Taylor Thompson
Rule of Thumb in Colorado
I am new to real estate and know the steps to a BRRR but just wondering what rule of thumb do rehabbers uses for a standard top to bottom cosmetic renovation in CO. Thanks.
Brian Plajer
Rental Property Rules
Hello, Is anyone else struggling to find rental properties that meet the rental properties rules in Bigger pockets (50%, 70%, etc)? I am in Pennsylvania suburbs and the market is crazy right now. Every property I ent...
Lance Lvovsky
Tax extender bill passed - refund opportunities may exist
Congress, US Treasury, and the IRS have been involved in a flurry of activity at year end. Congress passed the Taxpayer Certainty and Disaster Tax Relief Act which is effectively a tax extender bill, and then also pas...
John C
Quick Question
Need some help analyzing a financial statement for an apartment complex. Just wondering if capital improvements should be part of the expenses (i.e. should they be deducted from gross income to arrive at NOI). In this...
Fabiola F.
My CPA & I are in a debate about how to categorize reno expenses
This is a case of where my accounting MBA background plus what I read online is in conflict with my CPA's knowledge. In filing my business returns (S-corp), my CPA seems to think that renovation expenses should go in...
Eric Coats
Cash Out Refi with a twist??
I have a LTR property under contract that needs more rehab than I want. . I planned on getting a conventional loan and putting 25% of the purchase price down. I asked after I rehab the property, can I do a cash out...
James Samsing
Energy Efficient Mortgages
Has anyone worked with a lender who has actually closed an FHA, VA or Conventional Energy Efficient Mortgage? Interested in flipping a home that would qualify based on HERS rating + energy savings and would like to pa...
John Davey
Can you deduct interest (primary house) from a home equity loan to buy a rental?
Id appreciate any help, as ex. if i take out say 100k home equity loan and use 50k each as down payments/cloing costs my understanding is i cant deduct the interest?However, if i would take 100k home equity on a renta...
Michael Baradell
Lease Option - Tenant/Buyer responsibility
Hey BP,I have been researching Lease Options and have been getting mixed reviews on who is responsible for maintenance on the property. Prior to doing research on lease options, I would have said that the Owner/Seller...
Uri E.
Cost segregation for the purpose of expediting depreciation (SFR)
Hello,
I buy, hold and rent out single family residences. Each new acquisition I then depreciate using a standard straight depreciation - total cost of land improvements. I recently learned that I could expedite some...