Cynthia Hartley
Should housemates' rent be claimed as income?
Hi all,Can/Should a homeowner with housemates claim the income (rent) and a portion of expenses (landscape maintenance, cleaning service, utilities, home repairs) on taxes as a business expense, if it is the homeowner...
Brett McManus
Bank Account Structure for House Hacking
Hi BP Community, Towards the end of this month I will be closing on my first duplex to House Hack in the Minneapolis, MN area. So far I am remaining confident in my numbers/reserves amidst the current conditions and ...
Nick Vogel
First House Hack Loan Options
Hello all! I am looking to purchase my first small multifamily property through house hacking. I am looking at two different loan options for an owner-occupied property. The first being a 3.5% down FHA loan. The secon...
Alexander Tesfamicael
Houston MF - expenses
Hi BP community - I'm looking to purchase a triplex or fourplex in the Houston area and would love to get feedback on the expenses that I'm estimating (too high, too low, any that I'm missing, etc.). Thank you in adva...
Thad Gerber
Can I use Section 179 to expense a new roof for a commercial building?
I need a new roof on one of my commercial investment properties. Can I expense the roof or do I need to depreciate it? My CPA says I have to depreciate it over 39 years but another CPA told me I can expense it.
Nathan Volkmann
Capital Expenditure Policy
Looking for any advice/ knowledge people have about capital expenditure policy's. I bought my first rental and I am currently housing hacking. I made the rookie mistake if waiting until tax season to get tax advice an...
Tommy Vise
Mobile Home Park, Deal Or Not?
I have an owner who is looking to get out of her Mobile Home Park.She has NO Rent Roll or contracts that the tenants are on, just month to month agreements. Let me give you the numbers:19 Lots17 Occupied 7 park owned...
Jennifer Fernéz
Details about Commercial Loans
Hi there,
I was recently looking at an FHA owner occupied mortgage for 1-4 units. My lender said that we could count 75% of the rental income towards income towards my debt to income ratio.
However, I recently cam...
Joseph Ben-Avi
Management company and use of funds
Hello all,Recently I was notified by our manager that a certain component in an appliance in one of my rentals needs repair. After reviewing the monthly statement I realized that the expense was well above the dollar ...
Justin Jordan
Using VA and Refinancing
Hey everyone, I am new to the community and real estate investing in general. I know I want to buy a home and use it later for rental, but I haven't been able to find an information for VA loans on being able to refin...