Do you have a checklist you use to verify your numbers are correct after you have an offer accepted? I'm trying to create a list I can go to verify I want to go forward with a deal. Please help me in adding to the lis...
What can I do if I did not claim depreciation on some years of my rental property ownership?Is there ever any benefit to not claiming depreciation?If I plan to own a property very long term, would it be more beneficia...
I'm from the Southcoast area in Massachusetts. My market is mainly New Bedford since that's where I'm most familiar. I've started taking a peek at multis in Providence, RI. Some of these properties are in great shape ...
Just looking for feedback to make sure I’m not missing anything - I will be house hacking my first place by living on the top 2 floors and renting out the basement suite, these calculations are for after one year I’ll...
I’m new to investing and I’ve been hearing cash flow is tax free. I can run the numbers for NOI-depreciation and this holds true, but not all of the operating expenses are deductible (or at least maintenance, vacancy ...
Hello guys just wanna throw this out there to see what you think. Let's say I buy a two family house that generates about $800 profit every month. That's after all expenses are paid. The taxes keep going up yearly. Ar...
Hello all!Just getting into Wholesaling. I've been researching for the past two years or so and spent the last six months working under/with anyone that'd give me the time of day (brokers, agents, flippers, rehabbers,...
Hello.I am filing Form 3115 to start depreciating (and to catch up on missed depreciation) a rental property that I have had in service since 2010. I assumed 2015 will be the year of change, since I am figuring this a...
Hello BP, I'm currently working on my first cash-out-refi deal with a portfolio lender. The bank will give me 80% ARV with no seasoning period - just need a valid lease. My private lender is a close friend who is ch...
I have been buying single family homes for rentals the last 7 years. The question I have is everyone always talks about all the passive losses that come with properties. I typically experience a loss only the first ...