Before you jump all over me with the "always hire a CPA" stuff, hear me out. I'm a financial planner & I've been pretty comfortable with taxes. In most years, what I have planned & projected with my taxes has...
Hello!My brother and I have invested in a duplex. We closed on the property very recently. Mortgage is under my name and we both are on the title for the property. Can he claim tax benefits next year?If not what can ...
Hi everyone! Two quick questions,
I have a conventional loan on my primary residence and one on my first deal.
1. Does the loan on my primary count towards the 10 loans?
For my next few deals I'm using a portfolio l...
Hi all!
Purchased 20 acres of bare land in 2021. Subdivided it into 2- 10 ac parcels. Sold first parcel over a year later in 2022. Sold other parcel in 2023. Did minimal work on them, added driveways to each and that...
Hello BP, Outside of calling a local broker, what sources are useful in determining the current multifamily CAP rate for class B/C properties in the DFW metroplex? Thanks, in advance, for your help,Todd
STR owners across the state are breathing a sigh of relief as the Arizona Legislature "declined to consider" the issue of STR regulation during the current legislative session, according to a report in The Arizona Rep...
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Invelo’s o...
So after 1.5 years of searching, putting in offers, losing deals after inspections, yesterday I finally closed on my first investment property.
I put together a document of all the lessons I learned that I did not ...
I have a question about completing Rent Certificates for the state of Wisconsin. We bought 8 units this year and closed on June 20. When completing the rent certificates do we a.) report rent paid to us from July to...
I had a perfect Tennant paid on time every month for one year.Lost his job at the end of 2015. Asked if he could use his security deposit for the last 2 months rent. I agreed. He stayed an extra 2 months after that, p...