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I have a project that will have 2 investors who will pay for the property and rehab but not participate in the daily operations. The third partner (myself) will manage the project. Profits/losses will be split 33%, ...
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So as landlord’s we know we are vilified in most of the media with rent strikes and evictions moratorium’s covering the headlines! The reality is our costs keep coming and there is no one covering the debit and expe...
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July 26, 2021
Can You Afford a New Roof?
By Ron Hurtibise
Many Fla. homeowners could soon find it difficult to get private market insurance coverage on their homes, as a result of big losses insurers say are partia...
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Hey BP family ! Any CPA’s out there lol . I am a new investor and I have been taught the formula goes like this Income-expenses = cashflow but, my question is do you pay taxes on that “cashflow” ? If so, how much sh...
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i was wondering - if i have 3 rental properties that bring in say, $1000 a month each - $500 of which for each house (or $1500 total) a month goes to principal, does that mean that my tax break would be $1500 x 12 for...
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One of my houses was hit hard by the Texas freeze, with the main water pipe broken in several places. I finally got my spot in a plumber's long work list and they replaced over 80' of pipe. The house was without any...
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I have a question with respect to Cash-Out Refinance.Background and some context- We bought a duplex last year and put in some money into it.- It lost money this year due to an eviction and we ended up doing a major r...
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Hi all,Can anyone provide some guidance on how income from private lending is typically taxed? My understanding is that if I'm NOT considered in the business of loaning money, then the income is considered interest in...
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Has anyone tried the lease guarantee service from tenant alert. I would not let the tenant know they have this out but I would find a way to include it in the security deposit/rent. I wonder how many claims you can ...
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why do some investors try to put their new STR's into service towards the end of the year when there is very little active income to offset? what is the benefit of putting a new STR into service towards the end of th...