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Hello,I am brand new to this website and have started reading some of the bigger pockets books to educate myself. My girlfriend and I have decided that we want to buy our first home this summer, and we are looking to ...
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Hey everyone, might be shooting in the dark here, but has anyone here done a Section 8 (or LIHTC) multifamily development project? I've looked at a few Section 42 properties we could have bought but I've never approac...
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I bought a house in 2011 and lived in it prior to moving out at the end of 2014. February of 2015 I began renting the house. I am trying to determine my cost basis for depreciation. I know that it will be the lesse...
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Hey fellow BP members,
I'd like some advice on a wholesale deal I just got under contract.
What exactly are landlords in this area going after in terms of cap rate ?
I have a Quadplex in this area under contract an...
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In a few recent conversations with different folks, it has come up how they are calculating financial performance on multi-family projects. I feel the need to write an article on this, since in many of these conversat...
I bought a rental property for 100k 14 months ago. I put roughly 20k into it in renovation expenses. For discussion, let's just say all other expenses sum to be 10k (interest expense, etc.) for a total of 30k in expen...
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Hi BP community!
I'm scheduled to close on my second 2-unit property but I know that some time in the future there are repairs/updates that I will have to make.
For example:
-The parking lot/driveway needs to be resu...
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Good morning all. What is taxable in note income and what is tax deductible? Trying to figure out taxes for my business and how to list it in my ledger. Thanks.
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So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...
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We are looking at a commercial property that is very underutilized. It has 2 buildings both wired with 440 3-phase. One has heat and is insulated. Is there a resource or general rule of thumb when trying to figure out...