Steven Lalonde
Am I analyzing this commercial property correctly?
Hey BP!I have approached a For Sale By Owner commercial zoned property with agreed upon purchase price of $200,000. I am doing a purchase + improvement loan. My lender is requesting 25% down on Finished Value. Finishe...
Bryan Hancock
Depreciating Land - Legally?
I ran across this article this evening when I was researching some other tax matters:
Who says you can't depreciate land?
The basic procedure seems to be:
1. Split the improvements from the l...
Account Closed
Investing in run down neighborhoods (Los Angeles)
I own a property in a nicer part of LA that I property manage myself.
For my next deal, I'm considering a 12 unit in South Central LA and am currently in contract. The deal makes a lot of sense, financially. ...
Caleb Gray
House Hack Improvements on Personal Side - Tax Implications
Hello BP,I recently did a small amount of improvement (<$1000) on one side of a duplex that I am now living in. Projects included installing vinyl plank flooring in two rooms, refinishing kitchen cabinets, and inst...
Andrew A.
Be brutally honest about my strategy!!!! New to real estate!!!
I’m looking for some advice and feedback on my real estate investment strategy. Here’s the plan I’ve come up with, and I’d love to hear your thoughts on its feasibility, potential risks, and any improvements you might...
Gabriel Benavidez
When do we enjoy ourselves?
Hi, it's been a while that I haven't posted, but I'm just curious if I am the only one that feels guilty when I try to spoil myself. So I'm currently driving a 2005 Durango with no AC and I'm wanting to get my dream t...
Raman Bindlish
How does Cash out Refinance accounted from Tax Purposes
I have a question with respect to Cash-Out Refinance.Background and some context- We bought a duplex last year and put in some money into it.- It lost money this year due to an eviction and we ended up doing a major r...
Robert Sutton
Seller finance commercial deal
I was running my delivery route in the country(Texas), and I came across a commercial retail shopping center. It had a sign, for sale or lease owner financing. It’s under leased but I think the right facade and tenant...
James Kojo
Is it customary to request financials before the offer on multis?
If I'm analyzing deals on multi's, should I expect to get the trailing-12 and rent rolls before I make an offer, or do I review those during the due-diligence period?Thanks,James
Scott Lewis
New Member in Wilmington, DE.
Hello everyone, my name is Scott Lewis and I’m excited to be a new member of the BiggerPockets community! I currently live in Wilmington, DE where I work full-time as a research scientist. My wife and I are in the pur...