I have a question for the seasoned owners out there. I am buying my first larger complex of 36 units. I am wondering what kind of polices you get on buildings like this. The current owner is paying $11k per year in...
So I just recently ran across three apartment buildings in a low income area not too far from where I live. I did a quick number crunch and it looks like it would have pretty good cash flow. Im pretty new to the inve...
My parents have 20 acres of land, and want to give my husband and I 10 acres to build on. The land isn't subdivided as of yet. I'm trying to find the best way to do this. While avoiding huge tax implications for both ...
We've got an interested party in our multi unit portfolio. My wife and I have basically decided to "hold on" to our last 22 units just due to A.) too young to be 100% living off our portfolio (not true, but it's a psy...
Under current tax law, your building is set to depreciate over 27.5 or 39 years. But many assets like lighting, carpeting and cabinetry depreciate much faster than that.
Which means you shouldn’t have to wait all t...
Hello,
I am looking at building a primary residence with one of the large builders in my area. The Utah State Legislator passed a law last year overriding all HOA's allowing Primary Residences to have rentable ADU's...
Hello tax expertsAny recommendations on how to avail tax benefits on capital gains, was researching and found out QOZs (qualified opportunity zones) there is a new tax law which allows capital gains to be invested in ...
Im currently learning this lesson with New Builds that have taken twice as long to complete than anticipated.....Finishing a Real Estate project ASAP is critical because...
1) Holding Costs add up quickly
- Loan I...
Hi BP community,
I am negotiating a purchase for a 8 unit building, 2 stores and 6 apartments, and the seller does not want to provide schedule E for 2 years for the building. They had agreed to provide all leases an...
We currently live in a small double wide on several acres of land. We are planning on building a home, continue living in the double wide until our new home is built, then moving the double wide to another area of our...