Lizanette Velez
Tax Question - Improvements and "Placed in service" date
HI everybody! Newbie here from Maryland, loving REI everyday more!! I read some previous posts on this topic but still somewhat confused. (I hope to add a CPA to my team pretty soon). I have two scenarios that wil...
Julio Gonzalez
Deductible Repairs vs. Capital Expenditures
A capital expenditure is money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment. This would include architectural fees, new equipment, cost of protec...
Florence Crosby
Creative Financing for Commercial Real Estate
Is taking over the LLC a good, safe or viable option for purchasing a commercial property?
Adam Tutwiler
Appraisal advice on active reno
Looking for some info on getting a house appraised (primary residence) to gain access to equity in order to finish current renovations and start an addition.
Wondering if anyone has any experience with this - would l...
Hobart King
Setting Bid Limits for Tax Lien Sale in Indiana
Hi all,Just had some questions for the tax lien experts that have been around the block. I have never been to a tax lien sale and am planning on going to one in Indiana in a few weeks. I have never been to a tax lien ...
Quan Tran
Increase rent during pandemic, should we?
Good afternoon everyone, all inputs are much appreciated. We have a 3 family house with each unit having 3 bedrooms. The going market rate now in Worcester MA is between $1400 to $1600 if I'm not mistaken and I only...
Howard Maidens
Self directed IRA
I just learned about self directed IRAs and am extremely interested in this as an option. I was told that if I buy a house to rehab, that I am not allowed to do any of the work myself. That if has to be done by a lice...
Hoi Mak
New to real estate, BP and Portland
Dear all, My name is Hoi and I just joined BP today! I have been listening to the podcast for a couple weeks and just finished the book "Rich Dad, Poor Dad". I am learning so much from the podcast, but hope to learn m...
Bill Scott
RV and Boat Storage
I recently purchased the real estate that I had been renting for my business. It's an old car dealership with much more parking than I need. There is a 10,000 sq ft fenced in area and probably an equal amount of ...
Amber A.
Do investors typically carry flood insurance for rental property?
I own a rental property in San Antonio TX that is in a 500-year flood zone. However, that area has experienced quite a bit of flooding recently. Federal Funding for natural disasters doesn't cover rental properties. T...