Chris K.
Help with calculating CoCR example
Hello, I have been calculating cash on cash roi for an investment property that I have been looking at but I need some help with double checking I am doing it correctly. Purchase price: 300,000Down payment 20% : $60,0...
Mark K.
Evictions for non-paying renters who refuse to sign affidavit
Can we evict our tenants if they refuse to sign the hardship affidavit? We have not received rent from them for 4 months. We left them the affidavits to sign but they never sent them back to us or mentioned it when I ...
Frank Robinson
Philadelphia Zoning RM-1 Use Permit for 5-unit building
Hi,
I'm looking at a 5-unit RM-1 building; however, it's only approved for 4 units. Existing owner tried in the past (like 30+ years) ago to get ZBA to approve it to be a 5-unit building, but got rejected because the...
Conner Parks
203k Loan for Garage Conversion / House Hack
Happy Thanksgiving BP Community, looking into nuances of 203k loans and it seems like you can use construction funds for adding on, curious if anyone has had experience adding an ADU, or converting garage into studio,...
Alberto Rivera
Jobsite Supervision
I plan on flipping houses soon and I'm a bit concerned about a specific situation. I can't be at the jobsite all the time, in fact I could only be there before 7am or after 5pm on a week day or the entire weekend; iro...
Allen Lopez
What is the average cost of an LLC? Should I get one?
So I have 3 properties under my name. My primary residence and two investment homes. The two investment homes are worth around $350k and 250k. Is it recommended to get an LLC for two properties?
What is the average c...
Patrick Ryan
Finding Your First CPA
Hello, Bigger Pockets!I live in VA, but I’m considering investing in OH. I need to create an LLC, which I was going to do in Ohio.I would like to talk to a CPA about it. What is your advice for finding a reliable CPA?...
Almaz Hayet
Identifying properties in a 1031 exchange
Is it worth your while to identify more than 3 properties in a 1031 exchange? And what would be a good reason to do that. In my situation I need to buy a $440K property(ies), and should I look for 2 properties at $22...
Mark Futalan
Someone ask to see your property before booking?
Had a guest inquire about staying at our home. They have local friends in the area and asked if they can see the house before booking. No reviews or cover photo. Wants to stay six days. Gut tells me this sounds a litt...
Brian C.
Fix & Flips Tax Strategies - Am I missing anything??
My two partners and I recently formed an S Corporation with the goal of generating cash flow from fix & flips so we can reinvest the profits into long-term rentals. We decided on an S Corp so we could reduce SE ta...