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I'm thinking of converting a vacation home to a rental. Obviously I can get depreciation advantages, but how do I do that? Do I simply start taking depreciation on Schedule E? Can I get retroactive advantages? How...
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I have an opportunity to buy a closed daycare/ preschool prior to it going to auction. I think I could convert it into a spa and rent out rooms to barbers/ hairstylist/ etc. this is my first entrepreneur move. I was ...
Delete Pls.
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Good day BP Forum,I co-own a few rentals with my partner. We currently own auto insurance through other insurance parties that we own our properties through, we have found a provider that can consolidate everything an...
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I want to hear everyone’s opinion on what strategy they would prefer to use in my situation. I own a single family home and 5 rental units. On my single family I have the choice to convert my garage to an ADU studio 4...
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Has anyone ever purchased a home (~5 bedrooms) and converted into senior living? I would love to hear about how it went, pros, cons, numbers, anything you are willing to share!
We are looking to buy what will be our primary home in the next year and are considering purchasing a home (townhouse or detached) and converting the basement into a legal apartment to rent out to help offset some off...
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I am taking the plunge and leaving my W-2 job (buying land for a homebuilder to develop into neighborhoods) to do some traveling and to commit to real estate investment full-time. I have a decent start - 8 rental unit...
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Greetings BP friends,So, my business partner and I live in Los Angeles and we are in the entertainment business. We've decided to create a new business entity to combine our companies and scale up our services. We pro...
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What are the pros & cons to purchasing a residential lot (vacant land) and converting to commercial zoning (commercial properties all around)? What's involved? What's the cost involved? Also, they say no sewer ...