Sylvia B.
Electric or gas water heater?
Which would you choose?
We have a small house that we are completely gutting. We will be changing the floor plan, redoing the plumbing and updating the electrical, so we can choose either gas or electric for ...
Tim Williams
I'm doing my first flipping, do I need to hire an architect?
Hi there,
I'm doing my first flipping in Miami. I got this great house that needs some changes, such as replacing windows, new electrical, some plumbing and turn down a kitchen wall to create an open concep...
Tom J.
LLC's and Bank Accounts for Property Management Company
Hi All,Currently I am a Property Management Company with 20 units that I manage. At years end I will be forming an LLC and creating new contracts with the owners under the newly formed LLC.My plan is to just have 1 LL...
Mike D.
Techniques to report Capital Improvements as Repairs
I will be closing on a 4 plex apartment building this month. Each unit in the building needs new windows and could use some updates to the kitchen and needs new carpet. IRS rules require that repairs, when done as par...
James B.
Finding a good first deal in the Chicago market?
I want to invest in the Chicago market, but it seems so expensive to find a good duplex, triplex, 4plex.Does anyone have any suggestions how to go about securing a good solid first deal?
Christopher Smith
Commerical Real Estate
Hey guys so i have a question. Coming up on buying a 51 Unit apartment Complex. 8.23% Cap Rate bringing in 328K after all expenses. I have 2 lenders that will fund. One will do 80% LTC and the other is a Gap Funder th...
Sam Rios
cash on cash return
Hi, I just want to better understand how this works....when figuring the cash on cash return, the figures on the mortgare/ points / and closing costs, are these figures coming out from the seller side of their finacia...
James Masotti
LLC - Disregarded entity or requires own filing?
Brandon Hall, Amanda Han, @Jim Kennedy and any other real estate CPA's out there who would like to chime in.I had always done my taxes myself with TurboTax. Last year I decided to use an accountant who has a sizeable ...
Jonathan Giglio
NOI Question (Taxes)
From my understanding, NOI is calculated as follows: NOI = Total income - total operating expenses
I am finding some contradicting information regarding what should and should not be included in operating expenses. M...
Andrew Tyree
Government grants for first time buyers??
Hi BP community! I’m a new agent and am working with a few first time buyers and keep hearing about new Biden grants. Does anyone have any information on when this will be available or any other first time buyer grant...