Lauryn Meadows
Qualified Opportunity Zones
Is anyone utilizing this for the 2018 tax year? I cashed out my 401k and my husband cashed out 50% of his annuity in April of 2018. We bought a mixed portfolio 8 units (bought 4 properties on same note) in May. Is thi...
Julio Gonzalez
Example of Cost Segregation Study on Single Family Home in Miami
Without a Cost Segregation Study, this $595,685 Single Home in Miami, Florida purchased in 2020 would have generated first-year depreciation of approximately $22,000. By applying a Cost Segregation Study, the prop...
Adam L.
How to do taxes for LLC created to buy "limited partner" shares?
So I and 2 friends created a TX LLC for the purpose of meeting a $100k minimum to join as Limited Partners of an LLC that bought a multi-million dollar, 200 unit apartment complex in Atlanta Georgia. We did this in F...
Marian Fine Frueh
Bookkeeping Question - How to record a property purchase
Dear BP community,Perhaps this is a basic and easy question, but I am not an experienced bookkeeper. I understand debits and credits and income statement accounts vs. balance sheet accounts. But I am new to real est...
Andy Mirza
Foreclosure & Moratorium Updates
In our experience, most of the states that we have loans & REOs in have gone back to normal operations for foreclosures & evictions.These are TX, TN, VA, NV, & WI.The exceptions are:California - courts hav...
Brandon Yuan
Legal budget for small apartment acquisition
How much is a reasonable budget for legal cost for small apartment acquisition (20 to 30 units)? Activities may include review/revise contract (any special language addendum outside of standard TAR contract), review t...
N/A N/A
Purchase Options
Hello everyone,
I am brand new to this forum and happy to be a part of it.
I'm a freelance copywriter -- looking to start my second business as a real estate investor. In the past I've worked for building rehabbers....
Jake Andronico
Reverse 1031 Exchange - Who has done one?
I have a client in Reno doing two reverse 1031 exchanges and we've been able to secure some great deals putting out some cash offers (both weren't even countered). I'm curious, has anyone else done a reverse 1031 exch...
Chris Montes
What do I need to know before refinancing?
Anyone taking advantage of these rates and refinancing? My current rate on my FA is 3.75% but im paying $223.51 MIP.My lender's current rate on conventional loans is 3.25%. If I refinanced my rate would go down 50 bas...
Clayton Coombs
Replacement Cost vs Actual Cash Value
I have 5 rental properties & typically have 2-4 properties that I'm flipping at any given time. Of course the all have insurance but every time they ask if I would like to insure for replacement cost or actual cas...