Josh Edelman
Rentals to Military on TDY
Many military members come to Vegas for several weeks to months at a time for exercises and events. What does this mean? They need a place to stay, if not on base, and that my friends, is paid for by the military.What...
Pat Griffith
3-Way Partnership Structure
Looking for some advice on how others have structured a 3-way partnership. Partner 1 brings in deals and manages the business Partner 2 brings repair and renovation skills Partner 3 lives out of the area and brings ca...
Mitch Rice
DTI & The "2 Year Landlord Experience" Rule?
I'm a new investor and am just now building up my portfolio. I converted my first primary residence into a rental back in October of 2014 so I have only been renting it out for 6 months.I'm purchasing another in a few...
Naveen kumar Vadlamudi
Need Help on deal analysis and price suggestion - 1st deal
Hello All, i came across this college town property - it is a value add opportunity. 14 Unit Complex - 12 2bed/1bath & 2 1bed/1bath * Separate electric and water meters. Central heat & air*I made...
Account Closed
Question about Cap Rate
Is it considered standard to include all closing costs, capital outlays (for repairs, improvements, etc), and loan origination fees in addition to the sales price when calculating cap rates?I know that generally, when...
Steve Bronder
Remodel and Refi while rates are low?
I currently have a HELOC on my personal home that I mainly use to BRRRR rental properties with. I'm considering renovating my kitchen with my HELOC and rolling it into my mortgage to refinance while rates are low. I'm...
Deborah Frantz
Tax question on a rental property that was bought through a housing program.
The program required half of the profits from the sale be paid back into the program. A check was wired to the county at closing by the settlement company. Do I add this payment to the closing costs? The 1099-S I was ...
Laxman Molugu
Expanding Strip mall
Hello RE gurus,
I have a small strip mall with 3 stores with 4000 sft on 2.5 Acre land with 25 parking spots, I am planning to add more stores (4 more stores with 6000 sqft ), I had discussed with the town mayor and ...
Clay Sexauer
Quick Question About Lender required income
Recently my wife and I bought an investment property from an estate. This now means we own two homes, our primary residence and the investment property. Regarding the new investment property, initially, we were going ...
Marcus Hill
How to calculate land value for Depreciation?
Hi All,
In order to calculate the depreciation of a property, I need to separate the cost of the land. Any advice for how to caluclate the value of my land on a property?
I'm working on filing my taxes and need t...