Hi BP, What are the advantages/disadvantages of buying a note versus buying a turnkey (or vice versa) in terms of cash on cash return, depreciation, deductions etc.? How much depreciation do I get from 1 property/year...
Hello, I would appreciate your input on the following issue- We have a rental house in AZ in which the roof started leaking at several places. It is not that old of a home (1999) but we are told that the tiles either...
I am moving out of my residence and will be renting it out. The dishwasher died, and I'd like to be able to treat the replacement as a business expense and get the tax advantage. I don't mind washing dishes by hand ...
New York State Multifamily buildings (5+) can take advantage of NYSERDA’s Multifamily Performance Program (MPP) provides incentives from $700-$3,500 per unit for affordable multifamily property owners and managers to ...
I know it's dangerous to generalize, but it would be interesting to know what the BiggerPocket community thinks of the recent survey by Action.com that was posted in Appraiser News Online that states that real estate...
What is a Cost Segregation Study & How Does it Work?
Cost Segregation is a commonly used strategic tax planning tool that allows companies and individuals who have constructed, purchased, expanded or remodeled an...
I have an opportunity to invest in a buy-and-hold project with a contractor whose work and track record I know well. I'm closing on the sale of one of my investment properties and I'm trying to figure out if there's ...
I am wrestling with putting in plumbing, vents and stack units for a two flat with garden unit. I estimate I can get an extra $150 to $200 per month for each unit, but I also want to add central air and I am thinking ...
Hey BP,
I'm a newbie and I keep hearing the term "systems". What are your favorite systems to use to keep your properties organized and productive?
Thanks!
Investment Info:
Large multi-family (5+ units) buy & hold investment in El Paso.
Purchase price: $1,656,000
Sale price: $2,450,000
Contributors:
Vince Gethings
This was a 48 unit ...