Ok my understanding is that repairs and improvements to get a property fixed up so it can be put into service as a rental are added to the basis of the property per what the IRS says. So with that said, I have a coup...
If the park runs on well and septic, there should not be a utility expense for the park owner, correct? Of course there is the maintenance part. But other than that, there shouldn't be any bills to be paid right. I am...
I want to ask the creative – out of the box – Thinkers to help me with a project I’m considering.
Here are the actual numbers and I want to construct this project In a way the seller will approve my offer and b...
I can purchase 2 - 4 family listed at 115 each. My numbers for combined look like this.
25% down 30 yr at 3.9
3,500 rent
8,000 taxes
2,000 insurance
4,800 maint&repairs (maybe high) units upgrade a few years ago
...
In 2021 I had overall negative AGI on my personal return due to losses on rental properties. I had no tax liability in 2022 and now here in 2023 I do. How/ where do I utilize that prior loss? Is it an NOL on Schedule ...
Five Unique Ways I’ve Seen People Make Money In Real Estate
1. Water Utility - 44 years ago when I was a relatively new real estate broker, a gentleman contacted me to see if we could help sell a small water utility ...
The development of new infrastructure is crucial in shaping our communities and powering our economy. Infrastructure can include things such as bridges, roads, utilities, ports, etc. and are what help people connect w...
Hello,My talent is finding good deals and rehabbing a property to sell quickly. My questions are to the experienced flippers, (1) How do you determine fixed costs such as Ins., utilities & property taxes?, (2) Ho...
Hello Bigger Pockets,I am just over a year into my first house hack/live and flip deal. I owner occupy the property and rented out 3 rooms in the home for a total of $1,250/month utilities included. Although it does n...
Hi there. Does anyone have tips on how to get the amount of rent, taxes, ins, utilities, for a property? They seem to be hard to get, especially rents.