John Zhang
Bonus depreciation on airbnb property
Does anyone know if I can do a cost seg and use bonus depreciation on a short term rental property to offset my w2 income, if I don’t have real estate professional status?
Nathan Clifford
Looking for more tips on finding good areas!
Hello!
I don't really know if this is the correct category but here it goes.
I am new to the industry and currently just looking to check some properties out as a bit of practice - I probably won't be investing anyt...
Mike Schorah
How do I easily switch from LLC to personal name?
All hard money lenders seem to require a LLC. All 30-year-mortgage banks seem to require a loan through your personal name.Is the switch difficult to make? What should I watch out for? Are there any hidden fees that I...
Tony Acree
Traditional BRRRR in Highland
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $140,000
Cash invested: $45,000
Traditional BRRRR.
Rented for more than initially expected.
About $4,000 left in ...
Brent B.
Leak in wall of Condo
Hi,
I’ve been renting out my condo for about 6 months now. My tenant discovered loose tiles in the shower and there appeared to be mold underneath. A mold specialist assessed the damage recently and concluded there w...
Ramada Evans
Hard to attain commercial loan
How difficult is it to get a commercial loan for a multi family property, for the first time? Also with little to no money down?
Jeffrey Baker
Seller wants out of contract
Hello,I currently have a property under contract with a motivated seller and I currently have a contract with a cash buyer.The seller wants out of the contract due to wanting more money after their mortgage is paid of...
J Pavao
Cash out refinance and HELOC together?
Hey guys!Question.I have two three families going well. I'm ready for the third. The problem is the bank wants a chunk of cash. 20% down plus reserve. For my area and what I'm looking for im short around 20kish cash. ...
Joaquin Moreyra
MIP Effect on Cash Flow
Hi All!I am finding that all multifamily properties with cash flow go into the negative when I factor in the MIP expense. I was looking to take advantage of the 3.5% down on an owner-occupied FHA loan; however, the MI...
Jacob Zinda
Growing as an Investor
Hi BP community, I want to get more involved in the real estate community on a professional level. I currently have a great job in the medical field (that I want to keep) and have one unit in my portfolio. Are there ...