Lorenzo L.
First Single-Family Fix and Flip at 21 (NEED ADVICE)
Hello all,I'm looking to do my first single family fix and flip in the Greater Boston/Worcester area. I am reaching out to experienced flippers to help me make the process as smooth as possible. Can someone provide me...
Keith N.
Which qualified intermediary to use for 1031 exchange?
I’m going to list one of my rentals for sale in about a month when the tenant moves out.I will probably net about 60K from the sale (after all transaction fees). My goal is to use about half of this net profit (30K) a...
Carlos Perez
$0 Land Value possible? What depreciation can I use?
Hi, my first BP question here.Im looking at a property in the property appraiser website of my county and its showing this property as having $0 land value. The property is a 2nd floor apartment and is part of a condo...
Baha El Far
help me with a smart decision ( short term rental VS long term)
All,I hope you are doing great.I have an apartment 2bed/1 bath that I own and I am not sure if I should rent it out as a short-term rental/airbnb or long term. I heard the tax rates for short-term rentals are higher a...
Joe Kim
July 1st deadline for STR tax in Indiana
I just found out that by July 1st, 2019 it's mandatory to collect sales/occupancy tax for STR in Indiana.It's unclear to me if there are two taxes - sales tax (state) and EXTRA occupancy/hotel tax for each county. My ...
Gabriel DeVita
Closing Cost Question (am I getting worked over?)
My first property is officially under contract. It's a small 2/1 here in the Upstate of South Carolina. The purchase price was $72k and I agreed to pay closing costs, which I assumed would be $3-4k... Boy was I wrong....
Aaron K.
LLC Question - Separate LLC for Managing and Owning?
I'm closing on my first property soon. It's a property I've been renting for my business for a few years, and there are three other rental units on the property in addition to mine.
Here is my LLC plan:
...
Leighton Lawrence
Tax Delinquent Properties
Good morning all. Does anyone market to a tax delinquent list in Texas? If yes, how do you get your list to mail to?
Thanks.
Berry Starnes
AirDNA calculator question for STRs
The question I have is when Customizing your estimate on expenses in AirDNA. I do not currently own a STR and am looking at the numbers to see if one will work in my situation.
The average daily rate includes cle...
Alexie Franck
Closing costs from 13k to 17k for $380k NJ home
Hi All, I need another opinion/clarity about my closing costs. Home is a multifamily for $380k, conventional loan, bought 1 point and interest is 6.125. Initial closing cost estimate was $13.5k. Just received disclosu...