Colin W.
Conversion to Rental Property - Tax Basis
When converting a property from personal use to a rental property, I understand you use the lesser of the adjusted basis (AB) or FMV. I've looked at comparable sales in the neighborhood at around the time of conversi...
James Warner
How to pay a private investor?
I'm guessing this is the right sub-forum since this is a tax/withholding/legal/investor contract kind of question. Please point me in the correct direction if I've put this in the wrong place.I have wanted to invest ...
Winston Jimenez II
Using Detached Structures to add Square Footage to house
Hello!I have been reading through the BRRRR method and was wondering if detached structures are included in the homes square footage. If not, what do you have to add to ensure it is included in the square footage? Let...
John Gillespie
BRRRR in an LLC Partnership
Can you use the BRRRR method if you have formed and LLC Partnership? I am very new to real estate investing. I have not formed a partnership as of yet, however, it is looking like I will be doing so at the start of ...
Robert Mendenhall
Older area home issues
Good morning BP,Ive been digging in and looking for a multifamily in Columbus to start my REI journey. I was wondering about some issues to look out for in older home areas. A lot of the homes were built around 1900. ...
Stefan D.
Delayed Financing ALTA/HUD Question
Hey Bigger Pockets People,I'm closing on a house very soon, (Tomorrow, Friday 9/6!)I'm planning on paying cash, putting the rehab budget in escrow, and then using the Fannie Mae Delayed Financing provision. I'm putti...
Andrew Stewart
prepaid rent tax issues
I am about to sign a lease with a tenant who is paying the whole year upfront. It is mid November and I am concerned about having 10.5 months of rental income for 2016 being on my 2015 tax return. This will raise my t...
Latasha Shipman
Seller Finance BRRR or ...
Scenario: Structured a seller finance deal, Terms: $10,000 down, purchase price 32,000, 3 year balloon payment, 6% interest. I spent $21,000 in rehab, home has been appraised for $114,000. Although, I have someone w...
Karl Fabian
Termite Fumigation Alternitives
[b]There is finally an answer to, “ Is there a way to Kill my termites without tenting my house and filling it with poison lethal gas?â€
Realty owners no longer need run the risk of poisoning, death or health inj...
Chris Stromdahl
Determining FMV?
My deal analysis process continues. Having great fun and learning a lot along the way.With that said:Investment property in the area that I am focusing on is overvalued. Because of this I would like to be able to appr...