So I am trying to refine my spreadsheet for rental property analysis, and I am trying to figure out what percentages to allocate for the various expenses that come with a property. Right now I set aside 24% of the gro...
Hi guys,Posted questions in the Tax category but didn't get any replies so coming back here where I've previously had great communications. One of my three questions is really not relevant so here are the other 2:- I...
My father and I are working on our first triplex deal and plan on transfer to an LLC after closing. I will be supplying the down payment for the mortgage and initial costs. Ultimately we would like all the profits/los...
As the scheduled expiration of some programs approaches, there will be much speculation about, "What next?"Some of what I'm already hearing ...Forbearance / ForeclosuresSome are saying that these could present opportu...
I’m trying to understand how to structure a 2 person partnership.Money and profit is split 50/50.But the loan will be in my name. We’re doing the first few purchases with an Operating Agreement only.Does anyone see an...
Hey BP Community,Recently graduated and have been in the working world for just under a year now and am seeking advice on how I should be allocating money. My goal is to acquire my next property in the next 3 years. F...
Hello BP!I am 3 months into my first SFH house hack (Going Great!) but am now trying to educate myself on further ways to be tax efficient.I understand how to calculate depreciation allowance on a house hack but was w...
I am selling a rental house that I have used as a rental for 20 years so I have a lot of capital gains. I intend to do a 1031 Exchange and buy another house which will be as a seasonal rental. I would intend to rent...
Newbie from the bay area, California. I have only invested in stocks so far, but recently have been considering a residential condo unit in my geographic area as a first step. One aspect I am particularly interested ...
So we had a piece of property that’s currently under contract to be sold. We are doing a 1031 exchange since we bought it for $70,000 and sold it for $260,000. I’m really confused about the mixed use 1031, I see a lot...