Will Coleman
Applying for a RLOC to flip houses
Howdy all, I am looking into applying for an RLOC (revolving line of credit) in order to flip houses in the DFW area. I am looking for some advice. I currently have two houses with some equity that I could use as coll...
Benjamin Arritt
Rental Property Management Software: A Directory
A directory of rental property management software and applications that will help you automate and systemize REI passive income.
With a few notable exceptions, most of these we have not personally tried or vetted (y...
Andrey Y.
Initial vs. Refi as the source for depreciation deduction
Quick question for you folks. Say a property was purchased in 2011 as a primary residence, was placed in service as a rental in 2016, but was also refinanced in early 2016. How would you go about calculating your cost...
Troy Pauls
Tracking Expense for Real Estate Business Before Business Account
Hello All, I have been working on my real estate business for the last year. However I have not had a business account and have been using my personal funds and Amex for my expenses. So I need help understanding how t...
Cooper King
Valuating 80% vacant commercial property
Hello everyone,I am looking to purchase a commercial property and was wondering if you could help with the valuation. The property is 10,000sq one floor office/medical plaza that sits on 1.5 acre of land. It was built...
Austin Haygood
Banking & LLCs & Property Apps, OH MY!
I just recently purchased a duplex in York County Maine. I wanted to open an LLC in Maine, and am considering one in Wyoming. I am looking to purchase further properties in the area over the next several years. It a...
John Horner
Alternatives to outrageous Obamacare priced health insurance?
Hey all, I quit my W2 6 months ago with solid reserve set aside and a proven business model. My business is going well and my wife was being offered insurance as a part time RN, but as of December 31st they are resci...
Account Closed
What is the point of business credit?
Hi everyone,I see a lot of posts about people wanting to build business credit and how to build business credit, but I'm not sure I understand why you need business credit.I just started investing and am planning to s...
Roberta Marcos Marcos
Taxes - Not a RE Professional
Hi all,
We just backed out of purchasing our first investment property as it needed a new roof (per the property inspector and 3 roofers) and he refused to submit an insurance claim (saying the roof has 10 more years...
Dan Costantino
Tax impact of Guru classes: What and how can I write off?
I know BP hates guru's :-) However, I did some bootcamps this year. I know what money I spent wisely and which I wasted. Please save your breath on that.
My question is, am I able to write the cost off? (Th...