Phil Banks
How would you classify Albuquerque Metro MFH Properties
I'm new to RE investing and planning to start in the Albuquerque Metro area in January. I've been looking at small multi-family properties on MLS. It seems that everything I've seen on the market was built in 1980 and...
Tyler Youtzy
Classifying potential buy as primary or investment property
Hello all, first post.
Im looking to buy a new primary home while I still have another property on the books and not sure how it will be treated in a mortage.
I will explain the best I can and start with some backgr...
Jason K Green
Are all rehab expenses classified as Capital Expenditures?
If I am flipping a house, are the repairs I am making (carpet, paint, flooring, tile, countertops, etc.) classified as capital improvements or maintenance and repair? Where is the line and how do I determine that line?
Keith Jablonowski
What is your criteria for classifying a deal?
I see a lot of advice about how it's not important to hit a home run with every deal. String after string of single and double deals with score lots of runs and success over time.
In terms of cap rate and COC return...
James Masotti
Classifying Neighborhoods and Properties A to Z - A discussion
I saw a post from @Joel Owens on this thread and it made me wonder how everyone identifies their property types. By this I mean...you'll regularly hear investors say stay away from D class neighborhoods. Or I only inv...
Leo Poon
What scenario classify a deal as syndication or partnership?
Hi BPers,I want to know what kind of deal set up would classify as a syndication deal or a partnership deal. I have friends who are committed to invest in real estate deals together, but I don't want to get into SEC r...
Cody L.
Odd accounting question - How to classify security deposit bonds
We work with a company that'll allow a tenant to buy a bond in place of paying for a deposit. Say you want to move in for as little as possible. Rent is $700/month. Since your credit sucks and you were evicted 16 m...
Navid A.
What is my LLC classified as by the IRS?
I have a LLC with my wife and I listed as members under the Articles of Organization. Does the IRS consider this LLC as a sole Proprietorship? Also, since it's a pass through entity, I don't need to file a separate re...
Mark Silberman
Classify as active or passive for optimal tax benefits?
My spouse and I own rental properties. Our longstanding property investments had passive loss carryovers from the earlier years that are now going down each year due to passive profits. (The rental market is very stro...
Rick Jones
How to classify mixed-use property on Sched. E
I'm wondering how to classify my mixed-use property on schedule E. It has 6 units, 5 residential and 1 commercial and naturally it would be advantageous if I could classify the property as residential and be able to d...