Johnathon Chung
First Deal: House Hack AirBnB vs. BRRRRing a Separate Property
Hey BP Community!I'd love your opinion on the following question: Should my first investment be a BRRRR or transforming my 1,000 sqft detached garage / workshop into a short term rental unit?A bit of background. I've ...
John Chapman
Separate out personal property from real property on purchase ag.
I purchased a property a couple of years ago. I expensed the personal property-- appliances, flooring, window coverings,etc. I am now selling this property and want to know if I should have the personal property amo...
Socrates Ayvaliotis
Converting 3-Family Shared Heating/Hot water into separate units
Hi -
I am currently under contract for a 1960's era home in Jersey City. The home has a central Oil-Fired furnace which provides both heat and hot water to all three units. The current owner has agreed to remove the...
Marc Poulin
How to separate money from personal expense on first deal
I closed on my first out of state deal on the 30th of December and have tenets moving in very soon. What is recommended for bank accounts for the property, should I open account in the area of the property of could I ...
Jason Schlieger
Income-rent ratio multiple tenants. Combine or separate?? (WA US)
I
want to apply a 2.5x or 3x requirement (my rental price is 2000 on a
3bd sfh for reference). But i'm not sure if this should be combined for
multiple unmarried) tenants? I would appreciate your thoughts on a f...
Seth Kodner
Should we rent out a multifamily property with separate leases?
I am under contract for a property near Temple University campus in Philadelphia. It is zoned as a multifamily but not built with separate units.
Can we rent this out with two separate leases or does there have to be...
Yerry Balenzuela
how do i put 2 separate condoes under 1 offer?
I have 2condos,1on top the other, with a structuraly flawed deck that makes both unhabbitable.both are foreclosure sales and I want to include both in my offer. Any ideas how I can get 2sellers and 2agents under 1cont...
Brett Fine
Estimate $$$$ how much to separate meters in a multifamily/duplex
So I know that its ideal to have separate meters in a multifamily. I usually pass on properties that don't have separate meters out of ignorance because I don't have experience with converting to separate meters or ha...
Sean Connolly
Subdividing two properties on one lot and selling them separately
I own a 3 Family property. On 1.4acres, there is one Duplex ( 2 1BR, 1BA) and a single family ( 3BR, 1BA) I bought the property for 315K. I have 305K left. I have seriously been considering subdividing the two houses....
Jeff L.
Should you combine properties in a single LLC or separate?
I currently have a single member LLC with a commercial property under long term lease. I am on the verge of purchasing my first vacation rental that I had planned on putting in the same LLC. However, my accountant sug...