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Would love some opinions on this one. 2-family built in 1920's, plumbing/heating updated last 5 years, electric updated last 15-20 years. Everything else recently re-finished (floors, paint, drywall, etc). Prelimin...
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Hey all! Right now, I operate 5 short-term rentals in Florida and have considered getting into the Columbus, OH market for medium-term rentals, and possibly STR for a part of the year as well. I am curious as to wheth...
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I recently closed on my home, and have more months that I am supposed to owner occupy. I was fired from my job, and have two job offers out of state. My questions is how do I move without committing mortgage fraud? I ...
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Quick question for a tax professional, I've read extensively and started to draft a modification for our partnership operating agreement - but want to verify that this method works. Since we use our personal vehicles...
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I have a number of rental properties mostly single family/duplex. I typically charge one months rent for a security deposit. Recently I charged two months because the person was self employed and verifying the incom...
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Here's the situation: There's a 32-unit apartment building originally purchased in the 1970's by three business partners. As the years have gone on, those original owners have passed away and the building has passed...
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I own a property through an LLC with 5 partners. I know I need to prepare form 1065 and K-1s, but I can't figure out how rental income/expenses fit into Form 1065? Is rental revenue my sales, where do operating expens...
Looking at purchasing a 1996 duplex in a good neighborhood. The person selling the duplex tells me it has a 10% cap rate which I can't confirm. I come up with a 6.9 cap rate. Is this a good buy?? If I go by the 50% r...
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HelloNew to posting on biggerpockets forums but have been reading and watching many podcasts. I’m a new investor interested in purchasing my first turnkey investment property. I’ve been looking at turnkey properties...
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I started down this path of real estate investing just over a year ago, and am now on my 3rd property (six doors). I realised pretty early on that with buy and hold your success is as much dependent on the tenant as t...