Julio Gonzalez
Cost Segregation Study on Hardware Store
If a Cost Segregation Study had not been performed on this Hardware Store located in Clinton, Iowa that was purchased in 2020, it would have had first year depreciation of approximately $23,900. Thanks to the Cost S...
Julio Gonzalez
Cost Segregation Study on SFH in Miami
Without a Cost Segregation Study, this $595,685 Single Home in Miami, Florida purchased in 2020 would have generated first-year depreciation of approximately $22,000. By applying a Cost Segregation Study, the prop...
Evan O'Brien
Estimating Rehab Costs
Does anyone have a template/document that they use when obtaining an estimated bid for rehab costs on a property from contractors which includes the scope of work required and a breakdown of the rehab costs (labor and...
Lance Norwood
Alabama Tax Certificate Redemption
Hello, I purchased a tax certificate in Baldwin County this past year and I just received a letter from the Revenue Commissioner that a request for redemption has been made and I am to return the tax certificate back ...
Karan Manglani
Timeline When Purchasing Home and Borrowing Money
Hi everyone,While there is a plethora of great information on BP, there seems to be one question that I can't fully understand.My plan is to work with hard money lenders but I'm getting lost in the process. Below are ...
Mark Taliercio
First BRRRR Purchase
Hi All,Just wanted to introduce myself! My brother and I closed last week on a SFR in connecticut that we will be renovating and renting out. Ended up with a price and terms that were very favorable. It is currently...
Jonathan Rundlett
new foreclosure law in MD 4/08
I understand Governor O'Malley signed a new law that regulates foreclosure consulting in the state of Marlyand last week but have not been able to find a copy of this law as of yet. Does anyone have access to a copy ...
Tyler Smith
Rent to Own Structure Advice
Hello and thank you for reading!I currently have several rentals located in IL. I was going to look at selling them as leases came due because I have moved to WI and would much rather invest here. I spoke to one of ...
Brandon Wynn
condo conversion short term capital gains tax
Hey BP!
I have a 4 unit building I am buying for 190k, that needs 200k in renovation and I plan to condo these units off and sell them individually.
My question is, can I sell off the first 3 that will put me almo...
Thomas Fortune
Structuring Commercial Lease Option??
In need of a little guidance here: The company I work for currently rents our office space, and we are interesting in purchasing the building we currently occupy. I'm exploring options, and think that a lease with opt...