Will Murphey
How much weight does a long term tenants have on yield?
I have 2 rental properties that have been rented by the same tenants for over 2 years. One set of tenants have been there for 33 months the other home/tenants for 28 months. I want to sell these two homes and I am t...
Bret Burton
Inaccurate appraisal for a refinance
I'm currently refinancing a property that I bought on an interest only loan with a 3 year balloon. The appraisal came back considereably below the market value of the property. The appraiser used comps that don't matc...
Dave G.
Sending a prospecting letter to the owner of a distressed property, tips wanted
Hi. I did some driving around an area I am interested in purchasing in. I found some distressed properties and hunted down the owners from the local city government. These properties are coming under fire from the D...
Julio Gonzalez
Mixed Use Property and Cost Segregation
Have you ever wondered if you’re paying too much in taxes? For buildings that are mixed-use meaning to have areas that qualify as both commercial and residential spaces, the tax law can be even more complex and confus...
Gregory Flores, Jr.
The Book on Flipping Houses Tips
I just downloaded The Book on Flipping Houses by J Scott, and wanted to know what others out there took away from the book.What passages really made something click in your head? Could you name one tip that helped you...
Eric Neal
Purchasing a property with IRA $ in Bloomfield, NM.
Hi, Everyone,I'm currently looking at picking up a rental property in San Juan County, New Mexico using a 40% down IRA Loan. My report can be found here:https://www.biggerpockets.com/calculators/shared/233005/5876b20e...
David Tower
Marketing house with unpermitted bed/bath
Hi folks,
I'm about to sell my home that I bought in 2009. It was originally a 3/1.5 raised ranch. In the finished lower level (all above ground) I added a bedroom and turned what was a crappy half bath in to a luxu...
Travis Watts
The Biden Tax Plan - Impact to Multifamily?
Curious to hear everyone's thoughts on the proposed tax plan from Biden and its impact on multifamily, or real estate in general. A couple highlights from the proposal:#1 Elimination of bonus depreciation
#2 Eliminat...
Kate McClinton
Looking for a Second Opinion from Tax Pros
I'm second guessing some answers my CPA gave me recently and wanted to run the following questions by others who specialize in real estate accounting. Thanks so much for your time!We purchased a house, listed it for ...
Jack Lee
Cashflow Taxation Problem
Hey guys, I have a question.
Hypothetical scenario:
SFR
$1000 NOI
$500 Service on a selling financing.
Cashflow = $500
Are you taxed on the $1000 NOI or on the $500 cashflow?