Christopher Erwin
Full Financials of My 1st Midwest Duplex - 9.5% CoC Baseline
Hey BP community, I recently acquired my 1st Midwest Duplex. Below I provide full transparency into the financials and bid process, plus some key learnings. Documenting the acquisition process helps me best retain eve...
Chris Henderson
Conforming Loan Limit Increase for 2018
Good morning BPers...Beginning in 2018, the conforming loan limit is set to increase about 6.8% from $424,100. It should be noted this indicates a heating aggregated US market. (although I live in the Austin area and ...
Ayo Odusanya
Primary Conversion, Depreciation Questions
Good morning,
I'm just about to convert a property from a primary to a rental and i had a few questions regarding deprecation.
I purchased the home in 2019 for 295K, and it is now worth $450K. I plan to do a quit c...
Mike Maruska
Capital gains avoidance-only if I die and pass to kid?
So 270k baseline in 2000 condo . Rented in year 20 (2021 ) @2350 mo-
I have what account calls "saved" credits on depreciation of 50-75k due to income exceeding 150k annual .
I /(accountant) depreciated my $270,000 ...
James Kojo
Underwriting Capex and Repairs with actuals
I'm looking at a smaller deal where the financial statements are not well-specified. It's a mom + pop owner-operator situation.For instance, it looks like they may have put large capex expenses under "repairs." I see ...
Aaron Lemoine
Baseline Costs for San Antonio Area-Materials and Labor-Thank You
Hi BP community. I am trying to get a list of baseline costs for materials and labor here in San Antonio. Does anyone have a chart/information on costs for:
Lumber-HVAC-Roofs-Electrical materials-Labor
Any help woul...
Sainath Muntha
What banking products do you use to manage multiple accounts within your portfolio?
Hello Investors!
I am looking for advice and your experiences on which bank you use for your real estate investments?
Here is my situation:
I open an LLC for each of my investment properties and for each LLC I need...
Sainath Muntha
Which Bank do you use to open multiple accounts for each LLC in your portfolio
Hello BRRRR Investors!I am looking for advice and your experiences on which bank you use for your real estate investments?Here is my situation:I open an LLC for each of my investment properties and for each LLC I need...
Jennifer Roberts
Key Check/Furnished Finder experience
I have just listed my 1st MTR on line today! I had LTR in the past but used management company b/c I was out of state. I see where others recommend listings on FF, AirBnB, Zillow, etc. My questions are about companies...
N.A N.A.
Please read and reply. If this was your deal, how would you cover yourself?
I have a situation that I am in need of help. I want all opinions. Can you please tell me what your thoughts are on my situation? This is my deal and I am not working on it for a client. I'm in need of verbiage for a ...