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Hello, I'm looking at hiring my in laws for my LLC rental property business. Question is, how can I take the step and how do I do that? Also, do I really get tax benefits for hiring my family member. Can I do write of...
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Hello to all out there in the BP community! I'm a very new investor and am wondering if I could get some help analyzing a potential property - I've been using an excel spreadsheet I found here on BP, but being new, I'...
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Investment Info:
Small multi-family (2-4 units) other investment.
Purchase price: $89,000
Cash invested: $48,000
Duplex that we House Hacked. Put 20% down + 30k in rehab expenses. Cash flow is $800...
We have a few single family homes in Kansas City, in a nicer, brand new neighborhood (built 2022). When we initially bought the homes we were able to lease for $2800-$3200/ month. However we have struggled to rent the...
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I have a house in Brooklyn NY that had flood damage. After a week of demo, the interior was taken down to the studs. Before demo, I had (still have) two direct buyers (not investors) who had agreed to my price as lon...
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When most of us think of having the IRS audit us, we get anxious. Audits can be very expensive, invasive and ultimately time consuming. Some audits are inevitable. However, there are multiple preventative measures tha...
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Do you landlords in Philadelphia pay for water and trash in duplexes or put it on your tenants? Do you charge just for water usage or the whole bill? Is there City regulation on that? And how do you split the bill if ...
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Hello all, I put together a spread sheet to analyze a potential home. The home is built in 1997, 75k list price but I have the negotiated 70k with 5k to fix (carpet, paint and general clean up) Rent goes...
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...what in the world is going on with the Denver housing market?1. Inventory is very low - for all of the homeowners that bought or refinanced during COVID that have a sub 3.5% interest rate don't want to sell when ra...
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Good Afternoon,This is a long post, thank you in advance!I think I found what could be a "good deal", but I'd like some feedback because there seem to be sooo many moving parts in a RE deal, and other than purchasing ...