Mike McCarthy
Ack! This new app...
I’ve been using the new app for a few weeks now and it’s just not getting better for me
*Writing a post ends up with everything scrunched together. No line breaks
*i miss the ‘recent topics’ view. I really like read...
Guy Yoes
Best way to deduct a storm shelter
We bought a trailer on 1 acre of property this summer. We decided to put a 8-10 person storm shelter on the property as we hope to add another trailer in the future. The renters were very concerned about not having st...
Callie Miller
Cost basis calculation for depreciation
I have a condo unit that was converted from primary residence to rental property in January 2018. I calculated the cost basis for depreciation when I filled my 2018 tax return and thought everything was good. But now ...
Brad Rondeau
Tax on my rental when I sell
Hello, My property is in Laguna Niguel CA. I purchased a 3 bdrm condo for $365,000 in Dec 2009 with 20% down. I now have a 4% loan but pay $280 in HOA fees monthly. I did about $16,000 in improvements - paint, carpet,...
William T Carey
Contract on a house. Tell me I'm great or that I suck.
I have a contract on a multifamily 4 unit. And I'm wanting to validate my decision to jump on this deal by seeing what you all think. This is my first investment purchase.
Listed at 279,000
Negotiated to 240,000 w/ ...
Talley Haines
Tax question about Depreciation
Can someone explain depreciation on a rental property. I’m new to the real estate so please explain it to me like you would a 6th grader.
Jerry Putsawatanachai
Can the city force me to continually do home improvements?
I own a quadplex in San Bernardino, and I've been recently getting a lot of attention from the city and their code enforcers requiring me to do a lot of home improvements per their guidelines. I've complied with a lot...
Jeff Rogers
Converting primary residence to rental - depreciation?
Hi BP community! New to this all, but have spent a couple months reading, listening to podcasts, reading forum posts. I started making an inquiry of an off market property and found a new/different opportunity from t...
George Ramsay
Private Lending Construction Loan
Hey everyoneI have a noobie question I was hoping the group could help out with. I'm doing my first construction loan for a rehab project and gave the first draw to the borrower. Draw was based on invoices and receipt...
Chet Cromer
New CAM expense to NNN tenants
New CRE owner here. One year into owning a 6 year old 8000 sf flex space that my main business leases 1/3 of with 2 other tenants.
All NNN leases and predictable CAM except this past year we had to reseal and stripe...