Michael J. Finnegan
Different means to close a deal - not using a conventional loan
I have been wanting to expand my rental property portfolio. I have found a few deals. I would like to invest into properties with 5 or more units. I don't have the capital to afford the downpayment for a conventional ...
Ashley Wilson
MF Case Study Update
A little over a year ago, I wrote a post that received over 10k views. Based on the popularity of the post, I thought it might be worth posting an update, especially because the outcome is quite ironic! Before, I get ...
Karen P.
Finally %100 fully Occupied!
Do you hear my sigh of relief? We purchased our first ever properties last March. An 11-unit apartment complex and a duplex sitting on the same property. The apartment had been what I call "ATM'd" to death. Almost ru...
Justin Hammerle
Have Interest Rates Finally Peaked?
The Fed increased its benchmark federal-funds rate again this Wednesday which will now range in the 5-5.25% representing a 16-year high. Some economists are claiming that this raise was already priced into current mo...
Nobuko Morgan
Expenses to write off?
I have recently bought an really old house and my husband who is contractor has been working on the house.We are planning to live in and sell after 2 years.I wonder if any expenses can be written off. Any comments or...
Jennifer Mattek
How to defer/avoid capital gains when selling a duplex
Hello, Our CPA told us today that:
- Based on a selling price of $215,000, I am calculating a gain on the sale of the property of about $127,500. This amount of gain creates approximately $24,500 of additional feder...
Ben Morrow
Wears Valley 4 Bedroom Annual Net
Is there much difference in revenue for a 4 Bedroom cabin in Wears Valley vs Pigeon Forge/Gatlinburg? I would think based on the location and the extra drive time it will bring in less revenue but I’m curious if anyon...
Mario Mormile
Forming a Networking Group in Geauga County
Greetings BP family!I am forming a business networking group in Geauga County that will meet on a regular basis. This is not a real estate networking group. However, we are looking for skilled, dependable, and profess...
Chadwick Hill
RV Park - FMV of Property Management
Hey all! I have 50/50 ownership with a relative RE agent who is managing the RV Park and we are trying to determine the FMV of her services. The RV park is 30 spaces, no amenities (pool, etc.) and most of the tenants ...
David S.
Mixed Flooring in Open Design
I plan to remove a wall and install a beam between the kitchen (11x18) and living room (11x15) in order to open things up. The living room has oak flooring and the kitchen has vinyl that I will replace. We are think...