Mike Dawson
Recommendations for affordable motel insurance?
Hi all. I am in need of insurance for a small(20 unit) motel in Kansas. The current company just quoted me more than double the existing rate. They claim that the replacement cost has gone up 400k since the policy ...
Greg O'Brien
Clearing Up Confusion on Tax Treatment of Short Term Rentals
Hi All - I've seen quite a bit of confusion on the application of the Passive Activity Loss Rules and Short Term Rentals. Beyond BP, there is a lot of confusion in the accounting community as well but the same rules...
Jennifer Ward
Contractors, when is a permitted project considered complete?
Contractors, if a scope requests a permit, in this case for a panel upgrade ....in your opinion, is the project considered complete when the actual work is done for the panel upgrade or when it has passed final inspec...
Jason Chan
Trying to get license in CA with misdemeanor
Hi all,My name is Jason and I'm new to the forum. I'm someone that's looking to get my real estate license in CA. The only problem is that I have a misdemeanor on my record and I know that can be a reason for the boar...
Jim Goebel
Opportunity Zones Research
Greetings all. After seeing 'Opportunity Zones' mentioned in a news article last week, I have it on my to-do list to research the landscape for these. I will be updating this thread as I learn relevant items. Pleas...
Rob U.
Buying house below Base Flood Elevation (BFE) at Jersey Shore
Hi all - I’m hoping to close on my first investment property (!!!) and considering buying a house at the Jersey shore in the Seaside, NJ area. The house is below the BFE determined by FEMA, but have confirmed with the...
Vikranth Biradar
Qualifying for Depreciation using STR
My short-term rental is out of state but I manage it remotely (mostly guest communications and troubleshooting issues) and if I include in that the time I spent getting it ready to rent, I would say I materially parti...
Jonathan Baptiste
Any advice on finding dependable contractors
I am doing my first deal that needs substantial renovations. I'm a pretty handy guy but this would be outside of my realm, but my experience helps me understand how much this type of improvement should cost.Improvemen...
Ellie Narie
Can you deduct depreciation if your S-corp manages your property?
If you have a rental and set up an S-corp that will take 100% of the profits from the rental (can you do this to begin with? to avoid self-employment tax), and the S-corp's income will pass over to you, can you still ...
Stephanie Lewis
Wholesaling Land in Florida
Hey BP!Just received a call from a potential motivated seller looking to sell close to 5 acres of land. Is there any issues with this vs wholesaling single family ? Any tips or insight on evaluating this potential de...