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Question for you CPA's.

Let say you pay $75k cash for a house. You renovate it and a few months later it appraised for $125k. Now you do a cash out refinance at 75% LTV on the $125k. Land is valued at $20k

Can you...

The city rezoned our single family residential house about 1 1/2 years ago to commercial. We just had a small fire that caused approximately $2000 damage. They said the code reads that we can not do any improvements t...

Hello all, I'm in the process of refinancing a 4 unit apartment building to get out of an 8% loan. The new rate will be 4.5%. In addition to the refi, I have the option of pulling down an extra $30K. Based on my calcu...

High BP! I am writing with a question regarding hey property I I am improving prior to getting refinanced using the BRRRR method. I purchase this house and it came with tenants and several dogs. I have spent a good am...

My wife and I are closing on an owner occupied duplex later this month - tenant is already in unit B. The home is in great shape, but bathroom and kitchen are outdated. We want to maximize deductions and are looking f...

Trying to decide whether or not I should get a new roof now or not.The current roof is 23 years old and needs replacing.  There have been no leaks but shingles go missing when a big storm comes through and they have t...

I have recently been working on improving my systems and looking to hire some help, and one of the very first batch of letters I sent out finally called me!Turns out they are building some hotels and want to get rid o...

Hello BiggerPockets community,
I’ve been exploring the use of virtual assistants (VAs) to support acquisitions, and I’m curious to hear your experiences. In our experience, a well-vetted VA can help streamline deal s...

I have a my first (of hopefully many more) lead on an unlisted property here in San Diego. I contacted an owner directly and he seems like he could be convinced on selling his vacant property.He’s an older retired gen...