Leland James
Loan cost provisions/seller credits to give or not to give
So I got an offer to purchase my property and I’m a little bit confused, in the offer they are requesting that I the seller pay for all of the lender related fees and buy her share of escrow fees I would like to submi...
Cosmo Iannopollo
Help me understand why this is a good deal
Purchase price: 175KRehab: 150KARV: 450K (conservative; median prices in the area are closer to 485K)125K spread looks great, right? I think so, but then I think about the cash I have to put in, which is probably arou...
Joshua Dorkin
How to Calculate Fixed Costs on a Rehab, Flip, or Wholesale
Part of analyzing a deal is having an understanding of the fixed costs that come with doing that deal. BiggerPockets Blog contributor, J. Scott wrote an incredible article to spell out the details for anyone interest...
Tom Anderson
Startup Rhove is offering renters a vested interest in their Apts
I recently read this article by Fast Company on a new real estate startup called Rhove out of Columbus, Ohio. The quick summary is they're offering renters in their buildings a small piece of equity on the property th...
VICTORIA LEONE
Is Renovation Travel Deductible?
Renovating a house I bought in another state over several yrs, and they were hoarders. Little by little I travel there to empty it out and repair it with the intention of eventually selling it. Are the travel expenses...
Marisa Voelkel
Deciding - Hold or Flip
Looking for some advice. I have a property that we originally bought to flip in Southern WI (close to IL border). The ARV is roughly 180K+. Investment is budgeted for roughly 120K. 1) If we flipped, likely will get...
Frank S.
Spreadsheets: Should depreciation and taxable income be included?
Like many of us, I have created my own spreadsheet calculator to analyze multi-unit properties. I am struggling to understand how depreciation and taxable rental income should be calculated in the spreadsheet.As I cur...
Victor Yang
if i gift a house, is the cost basis what i purchased it for or the FMV?
Hello,If I gift a house, what amount will go towards the lifetime gift limit, the amount i purchased the house for, or the current FMV?It is my understanding that the new owner will have the house at the cost basis of...
Daniel Foster
Long Term Capital Gain vs Normal Income Tax
Below is a question I have asked my accountant, but haven't really been able to get an answer that I can comprehend. Generally I am trying to understand whether it makes sense to capture renovation costs at the sale ...
Dan D.
The Tax Question
So I am just starting out here and in the process of educating myself. I think the BRRR method is great; but, I don't have the resources set up to execute this strategy (yet). I also make decent money and really nee...