My business partner and I are looking at a few multi-family new builds in Platte City, MO, and we are wondering if you should still use the 50% rule on expenses if its a new build....????
I purchased a 40,000sq ft sports facility that does not have a/c. The building was built in 1996. Quality heavy steel frame construction. 20’ at the low side and 25’ at the peak. It has typical fiberglass insulatio...
Hi Y'all,I am 23 and been working a 9-5 for a few years now. I have managed to save about $20,000 and I do have friends and family that would like to "invest in me" as well. I would LOVE nothing more than to quit my ...
My business partner and I have been working for 3 years saving up money to make our first down payment on a Real Estate Investment. I have been working as an electrician and my partner has been working construction. ...
Hi,I immediately called the management office after seeing $2000 fines on the monthly bill. They said 2 notices were mailed to my apartment, but I didn't get any of them.On the first notice:1. Tenant moved in without ...
I know that depreciation deductions are spread out over the “useful life” of a property. The IRS allows an owner to depreciate the value of the home over a 27.5 year period. Depreciation is calculated with this formul...
Hello Fellow BP'ersI'm looking to purchase either mutli-family units or a SFR to convert to assisted living facilities for the disabled or pregnant mothers to be that need a temporary home. I understand there are vari...
Good afternoon everyone! I would love it if people could give me some advice or poke some holes in the plan I have laid out for myself.BACKGROUNDUnder contract for 2 lots across the street from each other in Colorado ...
Hey all, so I received my first call as a result of driving for dollars. I returned his call and have plans to speak tomorrow. He did give me his address so I've been researching options. I probably getting overly e...
I'm just curious about buying and holding properties while renting them out. In most everywhere in the US, you cannot rent a property for at least 1% of the value. In Denver, you can buy a $400k property and get no ...