Christa S Rickard
First time investor looking for a check on expenses
I've only analyzed a few packages thus far and would like some feedback from those with experience. I found a 6-unit, C class property in NC selling for $222K with a 9.7% cap. All units are 2bed/1bath. The actual rent...
David B.
Large gap between competing construction bids
Hi everyone! Hopefully I'm dropping this post in the right forum. I'd be happy to repost if it needs to go elsewhere.We have 2 bids from companies for a small extension + backyard ADU project here in the San Francisco...
Justin Fox
Capital Expenditure depreciated over life of property.
So say you've been depreciating a property for 10 years. Year 11 rolls around and you completely replace the roof. Does that just increase the remaining depreciable balance (basis) for 17.5 years? Or do you deprec...
Tyrone DeVore
Applying for Mortgage with no Tax Returns
I was looking to apply for a mortgage without issuing my Tax Returns. I have money saved up and my credit is almost 700...but don’t want to deal with the high interest rates from private lenders. Any advice would be g...
Tony Chen
Advice on purchase to lower housing costs in NYC
Hey BiggerPockets,
I am looking for some advice on my first purchase for a primary residence to lower my housing expenses in NYC. While also being within 1 hr commute to manhattan for my W2 job, not living in an unfa...
Christopher Smith
This Proposed NY Senate Bill Scares Me!
https://www.nysenate.gov/legis...
The above bill is very concerning to me. I have diligently paid off most of my mortgage debt and now rely solely upon rents from my very modest portfolio of properties. How can it be...
Shahdan Calcuttawalla
Sewer and Water Lines
Advice: Recently found out that hard way that to get sewer lines and water lines can be a really big expense for a new construction, even if the lines run up to the lot. Is there any way to analyse this issue before c...
Ryan Pearson
Hard Money Brokering
I am looking at brokering some hard money for some private investors here in Colorado. Am I going to need to be licensed with the state or SEC? If so, what lincense(s) do I need?
AJ Ard
Enviromental Phase 1
Looking at a hotel property to due a private loan. Phase 1 Study did not inspect units for radon, asbestos, etc. Underground storage tanks were discovered from 1980's. Owner has estimates to remove tanks from licensed...
Bryant Troupe
BRRRR Investor Chart of Accounts for QuickBooks
We primarily BRRRR investor who purchased our first property last year. We are hoping to add 2 - 3 this year. I need to get all my financial data into QuickBooks and was wondering if anyone could offer advice on the...