Brandon Shaw
Attorney fee tax deductions
Hello all,
Because I'm a new buyer and located out of state from my property, I used a Power of Attorney (POA) with my lawyer to sign and review all my documents in WA State for me. I have to use him for purchasing ...
Simon Wold
Out of State - Investing in Florida?
Hello BP-I live in Seattle, WA and am focusing on implementing the BRRRR strategy (5-25 unit buildings). I have been searching in my local area, but it is very hard to find a deal that makes sense. You will be lucky ...
Carl Crain
Is this a good deal?
31 year old fourplex in the midwest. Asking price is 265,000. Don't know the insurance vacancy capex yet. They are all 2/2. Rent is 700/ month on 12 month leases. Not sure what I can get for financing as this will be ...
Pat Quaranto
Are there any podcasts that talk about investing in HCOL areas (e.g., Long Island)
I feel like a lot of the BP podcast episodes talk about investing in the general US market, but never really touch on HCOL areas. Are there any episodes you would recommend for investing in these types of areas with l...
Dan Brainard
how to record seller-paid closing costs on rental property?
Just trying to record a closing statement and wondering how to treat seller-paid closing credit. Specifically, which type of ledger account to credit?
Dee Xixi
Help with Rental units analysis going to auction
Hi Folks,
There is this 96 units property going to auction. As I am preparing a financial summary for a 25/75 split equity. 25%---me and the equity partner 75%.
Here is the number
23 studios x 800 = 18,400 ....... ...
Danny Webber
HOW MUCH CASH DO YOU NEED TO BUY 10 PROPERTIES? ANSWER BELOW
One of the large misconceptions in the REI space is that you will not need a lot of cash to acquire multiple properties. That is simply not true these days for a number of reasons. Certainly, there are exceptions to t...
Joey Wang
"Adjusted Basis" calculation
there seems to be a couple of ways to calculate Adjusted Basis. One method takes into account Costs of Sale. The other method takes into account Acquisition Cost. My question is, which should Adjusted Basis take into ...
Karl Butenhoff
14 Unit off market seller financed opportunity
Hello all! I am looking for input on an off market deal I found for a 14 unit building 10 minutes from where I live in the Midwest. I feel like I should pull the trigger on this deal, as I have been mainly in analysis...
Aron Ost
BRRRR in Tampa Florida
Hi BP Family, I'm newbie to BRRRR and out of state investing. Based on what I heard in podcasts and on this forum, I have an interest in Tampa, FL because of it's strong cash flow and potential for growth.I have appro...