Cheryl Frangipane
1st fix and flip, a lot of what not to do
Investment Info:
Single-family residence fix & flip investment in Ellijay.
Purchase price: $69,500
Cash invested: $110,000
Sale price: $130,000
I also received a 3/2 house in town that I rent...
Jason Fiet
Numbers for a 2 family rental.
BP gang,So, we haven't been able to secure a flip but have seen some OK rental deals. I'm currently looking at a 2 family in a decent part of the neighborhood in Amsterdam NY. I see the breakdown like this:55K purchas...
Tamas Z.
How to determine cost basis (for depreciation)
Hello,I have a newly-purchased residential rental property, and I'm just now setting up my financial tracking for it.What's the correct number to use as the original cost basis, for depreciation purposes? I'll be spli...
Stephanie Medellin
HUD home with double lot, but one lot not transferred.
I came across a HUD home for sale, and then looked up the property history in the MLS. The last listing said that the property had a double lot with 2 separate deeds, and the vacant lot was build-able. I then resear...
Douglas Dueno
Depreciate Household Appliances without Receipt
Hi BP community,
I recently bought my first property, which is a condominium (and will be used as a rental property). Seller has replaced old carpeting with new, new vinyl, all interiors with fresh coat of paint as ...
Nate Morris
Tax Efficient Vacation Rental Question
There is a turnkey vacation rental in Hawaii I am looking to buy. The home includes furniture and a passenger vehicle. The deal may require the vehicle+furnature be transacted outside escrow. Do I maximize the value ...
Mark Barnes
Does the 50% Rule include Property Management Fees
Hello BP, I'm curious if you could provide some insight into the 50% rule. More specifically, does this rule of thumb include property management fees or would those be additional?
Thanks in advance!
John Mageropoulos
[Calc Review] first rental, help me analyze this deal
View report*This link comes directly from our calculators, based on information input by the member who posted.Hi there. My first post and first request for deal analysis help. I am looking at my firs...
Tyler Veres
Extra! Extra! Lot!
Good Day BP'ers!I am looking for some opinions on this deal that I am looking to go through with. Basically, the house I am looking to buy includes a separate lot in behind that fronts onto the parallel street. The ...
Jon Passow
[Calc Review] Help me analyze this deal
View report*This link comes directly from our calculators, based on information input by the member who posted.This is my first deal I'm analyzing and I'm not 100% sure I did it right. Would love some...