Jim Hwang
Help determining depreciation recapture
Hi all,I've struggled for weeks to get a definitive answer to this, and am hoping the magic of the BP community comes through here: how do I calculate a rental property's total depreciation amount from which 25% will ...
Philip Tretola
How do you estimate costs to analyze past sales?
I am just starting to look at potnetial opportunites and I have been looking through past sales in MLS from several neighborhoods that I am thinking of investing. Without a solid grasp on what expenses and other cost...
Katlynn Teague
Looking for your first flip?
Good morning BP, are you looking for your first flip? How do you know if a "deal" is actually a deal? What do you need to look for, what needs to be considered? 1) Purchase Price:
Acquiring the property at a favorabl...
Eric H.
Anyone familiar with property taxes in the Cleveland area?
I'm currently looking to buy a house in the Cleveland area that has some massive cash flow potential but it seems the property taxes just dropped 45% this last year.
For the last 10 years or so the property taxes wer...
Jonathan C.
Most Recent Flip, $58K Profit, Pics and Numbers
Wish more could be like this one. Info below.Purchase: 119kRehab: approx 67kSell: 263kNet profit: $58k (really good one)How I got it: wholesalerMore details belowPics belowFinal ReconciliationTime from start to finis...
Account Closed
Property Analysis Essentials
Before you start to analyze property there is one “Rule” you should know about. Only after your real estate investment is under contract, should you prepare a comprehensive analysis that calsstatecompanies discuses in...
Tucker Walser
Determining ARV of residential multi family properties
Hello!
I understand that when determining the ARV of a prospective property comps play an essential role, however in some markets determining the ARV of a residential multi family property has been a challenge for me...
Timothy Christian Jr
Determining if your Cap Rate is good or bad
I determined the cap rate for this duplex in Greenwood, Indiana, earlier today, and it was a 7 cap in a B class neighborhood. How can I calculate my market cap rate (CR) with this data? How can I determine if a deal i...
Joseph F.
Buying using investor's money
I have several people interested in partnering with me to invest in RE. I have owned rental properties, in one form or another for 20 years. I have owned rental properties as a true form of building wealth, cash fl...
Braath Waate
Assigning 1031 basis in a subdivided property used as a home
25 years ago I bought an income producing farm with land and a house. I used a 1031 exchange from another business property to pay for it partially. I lived in the house.Skip ahead to today. I subdivided the house ...