Matthew Roberts
Expenses for Multi-Family Properties
Is there a resource on BP with a list of all the expenses a multi-family owner can expect? Taxes, all the different insurance types, maintenance, etc... I have what I think to be at least 95% of the expenses covered, ...
Tomoko Hale
A possible first STR property?
I have been looking for an STR property and may have found one at a distance. The property is located in a mid-size city with several attractions nearby.
I understand that management fees can vary by location, but th...
Robert Borer
SD-IRA Tax Handling for Investing in Single-Member LLC
Greeting BP RE tax gurus:I've received a notice from my SD-IRA custodian to report the fair market value of my "investment". I invested in a Single-Member LLC, of which I am the "Single-Member". The single-member LL...
Steve S.
How should I determine what to pay brother and sister-in-law help
As part of building my team, my brother and sister in law live in the area where the rentals i'm acquiring are. They will be doing odds and ends types of things to help prep the house for rental. Things like:- Paint...
Rachel H.
Reimburse Tenant for Furniture Anchors?
I have a tenant in Portland, OR in a house that needs the carpet restretched. During restretching, we may need to move some of the tenant’s furniture, though we will work around it if we can. This tenant has a 9-month...
Nazz Wang
8 Unit Building, how much would you offer?
Turn key building from long time owner of 26 years, here are the numbers I have verified. Class B+ neighborhood. How much would you offer? # Description(All Figures are Annual) Monthly Annual Amount ...
Mark S.
Renting to Mom - Tax Strategy
Mom is getting older and it likely makes sense for her to move out of her house. She is retired and her income is low. I'm exploring the possibility of buying a house and "renting" to her. Trying to figure out the ...
Kyun Ryo
Triplex with 2 owners, one unit owner occupied. What's fair?
So my brother and I bought a triplex last year, with me owning an undivided 2/3 interest and my brother 1/3. We were splitting the aggregated rental income and expenses just fine but now I moved into one of the units...
Kurt Zarwell
Cost basis of owner-occupied duplex with improvements
Hello, I am trying to confirm how the IRS requires me to calculate the cost basis of an owner-occupied duplex for calculating my capital gains. I think I know the answer, but I am also hoping I am wrong because it doe...
Michael Willis
Fair Valuation of MHP
I have come across a 60 spot MHP off market of interest to me. I could use feedback on true value. I have come across several ways to valuate and not sure where this lies or which way is best to valuate. Of note is...