I have zero experience in real estate investing but am trying to figure out county tax sale auctions. There are a ton of lots around me that have been vacant for years and some are being auctioned soon. I do know yo...
Hello! My husband an I bought our home July 2012. We would like to build a second story addition onto our cape cod style home. Our home is 1440 sq ft and is a 1.5 story home.We would like our addition to include an ad...
Short: Can the Cost Seg Study result vary based on "WHO" does it? Should I shop around?Long:Thanks to my awesome CPA, I've learned about STR Loophole and embarking on the first cost-seg study. As a noob, I wasn't sure...
I am looking for a detailed list of every expense and income taken into consideration in a SFR. Any market, just all the categories and amounts to set for them.
I'm sure this question has been asked a hundred times, but I recently purchased a duplex in May with a 7.125% rate. Now that it appears rates are coming down in the near(ish) future, what is a general rule of thumb on...
Hello, I’m going through all the steps and making a list of everything I need to do to buy land and build a duplex to 4 plex my self. The only thing I legally have to sub out is the foundation and plumbing(I’m a Elect...
Say you decided to place one of your mortgaged investment properties into an LLC for asset protection. You're doing what you can to treat your LLC like a business (it has its own checking account, filed separately fro...
Now that you have an asset, let's talk about asset protection. Below are a few strategies I've ranked from worst to best, which offer varying levels of protection. Worst:
- No coverage, held in your name.
Bad:
...
Dear BP members,I was wondering, what factors could possibly affect a property's value?If there's a public school across the street, is it a plus or a minus?If there's a bodyshop next door, is it an advantage or disad...
Hi BP,I am planning on selling my house before the 2 year mark. However, I am at about 22 months of ownership. Will I owe capital gains taxes? If so how much and how did you calculate this? Purchase price was $187,000...