Sara Peak
Purchase a car wash? Advice needed
I am looking at purchasing a car wash. I am overwhelmed a bit with the thought considering it would be a new investment for me (currently one SFH rental and 1 mulit family 6 unit apartment). However, I am very interes...
Alejandro Bautista
Recommendations for new gig
Good evening! Wanted to inquire from a few experts on what route to take for a side hustle I plan on running out of my garage. My wife and I are past 150k W2s and I also have an S Corp out of IL for rentals I own. Wh...
Michael Lynch
Capital Investments vs Repairs
I'm new to BP in terms of posting, but not in terms of reading/podcasting. I currently am an owner of two duplexes in Buffalo; one I live in and rent out half (owned 2.5 years) and the other I formed a partnership (LL...
Andrew Gudmunson
A brief overview on taxes
I just put an offer in on my first rental property! I’ve been back and forth a little bit with the sellers and it seems like we settled on terms that work for both of us! I’m super excited but I have a lack of knowled...
John Mullen
Request for help on rehab estimation
Hey BP, I have a question for anyone with knowledge of Columbus (or central Ohio, or maybe even the Midwest more generally): how do you like to estimate your rehab costs when analyzing a BRRRR or flip deal? The optio...
Joe Wood
Reducing taxable income ideas
Hello everyone,Interested to see what are some good ways to increase deductions in order to reduce taxable income. I am already acquiring one more property, but looking to see if anyone has some creative ideas out there.
Jake Sklanka
Are EOY Charitable donations from S Corp tax deductible?
Hello BP Community,I recently set up an S Corp for my RE business (Colorado RE Broker) at my CPA's direction. He's been out of office for the past few weeks and I want know if there's anything else I need to do before...
Bienes Raices
Convert gas appliances to electric for rental?
I haven't made an offer yet, but the house has a gas water heater and dryer (don't know about the range). Is it expensive to convert these to electric? (not in terms of getting new appliances, but in terms of adding n...
Chris Houghtaling
Buying a home Fla. $3000 cash deposit is in purgatory.. help
i have found a home in homestead Fl. i have been approved for a 3.5% FHA loan.I had made acash depositof $3000 back on May 28th. it was disallowed for use as down payment/closing but i don't have my loan docs yet and ...
Yiming Li
how to negotiate with seller regarding solar roof with lease?
Dear all,I am recently trying to buy a house as rental property. The house has one issue: it has a solar roof still in lease and the seller wants the buyer to take over the lease. We need to repair/replace the roof an...