Chris Armstrong
Really Trying to understand Depreciation and Recapture upon sale
Hey BP I have been thinking a lot about the issue of depreciation on rental properties and what happens when you sell one after a long time without use of a 1031. I guess I have been thinking about a property that is ...
Rick Howell
Change your Routine, Change your Business
By our nature, we are creatures of habit. We tend to drive the same route to work every day, eat at the same restaurants, spend time with the same people. While there’s nothing inherently wrong with this, there is som...
Tanya R.
Older multifamily no wall insulation New England
I have a home inspection coming up Monday for a 3 unit triple decker style home that was built in early 1900's. It's been mentioned that it may lack wall insulation based on age and listing price. While that sounds ...
Mike Lynch
Repairs vs Improvements in the eyes of the IRS?
Hi,The foreclosed home that we bought over a year ago is about to go on the market this week. It was torn all to pieces when we bought it. Many things needed work and either had to be purchased or rebuilt to new condi...
Anthony Stavro
Has any agent used any ChatGPT?
Has any agent been using ChatGPT recently? Has it been working?Has anyone been interested in trying?
Jason Mak
How is the TI allowance handled in your market
Hello BP,Was wondering if there were any commercial (retail/office) landlords that can chime in on how they were offering terms on TI. Are you offering a TI allowance as an upfront incentive (where the tenant does n...
Jordan Burnett
Net Income and Distributions Calculation
Pardon my ignorance, but in reviewing some income statements for investments I'm trying to make sense of some napkin math concerning Net Income and Distributions. For distributions to occur for a multifamily property,...
Timothy Yen
HELOC for a down payment on investment property?
Hi BP community!My mortgage banker suggests that apply for a HELOC on my private house and use those funds for a down payment on a rental property (2-4 units) my goal is cash flow of 10% and appreciation with the reha...
Parth Patel
$2,000,000 Tax Burden at age 26! Please help!
Hi all,I’m currently in a situation where I’ve got a Tax Burden of approximately $2 million. I need to reduce this with real estate investments before the end of the year. What can I do?I’ve been trying to develop a g...
Jason Patterson
Prof of funds question?
Is anyone having to show prof of funds for every offer u submit? How is your agent making you propose a bid? Are agent wants us to show prof of funds for every bid . It's this common ?