Tom Kaz
Evaluating a 4plex before placing an offer..
Just got back from looking at a 4plex in a suburb of Chicago (nice neighborhood). Building is completely tenant occupied with 3-2bedrooms and 1-1bedroom, unit comes with new boiler, water tank and new coin operated wa...
Mitchell Maginnis
Is it possible to use the STR loophole to offset w-2 income if managing out of state?
Hi!I am an optometrist and am finishing up building a new build STR out of state. I will have a cleaning team do the day-to-day turnovers and will be using Guesty to assist in helping manage the property myself. I hav...
Jennifer McDuffie
Question on tax deed
First of all thanks in advance for any replies. I'll try do be as clear and thorough as I can with my question. To give a little info.... a woman won some property in a judgement and received a fee simple title. This...
Kate K.
Is land should be valued at 10% or 25% for a rental property?
Our Tax Accountant from Block Advisors moved on with his career and we had to find a new CPA/Tax Accountant. We found one that's seem to be experienced and knowledgeable. He is also a Real Estate Attorney. His advice ...
Tyler Blodgett
PITI Paymebt on 5 plex
Looking to build a 5 plex new construction. Total all in cost I am estimating to be about $1.1M. Need help figuring out Principal, Interest, and Tax breakouts for my budget. I already have an insurance quote. Also, a...
Julio Gonzalez
Additional Benefits from Past Cost Segregation Studies
As many investors are aware, a cost segregation study is a very beneficial tax planning tool that can create a very quick ROI. A Cost Segregation study is an IRS approved federal income tax tool that increases near te...
Marc Possoff
How to Find Legal Lot Size to Build
Hi I’m currently completely renovating a house in the Grays Ferry section of Philadelphia which is going good. I also own a vacant lot not too far from the house which I inherited. It’s supposed to be 14x51 / 714 sq f...
Chris A
Seller doctored tax returns - Any possible tax liens?
We are under contract to purchase an apartment building. The seller has been doctoring his books for the past several years. Essentially he has been collecting rent in cash and then not reporting it on his corporate...
Alec McGinn
When does it make sense to build instead of buy?
Hello BP,
When does it make sense to build on an empty lot for cash flow? I’m asking because there is a vacant lot next door to me and the owner tends to become tax delinquent frequently. Ideally, I’d love to obtain...
Corbin Jones
Questions on seller financing purchase
Hello, I have two questions about seller financing. My friend is a note investor and will be financing a home to me on a note that he’s buying outright. Of course, we will draw up legal contracts for this deal. My fir...