Daniel Sisto
Lowes, Home Depot Sales Tax Exemption on Materials
Whats up BP???Looking to see if any house flippers have tried to file for sales tax exemption through there business at Lowes , Home Depot or any other big box store?While I was in Lowes the other day one of the empl...
Eric Johnson
Rehab Question - Allocation of Funds
Greetings BP members,I'm looking to purchase a property and rehab it to flip. My question, is there a rule of thumb about how the funds should be paid out to the contractor? For example, if a contractor gave me a qu...
Kimberly Smith
Advice on loans using a gift of equity on an investment property
Good evening everyone! I am looking for some advice on a loan using a gift of equity. Unfortunately my father's home will be going into foreclosure in 2 weeks and all attempted options for him to keep his house are no...
Robin Olivaw
Terminology for describing the individual components of property
Hello,
Is there a common terminology established among the real estate professionals for describing the individual components of a real estate property – like entry, rooms, yard, attic, exterior structure, etc. How w...
Josh Kroll
MACRS Depreciation for Manufactured Homes not anchored to land
I would greatly appreciate if someone could let me know the correct # of MACRS depreciation years that a manufactured home not anchored to land (e.g. sitting on leased land). Specific links or references to IRS public...
Neil Cronkrite
What cash on cash would you accept for a low IRR?
I've been underwriting deals this week where cash on cash exceeds 12%, but the IRR on a 5 year old is around 10%. This would be an absolute triple net lease outpatient surgical center. For those who have invested (or ...
Charlotte Dunford
Buying a self storage and mobile home hybrid park
Hi all. Do you typically stay away from hybrid parks? I've been looking at a self storage and mobile home hybrid park. Not sure how to exit when I sell. I was thinking maybe I can sell off the self storage first, and ...
Zack Thiesen
What is a Millage Rate? (Property Tax Question)
I'm doing a deep dive on PA property taxes and how they work in different areas and came across Dauphin County's millage rates one-sheet for 2020. There is a number in the end column labeled "TOTAL" and an example at ...
Douglas Holt
Real Estate Professional Status and material participation in new development hours?
I am looking to understand if development and construction hours for new multifamily project are eligible for material participation to earn real estate professional status the year it comes online.I have land and loo...
Dane Moreton
Captial Expenditures- 2023
Doing some research and analysis after reading some of the Bigger Pockets Rental Kit, specifically the Capital Expenditures section. The book was written around 2014. The author has the monthly capital expenditure cos...