Julio Gonzalez
Example of Cost Segregation on an Office Building
Let’s say you purchase an office building for $14,000,000 and the value of the land that the building is on is $2,000,000. You have $12,000,000 in depreciable assets. Without a cost segregation study, you would deprec...
Liz B
“Murphy’s Law†for Landlords
Thought I'd share a couple of lighter (?) moments about being a Landlord... and would love to hear stories/experiences from other self-managing Landlords
Murphy's Law #1
Your best tenant will get a job transfer durin...
Tell Szpp
What should I look for
Hey all,I was hoping you could offer me some insight on a unit. I’ve been chatting with an older gal who is looking to sell her full duplex. She has evicted 1 tenant, and is in the process of evicting the other. She w...
Matt Ten
Help interpret inspection results?
I just received the results from an inspection on a house I closed on (REO). My first flip and I’m trying to interpret these results to make sure I budget correctly. Any initial thoughts and budget numbers you (experi...
Hemal Adani
What to look for when buying new construction?
Hello Folks, I am looking to buy new construction properties. What do I check? Like builder, warranties, etc
Patrick Rowe
HUD Situation
I have a hud property under contract. I tried to get the utilities on and the permit office says the water needs to be on before they came out. I spoke to my realtor about turning on the water and she said Hud will no...
Seth C.
Distinguishing maintenance and capital expenses
Looking at P&Ls I see a lot of stuff that is placed in capital expenses that seems like it should be in maintenance, ie above the NOI line--but I don't know completely what the industry standards are.There are thi...
Kyle Kyzer
Building Structure vs Building Systems
Hi All,I got recently received this email from my CPA:"The new [IRS] regulations break apart building property into a 'building structure' and its 'building systems' for the sake of the improvement rules and say that ...
Andrew J.
City of Milwaukee owned properties
To my fellow BPers, I wanted to reach out to see if anyone had some advice/feedback for my particular scenario:
3 weeks ago we received an accepted offer for a City of Milwaukee owned tax foreclosure. With ...
Renae Bouchard
Help me avoid falling into a money pit!
Hi BP Members! We are purchasing our first deal from a wholesaler, set to close on Tuesday. The house is the biggest project we've taken on so far, and I am hoping to manage this mostly on my own. It is a duplex, buil...