How does depreciation work as a tax benefit to offset taxes due on other income sources? Is it better to have a more expensive property (for rentals) in order to create more depreciation...or several properties? Tha...
I’ve come across an interesting opportunity and I’m wondering how best to handle it.I’m looking at a 5 bed 2 bath split level home that’s currently separated as an up and down duplex listed for $400,000. What’s intere...
Hi everyone - I'm in the development process for a 1-acre 4-home construction project in downtown Greenville, SC. It's a booming market and it seems tough to get the big guys to do civil work on a small project like t...
Hi all, hope everyone is doing well.I am a small multifamily landlord based in Toronto, Canada. Recently one of my tenants asked me if she can hire a contractor to renovate the washroom tiles as she wants to make it l...
Good afternoon BPers,
I am looking through the list I purchased from Listsource and there are a lot more condos than anything else. I did not expect to see so many and I am a little concerned about this. This questio...
My family owns 12 acres of land in Camden North Carolina.After knocking the trees down, what should be the next step to creating passive income for the family ? As a family should we develop an LLC ?Also:I was thinkin...
HI All, I tried to ask a similar question few days ago, but I didn't explain my question clearly, so I am trying again. I got various answer on should I set up a LLC for the SFH I am developing or not. The property wi...
What is the average cost of a demolition crew? If we are flipping a 3 story, 1,500sq. ft. per story home and we plan to remove EVERYTHING, what would that cost?This home used to be a tri-plex so there are several outs...
I'll divide this post into two parts: Cash Reserves and Self-Directed IRA.
CASH RESERVES
I realize every lender is different, as is every investor. My question is how much cash reserves - after down paymen...
My brother and I are embarking upon a RE business, initially fix n flips to grow the cash base, with the view to buy and hold down the line.He is based in the UK and will be supplying the capital(his) to finance the p...