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Is it better to claim everything you can as far as write offs or pick and choose? I've had people tell me both. I'm a new 4plex investor and I'm pretty clueless on doing taxes for real estate business. I want to buy m...
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Hi all!I am in the midst of hashing out the last few legs of my business plan. In short, the business will consist of placing 3-5 nordic-styled tiny homes on some land (TBD) in Northern Michigan. When it comes to fina...
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Hey, question for anyone familiar with 1031 exchanges. I have a rental property I’ve held since 2019 that I’m considering selling. Would I be able to do a 1031 if I’m buying a primary property with an ADU that I would...
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Hey BP family. I'm looking for some different avenues of approach for the following scenario. I'm currently flipping houses aka chasing cars for the last year and now that I've finally caught one, I'm not sure what to...
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City- Oak Park, MichiganPurchase- 85,000 from a wholesaler.Rehab- 26,000 plus 3,000 allocated company overheadARV- 180,000Rent- $1600/monthI'm very happy how this one turned out! I purchased it while rehabbing a nearl...
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I am a long time investor in JAX, but live in Oregon. I have one tenant in JAX who has gotten several months behind in rent, after he was laid off due to Covid cutbacks. I understand that Florida was to get some $8...
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I know that being part of an HOA can mean that issues such as roof repairs, ventilation problems, etc. are often fixed by the HOA, so when you are analyzing a deal do you typically decrease the percentile allocated to...
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Hi,
I'm an investor looking to acquire land, build, and sell luxury homes in the Scottsdale/PV area. I'm looking to identify a builder with the following characteristics:1) Eager to grow his/her company and reputatio...
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Hello everyone! I am looking for multifamily deals in my area and I have enough for a downpayment on one that I found. This will be my first deal and it is all the cash I have if I buy it with a dscr loan. My thoughts...
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Hello all - Long story but any help would be much appreciated.• I purchased a small 1B/1Ba condominium in a high rise building in 2004 for personal use.• In 2010, I moved out and decided to put in in service as a rent...