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Hello all,I am currently analyzing a 9-unit MF in Manhattan. 8 out of the 9 units are rent stabilized, which really affects my cashflow. I know you can convert RS to FM by giving in writing, a note stating that you wi...
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I know the mortgage interest and any expenses associated with the rental property are tax deductible but, is the down payment of a rental property tax deductible?If I put $40,000 down on a rental property, can I deduc...
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I have a unique request from an applicant for my SFR, who is an artist, and wants a five year lease.
His justification is he is an artist, wants a long term lease, to lock in the rent. He and wife, both arti...
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I currently own one rental property and planning one more by the end of year for cash. What are the advantages and disadvantages of doing this as opposed to financing.
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Hello to the BP Community!Four years ago a little idea started developing: I wanted to make extra income without a second job. I'm not sure exactly what pointed me to real estate, maybe just the general knowledge tha...
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Any suggestions from investors who purchase a property and perform interior rehab with tenants occupying the unit?
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Just wanted to share a little bit. My wife and I flipped a house in Phoenix with my dad about 5 years ago - pretty much did almost everything wrong, but still ended up making about a $25k profit when all was said and...
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One of the struggles with being born with Cerebral Palsy is my speech impediment and stuttering. If you told me a few months ago that I would be cold calling apartment owners trying to convince them to sell their apar...
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I'm doing an analysis of one of my rental (BRRRR) properties. According to my QuickBooks, I'm doing ok. $480/mo cash flow. Plus another $250/mo mortgage pay-down. Feeling pretty good about myself.But then I looked...
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How does depreciation work as a tax benefit to offset taxes due on other income sources? Is it better to have a more expensive property (for rentals) in order to create more depreciation...or several properties? Tha...