Nate Denning
CPA needed for one rental property?
I own 1 rental property and was wondering if I need to go the cpa route. I have been doin my own taxes through turbo tax but this will be my first year with a rental. I bought the turbo tax for investment properties b...
Jane Lee
Obtain a limited broker or real estate license?
Has anyone debated obtaining a 'limited brokers license' over a traditional real estate license? I'm trying to determine which makes most sense for self-investment property. To my understanding it provides a more dire...
Kelby Schimming
Seller Financing from a 100-Year-Old Neighbor
Hi BP, I am trying to work out a seller finance deal with my neighbor who is 100 years old. The property is a duplex, and he plans to give all the proceeds from the sell to his daughter. Her plan is to get the absolut...
Ari Steinman
Property Taxes in FL
Property Taxes is one of the highest recurring charges that we have to pay as landlords/investors.I'm told that in FL even if the taxes were low were a long time due to an old outdated assessment, after you purchase t...
Keith John
Conventional Mortgage 20% Down
I contacted my bank to have them begin a preapproval for a conventional loan. I told them that I was going to keep my current home and buy a duplex as an investment property. I was informed that the MIP/PMI companies ...
Hue Quach
ADU Owner Builder
Hi, I recently have gotten approval for my plans to build an ADU I the city of Glendora in California. My contractor who is not licensed as a GC suggested for me to use Onwer-Builder's Declaration instead of a Contrac...
Stephen De Vita
US Postage Stamps
Hello, I am not sure if this is in the correct place to post this. I am buying multifamily properties and reaching out to owners. I am sending 300 letters every 4-6 weeks. I was told getting USPS forever stamps is the...
Gavin Doyle
Cash out refinance
Hi everyone! My first property that I am closing on just refinanced for $60,000 over what I offered on it. Would it be smart to do a cash out refinance once the title is switched into my name? Thank you!
Mary Jay
Title transfer to avoid the lender to call the loan
Hi guys, so we purchased a property in my boyfriends name, my name is not on the loan and not on the lien, however we were buying it together (put the money together ) and we want to own it together. His mortgage co...
Chris Waugaman
Rental Property Depreciation Tax Question
Hi All-
So I purchased my first rental property 2 years old. New construction townhome. My question is about Tax write offs. So my account has told me to not take the yearly depreciation on the property for my taxes...