Victor Saumarez
HOA Budget Surplus
This is a hypothetical question. Say you sell a condo and the HOA subsequently informed you that there was a budgetary surplus on the account. They email all homeowners that the surplus is to be credited to their acco...
Mark Forest
Is sewer fix a repair
Is the $3600 I just spent to fix a broken sewer pipe a repair to expense all this year or a capital outlay to be depreciated? This cost includes snaking, excavating pipe, and repairs to pipe. I would think it's an ex...
Delbert Standifer
Cap rate explanation for sfh
Greetings everyone, my question is can someone easily explain cap rate for sfh?
Esther Kim
HELOC on (NOO)Investment Prop.- Lenders during Covid
Has anyone had any luck in finding a HELOC lender for their investment property that is non-owner occupied? I have tried many of the lenders that were listed on this post, however the lenders don't lend in CA or on du...
Derek Johnson
Tax Basis for Depreciation - Accountant?
This is the first year I changed my former home into a rental. I changed it May 1, and have done a little updating prior to tenants moving in. I've always done my own taxes, but I've never needed additional schedules ...
Vasily Voronin
What taxes should I pay?
Hi everyone.I'm an Australian thinking of buying a single family home in Round Rock Taxes this autumn. I'm a bit confused about the taxes I should pay in US, if I buy a house for 250K and rent it out.I would be glad i...
Jay P.
Residing in CA, LLC in WY, Syndication in TX - Challenges?
I'm a resident of CA and I plan to invest in a syndication in Texas along with a friend of mine. I talked to a few lawyers and the recommendation was to create an LLC in WY with both of us as members and invest in the...
Kyle Ashmore
What is your Financial Independence number?
What is your FI (Financial Independence) number?
How to find your FI number: Determine your annual spending in retirement, yes, you need to have a budget! Multiple the above number by 25. Example, if you require $60,...
Ashley G.
Is it possible to get HOA Financed? Also how to get board to buy into the idea of getting a Certified (or forensic) Audit?
Hello. I'm new here. I've lurked minimally, but have read some of the material produced by BP beginners. To make a long story short, I am the Treasurer of an owner managed HOA. I took the position in April of this yea...
Account Closed
First Property Checklist: New Investor Closing Next Week
Hi everyone – I’m a new investor less than a week from closing on my first duplex. One side is occupied with a tenant I’m inheriting (currently on a month-to-month lease) and I’ll be living on the other side. I’ve spe...