Elizabeth Blazina
Cost Basis for a rehab?
Hi , I am curious when buying a rehab using the Brrr method.. Do you use your actual purchase price plus any added improvements as the cost basis for depreciation. Or can you use the new Appraised value minus the la...
Rabih El-Khoury
Partner Wants Out of a Property: Fair Business Practice Exit?
$126,000 property purchased by three partners, each putting the same amount of $42,000. Each partner holds the same number of shares, therefore.
All cash inflows and outflows have been split 3-way.
One of the part...
Loc Nguyen
Couple of questions for rehab project.
My first question is i was reading a book and they had an example of the cost when doing the project and one of the was Holding cost can anyone explain this one to me, this is the cost of holding the house and paying ...
Erik Pacpaco
tax write off to look at properties
Just wondering whether you are able to consider a trip to California a tax write off if you schedule a meeting with a real estate agent to look at properties? If so, what kind of documentation would i need?
Sindo Perez Esson
I have a quick question about my first buy
Hello, I'm a new member of BP from Miami. So yeah, about 3 months ago I started getting interested in real estate investing. I been trying to learn as much as possible these last three months. Today, I got pre-approve...
Ben Russell
Advice on option for rate buy down
I'm about to do a cashout refi on a rental and I'm torn if I should buy down the rate, or wait hoping that rates will drop and refinance sometime in 2024. I'd appreciate some thoughts and advice The rate is 7.9 perce...
Diana Bakema
Closing Costs (on a FHA Loan)
Hi everybody!I am doing some research on the “cost to buy a home” within a FHA loan.Besides the downpayment, we have those closing costs.As i am looking in FL with a credit score of 720/730 how much would that be?Any ...
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where is your break point for a flip.
I have seen some posts where people quote a 1% per month return on rentals or something like that. If you are a flipper or rehabber, at what point do you decide well maybe this property is better suited for flip, rent...
Brian Silvia
General rule for cash flow vs total cash invested?
Is there a general rule of how much total cash should be left in a deal, vs the monthly/annual cashflow?For example, if I were to BRRRR a property and end up leaving a total of 24k cash in the deal, knowing that it sh...
Dustin Awtrey
Depreciation on new duplexes
If I am building a new duplex on a lot that is already paid for and it cost me $100,000 to build, and the finish product is worth $250,000 and the value of the land is $50,000 which amount can I depreciate, the $100,0...