Wesley C.
Where do you keep cash reserves?
There is no right or wrong answer to this question, but I would be interested to know where you guys keep short to medium term cash that you are holding between deals. That is to say, you sell a property and you have...
Joe Roberts
BRRRR Investing Tax Questions
I have a few questions when it comes to calculating taxes on my BRRRR properties I am hoping someone can shed some light on.
1. I want to make sure from my research that I know how to properly arrive at the deprecia...
Carol Kotchek
1031 exchange what happens to the depreciation?
Hello All,I'm executing a 1031 exchange in September. I am realizing $300,000 from the sale ($100,000 profit). I'm planning on purchasing new property for around $270,000. That will leave me with $30,000 in "boot" wh...
Sharon D.
Converting personal residence to rental--tax questions
We bought a home in 2016. Moved out in July of 2021 and started a very drawn out rehab project. Finally got the place listed as an STR in December of 2022 and have been booked solid ever since.At what point do I sta...
Matt Messer
Negative Cash Flow on MFH
I am looking at a fourplex, that is listed at 117,000, Just based on Realtor's numbers and condition I would be looking to get the property around 105,000. Realtor said it would gross $19,479 yearly. I requested Sc...
David Toupin
1st Apartment Purchase Questions - 24 unit
Hello BP community! I am looking at a 24 unit apartment building currently. All of the numbers work, and I am ready to move forward. I don't have the funds for the down payment and I am talking with a few investors...
Kevin Sobilo
Profit First With BRRRR
I just started reading "Profit First" by Mike Michalowicz. It looks to be a simplified method of cash management. Does anyone here use this with their BRRRR deals? If so can you share your experience with it?It is eas...
Lisa Sperber
Short Term Rental Arbitrage
Hi All,
I am looking to start investing via STR Arbitrage. I started looking into Charleston, SC using AirDNA and though the returns look good, the restrictions are crazy.
Is there a location that works better f...
Ryan Davis
HUGE house hacker mistake...
When I bought my first duplex I planned to house hack. My mortgage payment was a supposed $906.59, and it was, for the first two months. Then I got an escrow statement in the mail. This letter made me aware that my mo...
Sam Leon
Too many vehicles
For a multifamily building with limited parking spaces, how do you allocate parking spaces?I have a fourplex with six spaces, all 1/1s, so I limit 1 space per unit with two guests. Thinking if necessary I can allocat...