Joel Oh
After 1 year of STR journey
Today is my exact 1 year of STR journey and I finally hit the $75,000 mark for 2023! It was a long journey but I learned so much. I invested around $75,000 so I made over 100% cash on cash return.Next year's goal is $...
Tim Lee
Rehab or none for taxes
If the cash on cash return is the same for 2 properties on the market, but one needs rehab and the other does not, which is better for tax purposes (deductions, depreciation)? Sorry if this is a very basic tax questi...
Joe Sampson
How to calculate "purchase price" of a BRRR? Depreciation?
I'm going to be getting my money out of my first BRRR this week & am hoping to have the next under contract this afternoon.
My question is how does one calculate the "purchase price" for the BRRR and if we have a...
Charles Hinson
Sales Tax on proceeds of sale?
Hi folks,I'm working on a Flip (my 1st property) with a JV Partner in Albuquerque, NM. I'm having a discussion with my accountant at the moment about sales tax. He's my personal accountant who I'm trying to convert ...
Brent Zande
Do-It-Yourself or Don't?
I get it – the pandemic has triggered a surge in Do-It-Yourself home improvement projects since everyone has extra time at home these days. In fact, consumer surveys by the Home Improvement Research Institute show tha...
Joseph Borges
Fix & Flip organization & workflow
Hello BP,
I've flipped about 20 houses in the past 24 months, I'm a big picture person and not organized like I would like to be and I usually have 2 or 3 houses I'm working on at once. I would like some help/suggest...
Evan Hauler
Tenant want to hire and pay for a plumber themselves
Hello, I just bought, my first ever property/home (woo), and there is an existing in the lower unit. And they have reported a slow clog in their bathtub, the thing is they offered to hire a plumber and pay for it them...
Dylan Brown
Syndication Tax Benefits
I've recently began exploring the idea of apartment syndication investing as I currently work 80-100 hours a week at my full-time job. I am wondering how the tax benefits work for syndication investors and if they are...
Otto Kinn
How I Hacked My Main Street
Let me first entice you with my story. (If you don't care, just read THE PACED LOAN PROGRAM and HERE ARE THE NUMBERS)WHAT MAKES ME SPECIALNothing!! I have no college degree, and when I was first living on my own, I sa...
Mike McKinzie
Stimulus
L.A.: $111M in Stimulus Saved Just 55 Jobs
More than a year after Congress approved $800 billion in stimulus funds, the Los Angeles City Controller has released a 40-page report on how the city spent its share, and t...