Miguel Rubio
How do you track improvements in units
Hi fellow BP members, We recently purchase two multifamily buildings, and we need to renovate the kitchens and baths, and some others upgrades on almost half of all the units.we are using a property management for bot...
Will Fraser
How does Cost of Sale factor into Capital Gains Tax?
I'm working on an off-market deal and the seller has owned the property for a few months and is worried about their capital gains liability. In reading the verbiage on the IRS' helpful forum I found this:If the amoun...
Account Closed
CD's used as collateral for flipping
I spoke to a local lender who told me that cd's could be collateralized for loans of 80% total ARV. With the cd as collateral they will quick cut checks for the re-hab per your own draw schedule. This was exciting to...
Anton De Vries
Quit claim deed
I have received a property from my father VIA a quit claim deed. The mortgage is under his name, my dad has become terminally ill. Ive been paying the mortgage on the property and doing some renovations. My question i...
Josh M.
Rental Property Tax Strategies - First Time Filling
I apologize in advance for the number of questions. I have tried to phrase them in such a way that it provides my conclusion and I am mostly looking for confirmation.If a CPA wants to do a quick review my return and d...
Jack Forester
Where to credit seller paid closing costs (I'm the purchaser)
Okay, I bought a new rental property and had the seller pay 2% of closing costs (max allowed by my lender). Under the new Closing Disclosure form (no longer the HUD form), it shows nothing specifically paid by the se...
Account Closed
Would you 1031, or take the cash and BRRRR?
I am ready to take the next step in my real estate investing career, but I’m torn about how to proceed. I thought maybe I could get some guidance from the more experienced investors here. I have a rental property in t...
Alexander Parada
How much cash flow in multi family
Hello Guys,
Question for guys looking to invest by end-of year in a multi family building.
Lets say it cost two million and has fifteen doors. Lendor wants 25% down. So mortgage is $9,000 what cash flow would be ac...
Derrick Atkinson
Student rentals
Is there any insurance companies who will insure student rental properties at a reasonable premium?
Patrick McMaster
STR CPA or Tax Preparer
Purchased a short-term rental in Maryland in June, but live in Delaware, work in PA. Looking for a CPA or tax preparer that is well versed in the STR loophole and cost segregation. Having a very hard time finding anyo...