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Hey everyone - new investor with some basic questions. I know this probably sounds pretty elementary, thanks anyways!
I have one rental property that was purchased with a VA loan and was my primary residence for 15 m...
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Hi,We are closing on Friday on a property upstate that I would like to use as a vacation home and rent regularly through VRBO/Airbnb.I've read of the importance of keeping a separate bank account for our rental proper...
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Hey all the financial guru's out there! Got a question. We purchased a wholesale property in Venice FL Feb of this year.Our plan is to rehab it within a couple months and turn it to airbnb!Ok, so back before we bought...
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Hey everyone, might be shooting in the dark here, but has anyone here done a Section 8 (or LIHTC) multifamily development project? I've looked at a few Section 42 properties we could have bought but I've never approac...
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Hello BP,I had a question on the best way to approach my taxes with my current house hacking situation. My property is a double, with our tenants in the downstairs unit and my girlfriend and me splitting the upstairs...
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I've started trying to value multifamily deals, but having some difficulty knowing what is reasonable to estimate for maintenance (i.e. repairs and capital expenses). Does anyone in the LA area have a general "rule o...
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We moved to a new state about a year ago and bought 2 STRs as part of our retirement 'plan'. Fast forward to April 2021...I took all the pertinent info to a new Tax guy that was recommended to me. We are under an exte...
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Hi everyone, I’m trying to acquire a property in Albany, NY. Do you think I should go for it based on the numbers below?The property price is $205KTotal Monthly income from the 3 units: $2,583. Monthly expenses: $2,32...
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How is the capex reserve fund handled tax-wise in an LLC (or S-Corp)?Over the year, a portion of the rental proceeds are siphoned off into an account for future upgrades (roof, furnace, rehab, etc). Does that count a...
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I'm purchasing a home in a suburb of Cleveland with Hard Money. My original intention was to flip the property and use the proceeds to help purchase a small multi-family home but am now considering holding the Single...