Steven Scott
Tenants using Rooms for storage
I had 3 tenants sharing an apartment unit. One of the tenants recently moved out. The remaining 2 had a storage unit that they had kept for years. When the 1 moved out the remaining 2 must have emptied their storag...
Daniel Kotowski
Basis for depreciation when moving a home I own to rental status
I purchased a home about 5 years ago for $365,000 and today the home is worth $650,000. I'm buying another home and renting out this one. Will my depreciation be based on the purchase price or what it is worth now?
Brett Shank
New Mexico Buyer-Broker Agreement - Form 1206
Hi All,Are Buyer-Broker Agreements customary in Albuquerque? I was just provided a Form 1206 to review, which has language for an exclusive use of a particular agent for a period of one year, as well as a commitment ...
Douglas Pollock
Roof leaking: Should I call the insurance company...
Should I contact the insurance company? I just received a call from my PM. The tenants reported a roof leak and it’s still raining. The PM recommends I call the insurance company tonight if possible. ...
Derwin Villanueva
Selling rental to children for 1031 exchange
Aloha BP'rs,My wife and I have our son and his family in our rental, which he wants to stay in, and we want to do a 1031 exchange into higher performing assets. The home here on O'ahu has a FMV of about $900k~, a $405...
Zoey W.
Confused about how this would be taxed? (if house was bought with money donated...)
Let's say someone bought a primary residence for 300k but 100% of the down payment was using money that was donated to the person by their parents and that this donated money was large enough to make an all cash offer...
Travis C.
Short term rental sale valuation
I'm sure this has been discussed ad nauseum on here but are Airbnb / STRs valued differently during a property sale if they are performing cash flow-wise? Or you guys that have sold them just go with market valuations...
Michael R.
Located property on my own-realtor wants commission
I have a deal worked out with a seller of a property that I located via my direct mail campaign. Then this realtor calls me claiming the property was listed with him and I have to go though him to purchase it. Now I...
Eric Telese
Property Management Fees & Their Place in My Analysis
Hi BP community,I have always accounted for 10% property management when analyzing deals. I have learned this through @Brandon Turner webinars, podcasts, etc.Now that I have seen other fees involved with hiring a prop...
Reginald Willhite
CA Business Entity Qs: SDIRA Investing vs. Cashflow Portfolio
Hi All!I'm new to BP and so far love the environment. Had a quick question about business entity formation in California. I'm currently in the very early stages of trying to roll an old 401k into an SDIRA and use the ...