Michael Potts
Biggest Mistake Confessional
My wife and I are looking to buy a multi-family in the town we live in. We have sufficient financial resources and plan to go slow with a conservative purchase when opportunity knocks. I still like to plan for the u...
Lewa O.
S Corp Loss Reporting impacting Personal Mortage Qualification
Hi,Looking to get some insights from the experts.As a REI, we do our real estate transactions under an LLC (S Corp) that focuses mostly on new constructions funded via private lending.Now an average time for us from l...
Jeremiah Satterfield
Mysterious gray/wavy patterns appearing all over new blinds
I recently purchased a duplex and bought the cheap China-made vinyl blinds from Lowe's (Project Source). I hung them up in both sides of a duplex. Within 3 days, this gray, splotchy, wavy pattern started appearing on ...
Daniel Kotowski
Basis for depreciation when moving a home I own to rental status
I purchased a home about 5 years ago for $365,000 and today the home is worth $650,000. I'm buying another home and renting out this one. Will my depreciation be based on the purchase price or what it is worth now?
Matthew Wolfe
How to Develop 4 Acres of land near Bethany Beach, DE
We have 2 rectangular lots that total around 8 acres (4 acres each, and directly across from each other). Based on what I know of the area (and I know it fairly well), this would be perfect for a 3-story commercial b...
Justin Knighten
Septic Maintenance for Short Terms
I currently have 2 houses that I'm renting short-term on Airbnb. They both have septic systems. I'm fairly familiar with septic, I've had them in my personal residences for 10 + years now. With my personal, we rare...
Alex Silang
Is there any benefit of buying your 2nd property in the same neighborhood as your first one?
Literally the house next door to the first one I purchased is for sale. I was thinking of buying in different neighborhoods though to limit risk by diversifying locations. Thoughts?
Alan Asriants
My 3 criteria for those looking to househack/buy a MF
Here's my buying criteria for someone who wants to house hack:
1. Try to focus on properties that were built after 1960
The reason for this is because the foundation of the property is likely made from poured in c...
Payton Pearson
First Duplex Investment Property
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $180,000
Cash invested: $1,000
Nice duplex in a middle-class, good neighborhood. 1972-built, very well-maint...
Jered Sturm
determining the cost basis for inherited home?
I had a good friend ask me this question today and I was not sure on the answer. Before I call our tax advisor to help my friend I would love to hear from the wise people of BP on the Issue. My friend bought a vacatio...