Michelle Cooper
Deceased land owner (no relation) unpaid taxes
I came across a half acre of property in my little town tonight and it shows the land owners name then has (Deceased) next to it. The taxes on the property have not been paid since 2015. I plan on calling the tax offi...
Anthony Del Russo
SFH House Hack Tenant/Landlord Relation Questions
Hello BP Community,I am about to begin offering on SFHs in my area for a house hack. I am looking into a 3/2 and already have 2 tenants lined up after closing. I had a few questions regarding Landlord/Tenant Relations...
Thomas Hickey
Tax advantages of Seller financing to relative?
Hi Bigger pocketers,Have a question about a multifamily a relative of mine is considering selling. I'm trying to buy it directly off of him with seller financing. Tax wise would it be better for him if I were to pay h...
Hersh M.
Tax filing and tax accountant related questions
How do most real estate investors deal with tax filing? Do you just hire a CPA/tax advisor before buying your first deal or do you do it yourself to understand legal/tax things better? Also do you have any advise/reco...
Justin Long
Depreciation as it relates to cost basis
I may be thinking about this way to hard. However, I am also a newbie to REI and the tax implications therein. My scenario is simple: Single family home purchased by me and in my name, mortgaged property, and rente...
Gp G.
refinancing question relating to property repair receipts
During refinancing if bank has question about more expense than rental income is it recommended to provide all the repair receipts to bank. Providing or not providing repair receipts impact the bank decision on refina...
Daniel O.
Monthly expenses relative to number of units
Hey folks,So I'm sitting here scanning through real estate listings in Pittsburgh and running quick-and-dirty analysis with the ol' 50% rule as a gauge for expenses. I look at $95,000 duplexes all the way to $1,000,00...
Mack Bailey
Side jobs real estate related or otherwise
I work a comfortable 35 hours at a job I love. I have tried working there longer (up to 50 hours) and it just wasnt sustainable. I am saving for an investment property and currently live rent free with my parents. The...
Corey M.
REI Nation - Closing costs related to ROI
For those who've invested with REI Nation/Memphis Invest, I'm wondering how you calculate closing costs into ROI. On their pro formas, they don't appear to take them into account. If they can be upwards of $6k, does...
Grant Shipman
Occupancy Code: how to relate to it?
The ScenarioMy investment specialization is buy-and-hold single family homes with 5-8 bedrooms and rent them out by the room, marketing specifically to professionals (rather than students or section 8). My farm is Lov...