Ryan Lamanna
Buys hosue to get depreciation and remodel in following year
We found a house we’d like to purchase to rent but we’re not confident that we could get top rent in its current condition. Regardless it could be ready and available to rent by year end. Can we cost seg and take bonu...
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taxes on a rehab or flip
I am interested in getting into flipping or rehabs. I read a lot of posts by r2d2 up in Canada, but one thind I havent heard info on was lets say I buy the home for $150,000 and I put about $10k into it (just making t...
Robert Walden
How much does lack of eating space deduct from ARV?
I'm looking at a nice 1,200 sqft 3-Bdrm SFH in the Scott park area; decent street, newly-renovated, walking distance to the university. However, it doesn't have a DR. It essentially has just a decent-sized "working" k...
Kevin Trumbull
Do I have to have a company to write off travel expenses?
I'm a new to-be real estate investor and I was wondering if I will be able to write off travel expenses if I do not own a company.For example, I'm looking at purchasing a property outside my local market. I do not cu...
Tavis Stice
Setting house rules when you have roommates
Needing a little guidance. I partnered with my son to purchase a house hack for my son while he attends college. We found a good house with 5 bedrooms about 10 minutes away from his university. Financially, it’s wor...
Diva Rescia
multi family lenders for out of state deals
I am looking to purchase a 20 unit deal out of state. I currently live in CA, but looking to invest in a different state. Other than speaking with a mortgage broker, almost all the local lenders (commercial) mention...
Ryan Johnston
Proof of Funds vs Pre-Qualify for House Flipping
I'm looking to get my funding for future house flips and I'm planning on going through a hard money lender for my first deal. I'm starting to inquire about some of these loans and I'm curious as to what's more powerfu...
Mitch Black
Self-directed IRA for BRRRR question with example
If I use a self-directed IRA to purchase a property for a BRRRR, can I refi the property using a conventional loan and pay the IRA back?Example:I Buy full-cash for property X using 60K from my self-directed IRA.I Reha...
Antony Nguyen
cash purchase, then refinance on mobile home that has space rent?
Hi Everyone ,I am wondering what the likelihood of getting a conventional cash-out refinance loan on a mobile home (manufactured home) would be if I purchased it with cash. The sticking point is that the mobile homes...
Richard Prillerman
How much passive income would be enough to make you happy?
Just out of curiosity, how much monthly passive income would be enough to make you happy?