Michael K.
Anyone familiar with the SHST (Safe Harbor for Small Taxpayers)
Anyone familiar with the SHST (Safe Harbor for Small Taxpayers) - any insight here would be very much appreciated. Thank you!!1) I understand the safe harbor to be the lessor of $10k or 2% of the unadjusted basis of t...
Alyssa Davis
How to Calculate Cap Rate and ROI with HELOC
Currently analyzing a quad-plex deal for my parents. They own a house outright and are thinking about taking a HELOC to finance the 25% downpayment. My Question: How do I account for the loan payment (PITI) they'd nee...
Colleen F.
Request to lower the rent.
Just had to share - the request went something like this --we have kept our dog in the yard and paid our rent on time, we want to stay another year or two then buy a house so we want to go month to month, and can yo...
Jacob Lopez
Running Cash Flow #s by the Four Square Method - Deal or Bust?
Hey BP Community,I have been diligently running cash flow and Cash-on-Cash return #s from many duplexes and triplexes in the Chicago and Chicago suburban areas. To my dismay, I have found that as someone who wants to ...
Marc Dube
tax deductions for purchase & repair
Im looking at buying a SFR home as an investment. If I buy a home that needs significant repair, what can I deduct and is there a limit?
James McGovern
Filing Taxes as a Flipper?
I have ran across individuals who flip houses and am curious as to what techniques they use for tax filings when they are not incorporated under an LLC or S corporation? When an individual purchases a property, how do...
Cynthia Hanke
Restoring house for reselling or renting
Hi, I've been a small-time landlord for 20 years. Currently has 4 SFR all paid off and long term tenants in place. In March I purchased a house in Mansfield, Ohio to rehab, with the intentions of selling it ...
Frank Bonzai
Fastest way to househack? how to save 10k
I have about 3 to 5k saved up currently. I want to save up a total of 10k so i can house hack my first multi family. With my current job, and expenses it would take me about 10 months to a year for me to have that 1...
Karl Sivert Skatland
Review of investment worksheet
I am trying to create an investment worksheet that will give me a quick overview of a potential property investment. My question is how do I account for the principal paid on the mortgage? The worksheet is attached in...
Tim Coppola
Is it worth keeping refinancing in mind when remodeling?
Does going "bigger" when remodeling a rental unit make much of a difference if you plan on refinancing? Is it worth it to spend an extra $7-10k above your budget now to get hardwood floors throughout instead of using ...