Joe Boggin
ever buy from a wholesaler?
philadelphia based wholesaler is trying to sell me a property he obtained via sheriff sale in philadephia. the property is vacant and pretty much a shell. the numbers work so im a little interested. the wholesale...
Fredie Robinson
Looking for real estate CPA
Hello fellow BPer's! I'm looking for suggestions on a great CPA that specializes in real estate. I recently bought my first rental but plan to own a lot more over the years. I am currently investing in the Louisville,...
Bobby Kolev
Commercial lease below market price - pros and cons
Hi everyone, looking for your thoughts on a subject I am sure many small retail landlord are pondering one form or another.I consider allowing a tenant in on a month-to-month basis from April til December at 50% norma...
Jonathan Napper
Vacation Cabin. Lease Option. 1st Deal. Deal? $302 per month
Like everyone else I have been looking, connecting, negotiating and I think I may have found one that will work. The fact that this property is a Class A property located in the most visited National Park is just icin...
Jorge Abreu
Determining your in-place expenses 🫰
A property's operating expenses are those that it incurs on a monthly or annual basis and are considered regular and continuing. Expenses like this include things like property taxes, insurance, maintenance, administr...
Susan Carman
Does REO Properties = No Liens on the Property?
Hello BP Peeps,Can someone please clarify, if REO Properties mean the bank has removed all Liens and/or money due on the property?Or does it simply mean the property did not sell at auction and the bank still owns th...
Benjamin Vail
Buy, Renovate, Airbnb, Refinance (or sell to the right offer).
Investment Info:
Single-family residence buy & hold investment in Columbus.
Purchase price: $202,000
Cash invested: $7,000
Sale price: $251,000
Buy, (light) Renovation, Rent (Airbnb and STR),...
Christina Cryer
Which LLC for Bank Accounts - Holding or Operating or Both?
Hi- I am just starting out and plan on using the Profit First banking method. For my first property I will open five bank accounts. Three of these will be for the entire business (when I eventually have more STRs) and...
Bill Exeter
IRS Issues Guidance on 1031 Exchange of Vacation Homes and S
The Internal Revenue Service has finally issued guidance to help taxpayers understand when a vacation home or a second home may qualify for 1031 exchange treatment.
Revenue Procedure 2008-16
The IRS issued Revenue ...
Daniel Green
Wears Valley- Financials
I'm in in contract on a 10 acre property off of Wears Valley Road. There are 2 studio cabins and one duplex on the property. I was provided financials for one cabin (I have the other one and they are similar in reve...