Jeff V.
Showing Equity on Balance Sheet BRRR Strategy
This question is to those accounting/bookkeepers out there.Lets say I purchase a property for 30k and put another 30k in repairs/holding costs for an all in cost of 60k. The property is now worth 110k and I'll be hol...
Chris Pasternak
55k property - buy and hold - cashflow
Hello guys.
I have just finished looking at a duplex that is fully rented. Both units are 2 bed/1 bath and rent for 540.00 each. The property is listed at 62k, however, the owner has already told me he woul...
Chris Martin
Simple depreciation explaination
This was taken from a PM to a colleague.... After writing it up, I figured I'd put it here for your entertainment;) About the tax comment in my post...This is a simple example. The numbers are to show the point. Don't...
Shawn Connors
Trying to Figure Out My Best Move...
Hey BP,So I met with a seller today about a property in my target area. The house is in an "A"class neighborhood with an "A" class schools. Here is the gist...They bought it back in 2006 for 350k. They were skeptic...
Mike Mariotti
"List Stacking" to find sellers? Need some help
Hey Everyone,I’m hoping you all can help me get my head around the idea of “stacking list” to find motivated sellers. I haven’t done a wholesale deal yet but am marketing consistently. As I continue to spend money o...
Nathan Seltzer
Visualizing data on comparables?
My wife and I just closed on our first home, which is a duplex in the San Antonio area. We'll be househacking and renting out the other side for about a year to satisfy the terms of our mortgage. In about one year, we...
Roy Mitle
K1 challenges on syndication
I invested 50K in a syndicate. They used cost seggregation and put 50K as losses in year 1. This showed up in box2 of K1. My CPA put that as loss in my tax return and carried it over.Next year they sold the property ...
Cameron Enger
First timer
Hello,
So I'm trying to get into real estate investing and have a house in mind. The owner is older and just wants out and is taking $50,000 for a $100,000 non rehabbed home. Ideally I'd like to get this home for re...
John Slipski
Duplex under contract
Hi all,
I am in need of some advice. I have a duplex under contract in a great neighborhood in Boardman Ohio. It has some differed maintenance but is fully rented. Both units are 3 bed 1 bath and each has its own seg...
Anthony Fontana
Bad Debt and Credit Loss
When underwriting a commercial property, what is an example of bad debt and what is an example of credit loss (how does this differ from vacancy loss)?Thanks