Tory Sheffer
Cost Segregation Study for Taxes
We just completed taxes for 2020 and with cost segregation study for one property we were able to write off $640k in depreciation for 2020. We paid $1.97M for this property and closed in 4th Qtr 2020. With our structu...
Ken Rishel
Fair Housing Compliance - What are You Doing?
Apparently someone felt my post the other day was too political and it was removed. That does not change the fact that both retailers and community owners seriously need to address the changes in all of the Fair Housi...
Alan Caceres
Steps to pull the trigger on acquiring my first property
Hey all,I have to warn you all, this is a pretty long post and just wanted a disclaimer at the beginning for those not willing to read my ramblings. I'm primarily making this post to help solidify some concepts I've l...
Tina Opel
First Investment Property Analysis and Advice
I am looking into purchasing my first property ever and I want to make sure that I'm doing all of the math right before I decide to make an offer. It's a 4-unit property (3 residential and 1 commercial) and the asking...
Jim Bryson
Is it standard to pay a 3.5% up front Due Diligence Fee
I received a loan offer for a new retail center construction loan and they are requiring me to pay a 3.5% due diligence fee. Is that standard
Michael Klinger
Let's thread about Property Management...
Some thoughts that have been brewing...Back Story: I went from 0 to 64 apartments about 15 months ago (C class), as I 1031 exchanged from an owner/user office building in Los Angeles to remote control of Multi-Family...
Matt Moldenhauer
Rental Property Receipts, Tracking Expenses & CPA's
I'm curious to know how other people handle their receipts with their CPA. This past season was the first time we claimed our first rental property on our taxes. We only had a few receipts to turn in to our CPA, so i ...
James Bordeaux
Pickle in a Fix and Flip
Hi Everyone,
So, I took the plunge. I bought a house (Tax Lien). Last year. 8 to 10 weeks to renovate, but I got road blocked with a redemption and lost about 2.5 months of work and holding costs. Then house gets bro...
Jonathan Stone
Leaping Hurdles to Close My First 2 4 Plexes 100 Miles From Home
BackgroundIn 2010 I bought a bank owned 3 bed 2.5 bath single family property using an FHA loan which required a 5% down payment. The purchase price was $73K so this equated to approximately $3,700 out of pocket. Dur...
Andrew Lee
Strategy Analysis - New Investor
Currently looking at the following scenario within the next 12 months. Any/all feedback, advice, help will be greatly appreciated!
Sell primary SFR which I pay $4,500/mo (PITI). Move into rental with a monthly budget...