Hannah Tate
Anyone Invested Internationally? Mexico?
All, I am looking for some advice from anyone who has had experience investing in short term vacation rentals internationally. I have a lot I have purchased in Cancun and am needing to submit plans for the constructio...
Lynn Z
wrapping closing costs in sales price
if buyer and seller agree to an increased sales price to assist the buyer with his closing costs, doesn't the seller wind up paying more capital gains on the increase? Is this something that benefits only the buyer?...
Marjorie Josaphat
Help! Is this a good deal?
Hi,
I am just starting out and learning to use the calculator. This deal was emailed to me. I need help and an understanding if this is a good deal. I put it through the calculator and appears that it is not, however...
Brandon Schlichter
Lost money on a flip in 2016, how does it impact taxes?
Bought a house mid 2015, did rehab work on it over several months, sold it in 2016 at a total loss of $25k or so.My question mostly is whether that loss can be depreciated or carried over several years, or has to be t...
Kaiston Terry
Is it worth Turning Duplex into Quadplex?
I have the opportunity to buy a duplex where both units have 2bed 1ba upstairs and 1bed 1ba downstairs. The downstairs has its own walkout basement, kitchen, living room, and thermostat.
Would it be better to meter t...
Robert Zajac
Questions/concerns about normal PM fees/expectations for Cleveland Ohio
Hello all! I am out of state investing in the Cleveland market and I have a property I'm looking to close on! As such I'm shopping around for property managers. I'm getting concerned because I know from all my BP read...
Steve Mcdonald
Builtin Coin laundry machine vs coin timer connected to machine
Hi All,I am deciding on washing machine with built in coin box or washing machine connected to coin timers.My concern was if the coinbox attached if the timer get over before the machine completes or if tenants put ex...
DS MokNgo
Accountant advise for foreign investor
Hi All,I am not a US resident and live in Australia. I have sold my US investment property in 2023. For Tax Return 2022, it is my first time I need to pay tax to IRS ($269). My accountant gave me instruction for payin...
Jameson Schwab
Reno area CPA/tax attorneys
Good morning BP Reno,Curious if anyone has leads on a CPA/tax attorney firm in the Reno area familiar with REI and the formations of LLC's. We currently house hack in our primary residence in California, and have a re...
Marian Smith
Accumulated depreciation question...Taxslayer
I just finished my taxes using Taxslayer, as I have done for a decade. I just noticed a column on a worksheet entitled “ statement of depreciation” for “accum deprec” and I expected the number to be the number of yea...