maintains or just ...
Christine Swaidan
Dangerous Breeds as Service Animals--California
Where the heck are all those pit bull type animals living? My insurance company doesn't allow me to rent to people with these dogs but they are all over the place. My real question: Perspective tenant has service ani...
Nick Zocher
LLC LegalZoom Additional Licenses?
Hi all,I am in the process of creating an LLC for my wholesaling biz. LegalZoom added a $75 "Business License Package" service to my package.The service says it will research if there are additional local, state and f...