Hello BP,I am just looking for some advice on my 2nd investment property. I have some potential equity in my primary residence and have some cash on hand as well. Currently house hacking my current home with two roomm...
Hey guys,
I talked with a builder earlier today about my desire to have him built some duplexes for me. I have around 350k liquid ready to deploy for buying land and securing a construction loan. He told me that he p...
My current accountant has apparently not been taking depreciation on my rental properties every year. I am a rank novice in this area. Just wondering whether there could be any strategic benefit to not taking the dep...
Is anyone here using a unit in their duplex, triplex or renting out areas of their SFH to Airbnb regularly? It's something I've been giving a lot of thought and I'm interested to know what the numbers are and how it's...
If you do a cost segregation study, and take the depreciation early, when you sell the property do you have to pay it back as depreciation recapture if you are doing a 1031 exchange? Scenario: I have two Airbnb’s I wa...
I am looking to take checkbook control of my past 401K and other retirement funds. I am looking to invest $125K with two other partners who plans on investing another $350k into a $800k property. The property is a s...
Hi there,
I am very new to this field but after five months of shopping, I am under a contract with SFH and got the inspection last week. I am already overwhelmed and need experienced investors' help.
The house ...
I'm curious.How many of you feel you are making a lasting impact in society?This is a question I think about on a daily basis, perhaps you do too.I am a non-profit worker and will most likely be for the rest of my lif...
The main benefit everyone's raves about, in regards to using an S Corp to flip properties, is being able to funnel some of the profits as "distributions" and limit self employment taxes.
However, in my situation my ...