Lisa Kattenhorn
Tax deduction questions for multifamily vacation home.
We recently purchased a vacation home that has a mother in law suite with a full time tenant paying rent. We share some utility bills and maintenance costs (plowing, yard work) with the rental unit. How will deductio...
Gerry C.
Single Family for Student Rentals
I'm thinking of getting my single family home with a 5 bedroom and 3 full bath to get a student renters. Is anybody have experience in student renters and is it a good idea to get my house rented to students or a fami...
Account Closed
Energy efficiency to lower your operating expenses
Do you have a multi-unit commercial property where you're in charge of the electric bill? Are you looking for ways to extend the life of your property while making a 30% ROI? Have you considered updating the lights, c...
James Feyler
Turning a SFH into a Duplex
Good evening, What issues, or problems would I have if I was to finish a basement of a house (close off and update the existing mother in law apartment) and turn it into a second unit in a SFR for rent either long ter...
Cullen Duplantis
Buying a House to Rent Out
If I were to buy a house to rent out and mortgaged the house. Which would be a better route 15 or 30 year fixed mortgage.
Tommy B.
Landlord's responsibility?
According the New Mexico State Bar a landlord must:
Supply running water, a reasonable amount of hot water and reasonable heat in the dwelling unit at all times.
I assume that means making sure the plumbing, hot wate...
Kent Muir
Looking to purchase a 16 pad trailer park
Im in the process of purchasing a trailer park with 16 lots along with 2 commercial buildings. I am moving my construction business into the buildings. My question is with no experience with trailer parks is there a...
Micah Watson
New HELOC/BRRRR strategy. Thoughts?
I want to run a strategy by you.I have one single family rental and one single family home, each with a bit of equity. I’m thinking of 1) tapping into the equity via two HELOCs(one of each property) to purchase a thir...
David Maldonado
Motor/trailer home park new development
Hello everyone,has anyone developed a new mobile home park from raw land? Also, do 5th wheels qualify as a motorhome? What does the land have to be zoned for this project?Thinking about buying land and installing rvs ...
Michael Hill
When to set up entities
Good evening BP community. If one were looking at house hacking a multi family property, at what point should you set up the entities (LLC and a trust) ?The plan is to sell primary residence in order to have the equi...