Kevin Brown
Figuring Out Asset Value in Accounting
I'm pretty good at figuring things out, but this is a conundrum I can't seem to conquer.When I purchased my SFR it became an asset in Quickbooks for the Land value and the House value. I depreciate the house value eac...
Jing Wan
Trying to buy a fourplex...is it worth it?
I'm very new to this, I have been reading some guides on this forum and getting some basic ideas about investing in fourplex. I recently came across a fourplex that I like, it's build in 1965, the listing is $773,900 ...
Vince Iacobelli
3953 E Mound Fix and Flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $138,000
Cash invested: $30,000
Sale price: $224,900
This was a straightforward fix and flip. The house was is ...
TJ Cone
HOA fees to potential tenant
For those that rent houses in neighborhoods with OPTIONAL HOA fees....What is the standard procedure as to who pays this? Obviously, the renter's family would like to take advantage of the swim and tennis in my neigh...
Shawn C.
Expense deductions for 1 Bed/1 Bath in Single-Family but for only 6 months
I've calculated the tenant-occupied vs. owner-occupied ratio and understand that for expenses that are for shared areas, that ratio would be applied at tax time to deduct. However, if it's only for 6 months out of the...
Shawn French
Is this normal or sleazy in the banking world?
Hey there, I'm a newbie investor and while getting my first mortgage, the rep, from one of the big banks, included a life/disabililty insurance policy that already had my health questions all answered (all "no"s w...
Jarred S.
Duplex Cashflow Structure
How do you break down duplex cashflow? By unit? What I am asking is do you want to make your $100 cashflow on each unit or the whole property combined?
I have heard some different answers. Some of the answers pertain...
Jason L.
Determining Profit Share for Spec Home - Risk vs Capital/Other Contribution
Hello BP, I'm looking to build a spec home on a piece of land I own in a relatively affluent Bay Area neighborhood. I'm negotiating with a prospective partner who is an experienced developer/RE Agent in the area. ...
Charles Whitaker
Leveraged Line Of Credit
I have been looking into a business Line of Credit and have a few questions:- I notice that some people can obtain a huge Line of Credit based on a very small piece of collateral (let's say a $500k LOC on a $100k coll...
Derrick E.
Is this a good deal?
Need some advice: I’m a buy and hold investor but I’ve been wanting to fix and flip and came across what I think is a good deal. Can someone more experienced advise me on this?
ARV: $158k (according to Prop Stream)
...