Cara Lonsdale
Depreciation - What the heck??!
A few questions...........To what extend does depreciation really affect a person's taxes/capital gains on a property when it is sold?Does it benefit or harm a person to claim LITTLE TO NO depreciation each year on a ...
Jeremy Cohen
DO YOU MAKE THESE MISTAKES IN WHOLESALING?
Hey, BP!Hope all is well. I'm fairly new to BP & I've been doing due diligence on how to do simultaneous closings. I've been reading through your posts & looking at your recommendations.Here in FL there are a ...
Peter Farrell
Florida HOA sale..Robo signers, Statute of Limitations
I am about to buy a HOA foreclosure Condo at auction in Florida and have some questions about an existing 1st mortgage. Involves Robo signing, Statute of Limitations, show me the note:
First a lit...
Jonathan B.
STR Depreciation/Bonus Depreciation Question
Hi all, we bought a STR in 2022 for 380k, renovated it for 200k in 2023, and rented it out in July, August, September of 2023 with an average stay of just under 6 days. We’re changing our plan for the property in 2024...
Amy L. Pagels
Tax benefits for newbies - wait to close on STR until 2023?
We are new investors and looking to put an offer down on our first property in the next week as a STR. My question is for tax purposes, are we hurting ourselves in terms of the qualification of materially participati...
Phillip Gainey
Seller Financed property, seller not placed on Insurance Policy
A friend of mine sold a property in Memphis a few months back offering seller financing. The buyer never placed him on the insurance policy as "mortgagee". He has tried to get the buyer to do so, to no avail. All s...
Dave Toelkes
How Depreciation is Recaptured
Investors have long known that depreciation on depreciable real estate is an economic fiction. Since property values usually increase over time, depreciation has often been called a "phantom" expense. Congress even r...
Jeff P.
LLC cash out refi to brrrr? suggested lender? or alternative?
I have 3 duplexes in the Detroit suburbs, mortgage free (plus one sfh, with mortgage not pertinent to this discussion).In 2018, I'm looking to get the brrrr method rolling. So, I sought a cash out refi on the highest ...
Jacob A.
Transferring property to LLC without invoking "due on transfer"
Hi all, I know this has been covered several time, but I think this is somewhat unique so I created a new topic. I'm in the process of buying a multi-family (3 unit) property. I'm taking title to the property in my n...
John Alosio
1st position lien HELOC liquid??
Hello wonderful people of BP.
I have a question regarding a 1st position HELOC “all-in-one” “offset mortgage”
I have a basic understanding of the way in which these products work. But I may be missing some key infor...