Mauricio Duarte
QuickBooks for Flippers - Inventory vs COGS
Hi everyone!Newbie here. Please be kind. I’ve recently formed an LLC with a partner to flip houses. We’ve purchased our first property and the project is underway. I’m a CPA (originally an auditor, now in consulting),...
Doug Pape
Establishing percentage of 1031 exchange in multi family property
We are exchanging into a multi family property that has a main house with a small cottage in the back. We plan to occupy the cottage and have a value calculated off of the appraisal comps. Can I use that value as a ...
Jimmy Suszynski
REI Business with foreign partner - too much info to dissect
My inlaws have taken interest in our real estate investing and would like to invest for both of our benefits. They're not from a country with a tax treaty with the U.S. So we either take the 30% flat tax or treat the ...
Mike Simon
Help Analyzing this property
Hi everyone,
I'm new to investing and was wondering if this would be a good deal to pursue.
Price 450,000
Cap rate on listing is 13.35%
Taxes 15,700
Annual Gross rent 81,900
8 unit property
4 commerci...
Account Closed
Investing in Virginia
Anyone here investing in Northern, Glen Allen or Richmond area of Virginia? How is the market there and your experience? I'm a newbie looking to invest out-of-state and researching these areas for buy and hold. Pl...
Account Closed
Understanding the cost of construction
Construction is one of the things every investor needs to know, but is also one of the things that Varys so wildly. Cost can range from almost nothing to way out of the solar system. So how do we understand the cost, ...
Brandon Carlson
What is your prediction for multi-family homes in SoCal?
Hi BP famThe past month I've been thinking of purchasing a second property, multi-family to be specific. When acquiring on multiple properties, I've noticed a pattern, listing agents shared that owners haven't been ab...
Kiran K.
What options to park money until you find a deal?
I'm doing refi-cash out on my rental properties that have equity accumulated over years, given house values good and rates are decent, I want to get money out and use for future deals (probably this or next 1 or 2 ye...
Stefan St. Marie
How do you calculate gross revenue?
Is the "gross revenue" $708.10 or $541.26 for this booking?Is it what the guest pays? Or what the host receives?And is cleaning fee part of revenue?What is the industry standard for underwriting?
Account Closed
Cost of building an ADU in San Jose
I was wondering what will be a cost of building an apartment quality 1000 sq ft. ADU unit (2 bed/2 bath/ 2 story) in the san francisco bay area. any inputs will be appreciated. I am looking for a quote for constructio...