Ryan Lamanna
Buys hosue to get depreciation and remodel in following year
We found a house we’d like to purchase to rent but we’re not confident that we could get top rent in its current condition. Regardless it could be ready and available to rent by year end. Can we cost seg and take bonu...
Ralph R.
Frank Dodd and new construction financing and Trump
As everybody knows there is a huge shortage of inventory in many areas of the country. I have been able to stay ahead of this shortage by investing in different areas. Most of these areas have had big rent increases...
Tan Su
Free Rehab Exchange for Long Term Rents
hi BP,I recently bought some foreclosures from the county's forfeited land sale in Ohio (no redemption period), as you all know, the title is cloudy so the strategy is to rehab and hold to rent. However, I do not have...
Dominic Mazzarella
Top Monthly Expenses for a Mobile Home Park owner?
Hello all,I am looking into business rewards credit cards that give perks for certain expense items. I was wondering what the top 3 to 5 monthly expenses are for most MHP owners? Any help would be greatly appreciated....
Les Jean-Pierre
Short Term Rental Tax Deductions
Hi, I understand there are certain tax deductions for short term rentals. I have a commercial space and am starting to do events through Peerspace, etc. Can I take advantage of the STR deductions or is it only for res...
Account Closed
new construction costs for apartment buildings in LA county
Hello All,i'm interested in the construction business and am shopping around to get $/sqft costs for new wood frame modern apartment buildings in mid class neighborhoods in LA county.I only have experience in rehabili...
Joel Oh
I am hearing STR doesn't count toward REPS status.
Hello guys! I have a good W2 income as well as STR income.
2023 is the first year I thought I could qualify for RE status as I am working as the property manager, handyman... (750+ hours) man I worked hard!
Just fi...
Justin Case
Section 8 and high utility bills - Should I make them pay overages?
I pay w/s/g in this economy and I am on the forth month now with two newer sets of section 8 tenants really high on their w/s/g bills. They are each running $45 over a month. Should I make them pay the difference to ...
Ayodeji Kuponiyi
Potential Deal? Smart People Please Chime In
Found an 8 unit apartment. They're asking $515,909. Cap Rate is10.93. Total monthly Income is: $6,380 & $$76,560/yearThis is my analysis:I used conservative numbers such as 30% financing and estimated 55 expenses....
Shannon Richardson
Questions About Taxes for a House Hack
I just purchased my first investment as a house hack, with the intent of living there for a year or two, and I am seeking clarification on a few things relating to the accounting side of this. The property is a 3-unit...