Tom R.
Need advice from someone familiar with CA trailer park laws
My friend and I live in a trailer park in a trailer which my friend owns. A couple of weeks ago my friend received notice that the park is raising the sewage fee claiming that the city raised their sewer taxes. I keep...
Brandi Vigil
What is the minimum profit margin for a fix and flip?
We live a market where inventory is extremely low and prices are high. Every fix and flip opportunity we look at, we will barely clear $10k-$20k assuming there are no underlying issues. Can anyone recommend the mini...
Ramaranjan Ruj
Buying an investment property in current environment
Hello,I'm considering purchasing an investment property in Glen Allen, VA . The the property is a townhome listed at 400,000. However, the builder is offering incentives worth $20,500 ($12.5k discount on purchase pric...
Jazzmine Johnson
Newbie Looking to Connect
Hello Everyone ! I am new here but am interested in learning about buying properties with Tax Liens. When I pay the tax lien does that mean that I have to pay a mortgage on the property as well?
Jared Boundy
Electric Wall heater options
Hello BPers,
I'm planning some repairs on a rental property that I'm closing on next week. Went for another look this week and realized the downstairs unit doesn't have heat in the bedrooms. So I'm considering the...
Josh Brosius
First rental rehab! Bathroom tile or pre-fab?
I’m rehabbing my first rental and I’m running into some issues that have varied opinions when I research it. I have a super small bathroom on my first floor I’m going to fix up while I live in it. It’s only a 6 by 5 b...
Jean Pierre Viergutz
FHA 203k Loanfor all 4 units or only owner occupied unit of apts
Hello all, I'm back after a brief period and been reeducating myself on everything I learned last year. So here I am, future rehabilitation center therapist, graduating from a graduate program in two years, looking to...
Stephen Sayles
Bonus Depreciation for 2024 and short term rental loophole
Does anyone know with the recent Tax Cuts and Jobs act for 2024 if bonus depreciation of 100% has been extended to 2026 for short term rentals? I believe it was scheduled to go to 60% this year. I am wondering because...
Adam Mathews
Average cost for REI CPA/Tax Accountant?
We have 27 properties all under their own LLC's (each LLC has between 2 and 4 members) plus a couple other misc. entities (totaling ~33) and recently our accountant of 40 years retired. We have been searching for some...
Reaz H.
Repairs and Inherited Tenants
So I have inherited this tenant couple from the previous landlord. After observing the property for a while, I've come to the conclusion that the landlord was very lax with the rules and these tenants are going to be ...