David New
Flooring Question For Rental
I spoke with a home depot rep today about replacing floors in a rental that I am about to rehab. I was quoted $2.50 sq/ft for their lower end trafficmaster material and install. He recommended me go this route but tol...
Taylor Whylings
Capital gains tax NJ
My husband and I purchased our first duplex and we are planning to BRRRR to get ourselves started. We have several people interested in buying the property for what it is now worth and we are tempted to let it go an...
Laura Rain McClain
Looking for CPA SDIRA Mexico Real Estate
My husband and I just purchased a condo in Mexico with our Self Directed IRA. We created a 50/50 partnership LLC to do this. I'm looking for a CPA to help guide us so that I make sure to keep the correct records for e...
Mario Morales
I need to show 6k in profit on my 2022 tax returns, how do I go about it?
I need to cash out refi this year, to pay down some hard money loans, my DTI took a beating. My lender wants to see 6k of profit between 3 properties. I asked my CPA, his reply below.Can you define “profit”? Is that t...
Justin Walters
Creating Self Directed IRA for existing LLC
I think I know most of the answers to the proposed question and do know that it will require the proper steps through a real estate attorney and/or CPA. For my own edification, I wanted to propose the following.Curre...
Michael Campbell
Tenant Here - Lease Question
I recently signed into a 2 year lease for an apartment (mistake), and I already know that I don't want to stay here for two years. My landlord told me that this is basically a standard PA lease agreement.
What hap...
John Marlin
How to convince seller to owner finance duplex?
Hey BP peers! I'm an experienced investor in single-family houses, looking to get into multi-family next. I recently met an investor who informed me he'll be looking to sell a couple duplexes and a triplex in the next...
Julio Gonzalez
The Importance of Understanding Land Valuation on Your Property
A cost segregation study is one of the most beneficial tax benefits for commercial real estate properties. One key piece of a cost segregation study is identifying the land value of your property as it helps you be co...
Robert Fisher
Using HELOC to Reno for Airbnb?
TL;DR - What's your opinion on using a HELOC to reno your personal home if you plan to then start using Airbnb?I've been missing out on a huge market in my area - Airbnb.I've read on the forums in the past that people...
Pearce Trenary
BEST EAST COAST FLORIDA STR REGION
Hey everyone,I am buying an STR and want to target the east coast of Florida. My research shows many promising areas but many of these spots have ever-changing STR laws which I am not a fan of. Would love to hear your...