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Hi All. my husband and I are trying to turn our rental property (which is on our property with its own address) into a AirBB or short term rental. We currently have an awesome long term couple that has lived there for...
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Hey BP,I showed one of my rentals last night to a person who got through my pre-screening which includes asking if the person has had an eviction to which he replied, "Never". I did a quick search on his name and addr...
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https://www.kbkg.com/news/kbkg-tax-insight-tax-reform-changes-to-qualified-improvement-propertyAnyone who purchase a new building this year not they should do thisAnyone do it in 2018?MORE:Starting in 2018, there is a...
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Hi everyone and happy Easter :)
I am in need of finding out the proper procedures to rent out a house as a cottage/ vacation property.
I currently have a cottage for rent on trip advisor renting it by the day or we...
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Hello BPers, long time reader, first time post-er :)
We are trying to refine our analysis and are getting a little confused.
Example:
Purchase Price $80,000
Rehab $40,000 (not seeing bids this low in reality...)
...
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I’m looking at a couple properties out of state (Alabama, Tennessee, Indiana) with turn key companies because my California market is crazy expensive. I know I’m going to pay market price or slightly under. The proper...
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Hi everyone, hoping I could get some help from anyone that has successfully applied for an STR/Airbnb in Chicago. I have now been denied 3 times. I have a 2-unit and I live in one and would like to Airbnb the other. I...
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Hello everyone, I put an offer in on a short-sale property in the Hamilton area that used to be rented out as 2 units however it does not have an active multi-family registration. I know it is located in a district th...
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I'm looking for some feedback to get an idea on how much I'll need to put back for taxes on capital gains from the sell of my first home.
Scenario:
I purchased my home March 15th, 2013. I moved in the w...
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Hello,
Say I buy a triplex multifamily home with fha loan and I rent both units and I live in one and the mortgage is $5000. Then after 1 year I move out and buy sfh to living and rent the third unit in the multifami...