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High earning W2 income looking to offset taxes with a cost segregation study on a STR. More than likely would be purchased early November, so would this make sense to pursue?If i'm not mistaken, you need to show proof...
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I got two insurance quotes for the same property. The replacement values are drastically different, and so are the premiums. I would like to find out what are some good websites with calculators you use to calculate r...
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Hey BiggerPockets fam! I plan on buying my first property by January 1 at the very latest. I just kind of wanted to tell everyone my plan with my partner and see what you all think. Constructive criticism welcome! I p...
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Hello BP!I am working on closing my first duplex deal in Mount Clemens Michigan. The duplex is 2 - 3/1 units with a price of just over 100k. The loan I am using is an FHA loan with 3.5% down. I received the closing co...
ball park estimate. if comps run on a house at 250k in a neighbhorhood, and every other house is worth 250k as well. what does it cost to demolish and rebuild that same house?
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Hello BP Community. I’m kind of in a weird scenario here and I’m looking for a little direction.
Six months ago my wife kids and I moved out of our owner occupied duplex and purchased our second property single fa...
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We just set up our LLC in Illinois to flip houses. I'm preparing to file for our EIN with the IRS and need to decide if we want to be taxed as an S-corp or partnership. I'm all for S-corp except for the requirement ...
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Hello, I haven't done my first deal yet. I'm worried I won't have enough money to pay the title company for doing a title search if my deal falls through for whatever reason. I also heard that I should tell the title ...
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This is a scenario that I have not run across before. These numbers are roughly based off of the auditor's website.
A commercial property has a higher land value (100k) than the depreciable improvement value (60k). ...
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I have a house under contract for 138k. ARV is 240k. Rehab is 30k. I'm offering half of the net profit to an investor who can provide all the funding. Do you consider this to be a fair deal for both sides? I'm also a ...