BP!!
I have 2 condos, both loans from 2 different banks with PMI on both. Curious if any bank would loan me 1 lump sum to pay off both loans at a lower or equal rate. I would not have to pay PMI, I can pay 1 lende...
You may hear cost segregation and think faster depreciation, but did you know that there are also benefits to having a cost segregation study done if an asset gets damaged?Let me explain.Let’s say you bought a buildin...
Good morning BPer's. I'm an investor and entrepreneur based in NH. Currently I have 5 investment properties with 7 units - all acquired in 2015. These were a mix of moderate to severely distressed properties which re...
So after a recent call w our amazing accountant he said something that hit me hard. he said after 40 years w his clients he's observed that its easy to get into real estate investing and much harder to exit real esta...
Say if we had a short term rental in Hawaii and were using a property manager to manage it for us which cost us ~$200/month. And we had to replace a dishwasher for $500 in 2021. Would the $2400 ($200 * 12) + $500 = $2...
I am changing the payment frequency and due dates for a tenant at their request and I am trying to determine if I should use a lease amendment or a new lease. They are currently month to month.
I think the advantage...
Friends,2022: We purchased, rehabbed and rented a property in 2022.2023: We plan to 1031 exchange this subject property this year (2023) into another rental that will also be a value add.Question is: Do the cost seg f...
I have recently set up and LLC and am going to be buying 2-3 rentals withing the next 6 months. I currently have none as I have sold the single duplex I had. I am wondering what, if any drawback would be of buying the...
Hey all,
I recently came across a lender that will do a Blanket Loan under 500k (several properties in one cash-out refinance mortgage) on an existing cash portfolio owned by my Syndicate (LLC). Does anyone have an...
Hi fellow investors -
I recently conducted two cost segregation studies on my rental properties. I am self-filing my taxes through TurboTax (extension in Texas due to ice storm) yet I can't seem to locate where or h...