Chad Tessmann
How to better spot deals?
I've been analyzing a few properties every day, but I can never seem to find a property that will get me above the 2% test (Turner: The Book on Rental Property Investing, pg. 124). In my area (Manitowoc/Sheboygan, WI...
Mara M.
1031 Tax exchange or use sale proceeds to pay off other rentals?
Hello. I need advice. I am selling one of my rentals that is wrapped in a note with 3 other properties. I can either use the proceeds to pay off the entire note or do a 1031 tax exchange. If I pay off my note, the...
Kyle Westerman
LLP or No LLP
We bought our property back in January. Our goal is to buy a property a year so I thought it was a good idea to open a LLP to manage said properties. recently we discussed this with an accountant and he said there wer...
James Bradley
Best Beginner Strategy
I've read over the intial guide for entering real estate, chapter 3 discusses some of the strategies. I'm still unsure which would be best for me. I'm looking for some help, or direction? I'm starting with roughly 150...
David Rivera
Help and Ideas needed for Financing
Good Afternoon BP,So this is my dilemma......I am looking to finance a deal that has come my way and I was looking to see if there was anyone out there that could help or give advice. Here are the numbers>Purchase ...
David Rivera
Help and Ideas needed for Financing
Good Afternoon BP,So this is my dilemma......I am looking to finance a deal that has come my way and I was looking to see if there was anyone out there that could help or give advice. Here are the numbers>Purchase ...
Charlene McNamara
Help-write offs leave high DTI ratio!
Wondering if anyone has words of wisdom for me regarding lowering my DTI ratio for the sake of future financing. I've always worked under the following givens:-I try to leverage as much/best as possible, therefore hav...
Daniel Schiff
Taxes due for flip with married couple both with W-2 earnings
My spouse and I have a real estate pass thru LLC we are 50:50 partners / owners of. We are in the middle of a flip which will sell in 2024 and have a second one lined up. Estimate to make 80-100k from both deals. Fo...
Julio Gonzalez
Is cost segregation really worth it due to recapture?
One of the biggest arguments I see around cost segregation studies is the issue of depreciation recapture upon the sale of the property. Do the benefits of the cost segregation study outweigh the cost of recapture? As...
Lisa Wilson
Tenent wants rent reduced
Hi, My tenent's lease is coming to an end in June. She has been on a year to year and has been an excellent tenent (pays on time, takes excellent care of home). She now works part-time (semi-retired) and asked if we w...