Warren Wright
Purchasing a property I am renting with a 1031 exchange?
1. I want to rent a house (that will be a rental) with acreage with an option to purchase. 2. I plan to then sell 2 pieces of investment real estate. 3. Then purchase the house and acreage with a 1031 exchange. I want...
Taha Malik
Out of state starting out in fix n flip
Hi BP members,Soo I’m from Canada and I’m trying to start my REI in Usa. I plan on to start with fix n flips in STL as I have a relative there who knows construction.First thing is I’m having trouble finding propertie...
Andrew McAfee
How to Account for Closing Costs?
I just bought my first rental house, and I am not sure how to account for expenses for first year accounting. I understand how expenses are calculated for 2nd year. I have been researching and have read mixed result...
Alex Kohler
I have $150,000. What would you do?
Hi there!
I am new to BP and have a few questions as I am a new investor. I have $150,000 cash and my goal is to become financially free as soon as possible with having all expenses paid with cash flow as well as gr...
Kyun Ryo
Triplex with 2 owners, one unit owner occupied. What's fair?
So my brother and I bought a triplex last year, with me owning an undivided 2/3 interest and my brother 1/3. We were splitting the aggregated rental income and expenses just fine but now I moved into one of the units...
Mark Anderson
Depreciation Owner Occupied Vs. Rental Am I On the Right Path
I am currently looking into buying a rental property. However I will pursue the deal that makes the most sense and wanted to confirm I am on the right track in regards to my understanding of tax write offs. I plan on ...
Sam Leon
Parking space assignment
I am having a bit of trouble with parking spaces.On a fourplex with only four 2/1 apartments, I have four parking spaces - unassigned. Simple. One parking space for each apartment. Never an issue, never a complaint...
Peter Morgan
Taxation when selling owner occupied Duplex
HelloI would like to know how does the taxation work when selling an owner occupied Duplex.There are two scenarios here, 1) The rental unit has similar square footage as the owner occupied unit.2) The owner occupied u...
Maria W.
Lender Credit on Loan Estimate is absent from Closing Disclosure
I'm about to close on a property tomorrow and the latest CD doesn't have the lender credits ($3,052) that were initially a line item in the LE. The origination fee was and still is $3,052 however there is no longer le...
Harrison Chow
Bank Lender or Mortgage Broker
Hi Guys!My first post here... I'm at the beginning stage of BRRRR process, trying to assemble a team of experts and one being the lender. Do you guys prefer working with one or two lenders or do you have a mortgage br...