James R aduna
How to utilize Cost Segregation to your advantage
Hi BP Community,
I was hoping to get some feedback on the best ways I can utilize cost segregation for my taxes this year and if anyone has recommendations for a Real Estate Accountant in the Los Angeles area that ...
Ryan Ogilvie
Seller want to raise the purchase price. Can they?
I am/was under contract on a property in NJ and now the seller wants to raise the price. I guess we are technically out of contract because I haven't provided them a mortgage conformation by the deadline in our contra...
Mark Wareham
Credit Check Fallout
I own a “renovate and hold” duplex in FL that I just finished. I had a strong response to my ad with several very well qualified candidates competing. I ran a credit checks through RentPrep and after rejecting a high...
Jordan Greek
Appliances - pros and cons of providing
As renter, the units always had appliances. I never thought twice about it. Now as a landlord, I’m faced with a decision to provide appliances or let the renter provide them. To define appliances, my scenario calls fo...
Austin White
Short Term Rental Loophole and Alternative Minimum Tax Impact
Community - My wife and I are high-income earners, each with salaries greater than $150,000 per year. We file separately for a student loan strategy. We purchased, renovated, and placed our first short term rental in ...
Cameron Chambers
Want To Qualify For A Better Mortgage...What To Do?!
Hello all! I am a young 22 year old and I work full time as a Sales Rep (salary+commission). With the info I received so far, I am able to qualify for a mortgage of about 225k. Given the current market prices, this is...
Drew Whitson
How do I allocate personal expenses from multiple LLCs?
I hold various amounts of ownership in four LLC's each which hold multiple real estate assets. One is 100% ownership, then 50%, 1/3rd, and 1/8th - as each deal comes along it gets put into one of these LLCs dependin...
Ronald Hayden
Tax benefits to owner occupancy in California?
My business partner and I are evaluating the possibility of purchasing the home that one of us is renting, due to the owner needing cash.Can anyone provide a pointer/advice on the tax benefits of owner occupancy for a...
Robert Muzyka
How do I estimate insurance costs?
How do you estimate insurance costs when your analyze a potential rental deal? I am beginning to analyze deals daily (and in different markets around the country) and I'm not sure how to come up with a good estimate ...
Paul Barber
LLC or HO6/Umbrella
Newbie Question. Why do you need a LLC? Can a HO6 and umbrella insurance policies (for condo rentals) give you enough liability protection?Thanks