Eric Johnson
Advice needed, buy property and hold until I sell mine
I own a $250k long term rental (10+ years nearly paid off). I would like to sell via 1031 and use proceeds to buy a $500k property I have identified to avoid capital gains. The issue is the seller of the $500k propert...
Ryan Dukelow
Calculating Cashflow
So I'm ready to buy my first SFH rental, but I'm struggling with a few things. I want to know what expenses I MUST account for when calculating rental income minus expenses. (Tax, Insurance, etc.) Also, how do I know ...
Daniel Hoop
Utilizing an LLC for House Hacking Revenue & Expenses
Greetings BP community,I am getting ready to make some offers on a primary residence (first-time home buyer) that I will use to House Hack. My understanding is that it is NOT recommended to actually purchase the prope...
Kathy Kissick
Accounting and Bookkeeping for your STR.
My husband and I own 2 Short Term Rentals in Canada, I am accountant (CPA). I have set-up and manage the accounting needs for our rentals. Is there is a market to offer accounting software set-up, automation and mon...
Warren Johnson
Reverse 1031 Exchange Question
I am interested in finding out if anyone would recommend a reverse 1031 exchange?... If you have an investment property you want to purchase and take the profit from one you own but you purchase the desired investment...
Brandon Vukelich
3-unit STR/MTR $107k NOI on $187k REV
Curious how our self-managed 3-unit STR/MTR performs with industry expectations. Front two units are full time STRs with a rear studio operating full time MTR. We're looking at 2024 gross around $187k with NOI at $107...
Marcus Guidry
Form LLC in Louisiana?
Completely new. I have no properties yet, but I am in the process of teaming up with two others for the purpose of investing in a triplex or four-plex. The other two will be investing more money than me, but I will do...
Rich Hupper
Tax increment financing
Hi I am trying to learn more about tax increment financing.1) What is it2) Who can apply for it3) What types of properties can benefit from the strategy4) Does it replace financing through a bankPlease share your exp...
Lawrence M.
Billable Expenses QBO Simple Start Workaround
Looking for guidance/confirmation on a workaround to billable expenses in QBO 2022 without upgrading to Plus or Advance. We have water, sewer, and trash that remain in our names (required by municipality) then we bill...
Paul Lee
How are Colorado Springs property taxes assessed?
For those of you that have investment properties in Colorado Springs, how are property taxes assessed? Are they based on the purchase price of the property? I'm just trying to determine if the property taxes on a pa...