Account Closed
Multiple 'de minimis' safe harbor elections?
Good Morning All! Two questions actually.First, is the 'de minimis' limit for an individual landlord $500 or $2,500? I read Amanda Han and Matthew MacFarland's book and understand (or interpret it anyways) that the li...
Jason Krivickas
Seeking Clarification of the "B" Process in BRRRR
Hi All. First off, please pardon my naivety, as I am a complete newbie. Though I've listened to and read several examples of those successfully implementing the BRRRR strategy, there is a key component that I still ...
Erin N.
De Minimis Safe Harbor
I paid $30k for windows this year. 60 windows @ $250 each. My invoice is itemized. Can I claim de minimis safe harbor since each window is less than $2500 and my invoice is itemized? I didn't have to replace them a...
Allyssa McCleery
initial walk through inspection checklist
Hello all,I wanted to create this topic as a separate thread. This is in relation to developing a rough plan for a property during the first walkthrough.What specific areas of a home/building should one be on the look...
Jacqueline Canteberry
House flipping without money down
Hello everybody I'm Jacqueline, currently just trying to acquire information on house flipping. I'm a Keller Williams Realty student preparing for my salesperson exam. However, I'm a Westgate timeshare owner trying to...
Paul Ellerbusch
Power line stops. 5mi from my lot. Can I request an extension?
There are power lines that stop about .5 miles from from property on both sides. I am buying 20 acres and plan to build cabins (there’s already a small cabin there). I have looked into solar power but it would be a hu...
Quinten Sepe
Mortgage Rate Options vs. Lender Credits vs. ?
Hey All,My mortgage broker got back to me with three options for our fee summary and amortization schedules.Option 1: Interest rate: 3.875%Lender credit: $340.52Total cash from borrower: $7,082.68Total monthly payment...
Easton Hill
Getting in the flow while modeling a deal!
Last night, I got into the "flow" and got absorbed into a financial model that I was building in excel . . .Three hours passed without me noticing . . .One area that I enjoy in real estate is being able to create fina...
Richard Pallarino
Resources - Vacancy Rates
Hi Everyone,
Pretty new here, but I am excited to be part of the BiggerPockets forums! My partner and I are looking into certain areas to invest in, but we are having trouble verifying vacancy rates. One website says...
Colton Luchsinger
Proud Business Owner has Relocated in Omaha, NE!
Good Morning BP!First off, I'd like to say that Commercial Real Estate is still a strong industry to be in right now - at least in the Midwest. The businesses that are able to make it work and stay afloat are the ones...