Ryan Reynebeau
First Inquiry on a Multifamily - Seller is experienced investor
I am looking for my first deal in real estate, and found a post on craigslist in my area that I though had very good potential. It is the first home that I am inquiring about. There was no indication that the seller w...
Devon Morgan
Credit repair
Hello BP nation! How important is credit in regards to real estate investing? And also where can I find a credit repair personal?
Justin Megna
Expenses or debt service? How do rental esimates work?
I understand that a typical rental analysis takes the monthly rental amount, sets aside 5% for vacancies, estimates 50% for expenses, and then makes sure the remaining 45% pays debt service and leaves a profit.But I'v...
Maddy Jane
Being threatened to put Mechanic's Lien on Property in NC
I had a service call booked with a wildlife removal company and I failed to notify them to cancel the call 24 hrs in advance. I called them today to cancel the call and they're asking for a full service fee (75$). I r...
Johnathan Simeroth
Bonus depreciation on a project split between 2 years
BP community,I'm looking for advice on how tax year timing affects my ability to take bonus depreciation and/or "expense" some of my capital improvements.I purchased a duplex that needed a lot of work in 2021. I start...
Christi Millo
Anyone use CallText.com? Looking for reviews.
Has anyone tried or used or have any info on CallText.com? I know that the owner is very involved in BP and with the other companies he has which all seem great, and his CRM seems great, but I find very little infor...
Kyle Stratton
Title Insurance on Tax Sale property
I acquired a house by a Sheriff's Deed at a tax sale for unpaid taxes here in Texas. It was not a homestead, which limits the redemption period to 6 months. As a homestead in Texas it is 24 month redemption period.Q...
Kevin Macdonald
Depreciation question when paid less then land value for house/land.
I am reading a book “every landlords tax deduction guide”, which was recommended to me from this site. I understand that the 27.5 year depreciation is only for the house and not the land value.
I bought a piece o...
Seth C.
Distinguishing maintenance and capital expenses
Looking at P&Ls I see a lot of stuff that is placed in capital expenses that seems like it should be in maintenance, ie above the NOI line--but I don't know completely what the industry standards are.There are thi...
Nate Michaels
Owner-occupied duplex, how to depreciate properly
Hi all, I'm owner-occupying one unit of a duplex and I'm wondering what is the best to report the depreciation if I convert the owner-occupied unit into a rental at a later date. The challenge I'm having is specifical...