Michael Bertsch
depreciation basis in cash out refinance
Question for you CPA's.
Let say you pay $75k cash for a house. You renovate it and a few months later it appraised for $125k. Now you do a cash out refinance at 75% LTV on the $125k. Land is valued at $20k
Can you...
Bonnie Drafs
Bank Ownered Fixer that Became First Rental
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $115,000
Cash invested: $15,000
Sale price: $169,000
Fixer - then rental.
What made you interested in ...
Rudy Hernandez
How to property do an expense sheet Real Life Example
Hi BP members,Hope all is well.I have been managing my own expense report and am stuck on what I feel like is either obvious or I am just oblivious to it. In my expense report, I include 5% maintenance fee for any fu...
Jason King
Response Rates for Purchased Lists vs. DforD
Hi All, Question to some of the seasoned marketers out there - has anyone ever compared the response rates for marketing campaigns derived from a purchased list (via Listsoure, etc.) vs. Driving for Dollars? It seems...
Mark Forest
Books on choosing a multi-family buidling
There are several book out there on managing apartment buildings, but I would like some recommendations on how to initially choose a building.
Account Closed
Learning how to rehab properties
Does anyone have any advice how a person who has no prior experience in construction/rehabbing properties can learn the tricks of the trade? I currently work a full time job in another field, but was considering getti...
Jaden Ghylin
Direct Mail Consultant or Agency
Hello all, I hope you can all point me to some options here. We've been doing a lot of online marketing successfully and really saw great results when we started to hire experts in the proper marketing channels to ma...
Katie Beth
I feel so behind and need help
Hi All! Glad I found this place after a friend recommended I join. I currently have 5 rental properties that in total cashflow $422/mo. (all 5) I haven't bought anything in over 2 years because I am struggling to find...
James Meehan
Getting Tested?
Not you getting tested...getting the building tested!
As a Home Performance Expert I run into many situations of uncomfortable, unhealthy, and too often unsafe indoor home environments. When it comes to getti...
Will Toress
Seeking advice on tax deductions for STR that's under construction
Hi all, been reading a ton about taxes related to STRs but still have some questions. I bought the property in 2022 with the intent of making it a STR that year. However, when starting construction, we found extensive...