Dennis F.
Pseudo-inheriting a residential property with minimal experience.
Hello all,I have recently been given the responsibility of managing a 6 unit residential property in Brooklyn, NY. Without going into details, it belongs to and has been managed by a family member, but do to health is...
Michael Bacile
First time investment/ property manager?
I’m new to real estate but will be investing before 2019 is over. My goal is to buy a multi family. Something to base my question off of: I work 60+ hours a week in construction and trying to grow that so my personal ...
Lyle Cooper
Real estate professional qualification
The real estate professional rule states:"A taxpayer will be considered a real estate professional if (1) more than one-half of the total personal services the taxpayer performs in trades or businesses are performed i...
Scott R.
Cost to build a duplex or 4plex in Bradenton, FL
Hi everyone!Does anyone have an estimate for how much it would cost to build a duplex or 4plex in Bradenton? We have an opportunity to pick up a lot and are wondering if it's cheaper to just buy a duplex/4plex that i...
Asish Balu
Claiming loss on a house hack using DMSH. Also, CPA or TurboTax?
Since tax season is coming up in a couple months, I want to make sure I understand my optimal tax strategy.
I will be claiming the standard deduction (12K) on my personal tax filings. No way I can match this amount w...
Wihan VanWyk
Questions on management companies for first property
Hi Everyone,So I recently acquired my first buy and hold property (2 bedroom apartment). Since I am currently residing far away from where I bought the property (My home city), I need to find a decent management compa...
Buyan Thyagarajan
Issue with Lead testing failing twice in my rehab property
Hi Guys,I have a rental property in Norristown PA which is almost done with the rehab. But the county requires lead testing as a primary requirement to get UNO. I stupidly did not fully paint the property due to advic...
Maria Castro
How should create a new company for my real estate investments?
Hi, I have one investment property which I am fixing to use like rental property. I have been reading that is good to use LLC o LP companies to be safe in any eventually. What is the best way to set up a company to ...
Jon Loca
Minneapolis Tax Person
Hey Minneapolis BP people, I just bought a duplex as an investment property in Minneapolis and was wondering:1) If the recommendation is to do my own taxes or to hire a professional?2) If I were to hire a professional...
Anna Brumbaugh
Purchased first hold property
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $316,500
Cash invested: $75,000
Went on a listing appointment where they were not interested in going on the market...