Sheena Varghese
Flip taking longer than a year and tax implications
Hello,My current flip will take longer than a year, about 18 months. Can I still deduct all renovation costs from the profit in regards to paying taxes on the profit. I have all cash in the property and for renovati...
Jaden Ghylin
Rochester, MN MHP Deal Analysis: 215 pads, 59% Occ
All, I've been poring over the numbers for a park just north of Rochester, MN and would like some other perspectives. The park is Oronoco Estates, and I'm guessing a few of you have looked this one over already. I l...
Marcus Johnson
1031 exchange
I'm about to buy a property that is a short sale. My question is that I'm still debating whether or not to buy and hold or to flip the home. I already have the math figured out on both ideas, but my question is...
Gary Thao
No Pets Fourplex and Tenant with companion dog
I own a Fourplex and occupy one of the units in Oregon. This is my only multifamily property. There is a "No Pets" policy which my tenants are aware. One of my tenants presented me with a Doctors note for a compani...
Christopher S.
Purchasing property with friends for personal use and rental
Hi everyone,First time poster here. I work as an attorney (in a field unrelated to real estate, unfortunately) and plan to purchase property in the coming months with two long-time friends, one who manages his parents...
Kurt Zarwell
Cost basis of owner-occupied duplex with improvements
Hello, I am trying to confirm how the IRS requires me to calculate the cost basis of an owner-occupied duplex for calculating my capital gains. I think I know the answer, but I am also hoping I am wrong because it doe...
Marc S.
Syndication deal presented to me
Morning BP community.
I was presented with a Syndication opportunity. I am fairly "green" in this type of investments and I am still in the process of investing in my first owed RE property. I have done a decent ...
David Wilson
I need to make a decision today on this deal. Please advise.
I have a house that I put in a cash offer in on for 60k. It's a short sale and they countered at 65k. The house is in a solid B area. It needs a little bit of work no more than 10 K to get it looking great. The houses...
Rick Fowler
flip won't sell - backup strategies
I'm looking for advice on what to do with my flip that won't sell. It's 1375 Locust St, Denver. Because of extra rehab and holding, I'm getting close to my breakeven, so I'm looking for my best options. Here's wha...
Ryan Fatula
What type of return can I expect from adding new windows??
We have a new project we are starting and it's in a great location. We know what we need to do inside and that it needs new electrical and plumbing among other things. The house is 60 years old and the windows are lik...