Anthony Chao
Living for free in the Bay Area! 4Plex Househack
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Richmond.
Purchase price: $840,000
Cash invested: $29,400
Living for free in the Bay Area? Check. $5300 in rent coming i...
James Nosack
401k to Buy Down Loan and Refinance Duplex
Hi BP Family,I am kicking around the idea of drawing $20-25k from my 401k to buy down one of my loans on a duplex and refinance. I purchased the property on an FHA two years ago. Although it is possible that my apprai...
Cindy Tang
Can Depreciation be adjusted if it's limited in prior taxes?
I have 2 rental properties, Texas and Georgia. I sold one in GA in 2018 (which we purchased in 2007) and didn't do 1031 Exch. Now, the depreciation hit me back as gain when doing the tax report. However, I reviewed th...
Jason A.
from oil to nat gas: how to manage tenant expectations
Hi all,Recently purchased a multi and one of the first projects I’m planning is converting the property from oil to nat gas heating (there is nat gas going to the house already for water heaters).At current, I cover t...
Billy Daniel
Depreciation vs Expenses
Hey BP! Given that it's tax season, I've been looking over strategies that I can use to reduce my tax burden. For those who rehab properties, how do you report your expenses? Can I write off my entire lumber bill a...
Nathan Waters
Profit and Loss Statement on Rental Properties.. Mortgage?
When you write up your profit and loss statement, how do you break down the mortgage? Is the interest, taxes and interest the only loss? I'm assuming principal is not written in the loss category even though it goes a...
