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There is a Rhode Island multifamily building that has a 1 bed/1ba listed as one of the units. It includes a finished bonus room (300 sq ft that has egress). *The room shares a wall with the unit's garage and has a f...
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We are trying to figure out what the market/brokers really pay their property managers. I keep getting conflicting information on pay, splits and bonuses. I also want to know what service does the broker provide ove...
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If I’m buying a STR property now, what do I have to keep in mind if I also plan on buying a primary residence next year? I’m assuming you look at a rental track record for the investment property, but that’s not stead...
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BP,
We (father and son venture) are looking to put together a fund for investors… family and friends to begin… this is not a pitch I promise. About to go under contract on mobile home community #2.
If anyone has do...
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I'm considering purchasing a vehicle to do showings as an agent. Can that purchase be deducted? Is it better to create a depreciation schedule for it? CPA friends, help!
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Has anyone taken or considered taken the Covid 19 Cares act $100,000 out of their 401k to purchases additional properties? What are you all's thoughts? My thoughts are that you could buy a property and depreciate it o...
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After watching podcast 689 (Pay No Taxes in 2022), I am motivated to see if I can purchase a STR prior to the end of 2022. Is this feasible? Is there a minimum number of days that the STR would need to be available or...
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From what I've read, it seems the #1 problem with contractors is not getting the work done when they said they would. Well what if penalties were built into the contract, so that for every day work is not completed pa...
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Hi BP Family - I'm trying to get clarification on something as I seem to get conflicting information from different lenders. How is rental income calculated for your DTI? I had one lender say they took 70% of the ren...
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New to Real Estate in the Austin area. I'd love to invest in an area somewhat close to Austin, but realize $40k probably won't get too far in Austin, TX area. My question: What markets would others out there recommend...