Karen Tan
When can you take bonus depreciation?
Hi, we converted our previous primary into LT rental in January 2022. It’s been rented since. Purchased in 2018 at $325k, it is now valued at roughly $410k. Is it too late to get a cost seg and take bonus depreciation...
Candace McCutcheon
Cash or Accrual Accounting?
I have read from several sources that RE investors MUST use the cash accounting method. Our CPA says this is not true. If the state is important, we are in SC. Can anyone confirm this one way or another? To give i...
JD Martin
Pre-paid rent - taxable in the year accepted or year applied?
Good afternoon all!Before I do my taxes, I have a unit in which one of the tenants (a college student, parent paying) prepaid their rent for the first 6 months of 2016 in late December. Should I claim the income based...
Samantha A.
How do you get multiple mortgages with BRRRR?
I'm curious about using the BRRRR method and how the bank preapproves an investor with multiple mortgages. When you're ready to purchase additional properties - how do you get approved for the additional debt with you...
Mark Douglas
When to use hard money for down payment source?
If private lending (immediate network of family/close friends) isn't an option, would the next step be a hard money lender? I only need it for the 20% down payment, not to finance the full asset, an 8 unit apt. Is i...
Brittany Bolling
question about wholesaling huds
hello everyone I'm a wholesaler I have primarily worked with private owners but I recently been interested in wholesaling HUDS but i have a few questions 1. should i tell my agent that I plan on wholesaling the huds?....
Jason O.
possible buyer and seller
I met a guy at club meeting. He said wants 4 family apts to rent out. He gave me what he wants with rent and profit.
I found a 2 family apt with the financial parameters he wants.
Do I ask the end buyer/inves...
Matthew Pham
Homeowner looking to turn primary home into rental
I purchased this Houston area home back in 2018, and we are now looking to upgrade. Rather than selling the home, I have been weighing my options as to whether or not it would be a good idea to turn it into a rental. ...
Brandon Sturgill
Are MLS Deals Gone in Small Town America...?
So, the inevitable is coming true in small town America and houses are staying on MLS for less days before going to retail buyers...and the deals on MLS are generally few and far between. I just implemented my direct ...
Vitaliy Volpov
Streamlining Rent Collection
Hey guys! I am looking for some advice and suggestions on streamlining my rent collection efforts. I currently own and manage 9 rental units. In any given month, 5 out of 9 mail me checks while the others pay me in...