Joseph Barbaretta
Early tax question -- Do I deduct my expenses if...
So, I'm in the middle of flipping a house. Its taking longer to get it on market than I'd like. It probably won't close until after the new year. So, if all my expenses happen this year and I sell the house next ye...
Joshua Lee Wegner
First possible deal tomorrow and have a few ? About closing costs
Hi BP!
Ok, so I have a property I think I can make a deal on tomorrow. I've had a few conversations with the owner and he's very motivated to sell. He and his wife (ex-wife now) bought this property a few years back...
Blanca Munoz
Single family home
Hello, so I bought my first house and before I bought it, I didn't know about the BRRRR Method. I purchased the house for $145,000 and they were asking for $180,000. It appraised for $150,000. Renovations would cost a...
Mateus Fernandes
Help! How do I properly determine the value of this property?
Hi guys,I have a question about the value of a property. I understand that large multi-family properties (5+ units) are appraised differently from small multi-family. What about three duplexes (6 units) in the same st...
Ed Shin
Calculating Adjusted Cost Basis?
I've searched the forums and haven't found any discussions that address a couple questions I have about calculating cost basis of a rental property.1) I know that to determine cost basis, you need to multiply the purc...
Alicia Arizpe
Wholesaling Forumla/s : 70% VS Fixed Cost
I understand the 70% rule and I know of (have yet to practice) the fixed cost method for calculating MOA. However, I’m curious as to which one is best for wholesaling in general. Or is it situational? And for the fixe...
William Shields
Downpayment Financing Options Question
I am interested in a property. The property is going for $950k and 25% of that would be $237k. We do not have $237k laying around. How do people come up with that amount of money to cover the downpayment? For example ...
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...
Account Closed
Simple Seg Cost Segregation Company
Anyone use SimpleSeg cost segregation study? They advertise they can provide a study for under $300 in 10 minutes for residential under $500K.I have a home on the market I’m planning to 1031 exchange. Does it make sen...
Brian McCarter
How to apportion costs of rehab when renting out rooms in home
I wanted to see if there were any tax experts who have ever rented rooms out in their home. The answer my enrolled agent who is not a real estate expert gave me did not seem to make logical sense to me and I wanted to...