Herlando Y.
First House
Hello BP,I am in central jersey and trying to acquire my first property. Property is built 1970's. It is very clean inside and the electrical and plumbing all seems to work. No mold in sight and structurally sound. T...
Joshua Taffe
Am I getting taken advantage of refinance closing costs
I have 400,000 in equity in a deal... I am trying to do a cash out refinance for 160,000 the mortgage bank I am working with is giving me the 160,000 but out of that I am walking out with 75k... 40k towards debt... An...
Ryan Elam
Looking for CPA - STR Tax Strategy
Hi there,
I'm a new STR investor and am looking for a CPA who is an STR tax expert. In particular, I am looking to deduct 20-25% my STR purchase price.
Donte Rome
Title company pushback
What are some strategies you use when a seller wants to use their title company instead of yours?
maybe countering with other contingencies? or just stand firm with using my title company? Trying to lock this deal u...
Chris You
Questions on building custom building cost Los Angeles, echo park
Hi BP folks,
I own a duplex that is zoned to add a stand alone third unit to make a triplex. After going through different options to build ( prefab or custom) I’ve decided to go custom because I’ll need to add parki...
Adam Roberts
Quickbooks & property appreciation
Team - has anyone (who uses quickbooks) been told by a CPA to hold their property values steady (i.e. original purchase price/value) in their books around tax time? It would be nice to have an accurate picture of tot...
Justin Cox
Starting an LLC or Corp?
So currently, I don’t have any properties but I am wanting to go ahead and start either an LLC or a Corp. What is the difference between the two? Would an LLC be better for me since I’m just starting out? And is there...
Bobert M.
CAPEX - actual vs replacement
Rental properties:First, when figuring the Capital Expenditures for improvements, and their ages, is there a standard age range for certain things, such as 10 years for flooring, 20 years for windows, etc... or are yo...
Aaron Friberg
Next Steps for Property Development Project in San Diego
Hello All, We own a large lot in Hillcrest that currently has 4 units(1 building). Next step is to develop the property, but need to figure out whether it's better to add a couple ADUs or tear down and put up an apart...
Ricky Stafford
What should I use as my cost basis? Inherited rental property...
Parents built a house in the 80s and just built as they went - no record of what they paid. Parents deeded over property my sister and I in 2013. I renovated and started renting out 33% of the house in 2014. I have th...