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Hi BP community! I just talked to a financial planner/CPA and she said that depreciation of a rental property can not be written off as a deduction if your household income exceeds 150K. I could not find any proof of ...
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We perform a quarterly property inspection currently during which we change air filters, check smoke / CO2 detectors and look for signs of water issues (toilets aren't running, nothing under sinks.)I'm still learning ...
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Hello all,
I have a pretty basic question but couldn't find a concise answer posted.
What's the difference between net operating income and cash flow (as used in an REI context)?
My understanding ...
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Good afternoon to all investors on here. I need a good advice on my first deals in REI. I live in San Diego, a very expensive market and I am just about to get started to invest in RE. The decision that I made is to i...
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FolksWhat would one do with 1Mil or 1.5Mil Cash? Stock market is flat this year. I have a 4 unit multi family and understand Berkeley/Oakland Market. I don't mind moving to a large Unit size property. But this is...
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Forgive my n00b question, still learning the note business. I'm seeing some 1st notes for sale where the seller says 'Borrow signed A Deed In Lieu'. What exactly does that mean for the note? Doesn't that mean the n...
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Hello everyone, I hope this message finds you well. My name is Jake Berlin and I am currently 21 years old looking to buy my first rental property (I have 50k in equity.) I think I have the funds to buy a property but...
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If I offered "all cash" on a short sale and got it approved... will the short sale lender have an issue with me using hard money as part of my funds? Why would they? I've closed short sales before and haven't had this...
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Hello everyone,Just thinking about a hypothetical situation where the tenant pays the rent after the due date but refuses to pay the additional late fee. How would you go about getting this money from them, or would y...
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I'm currently looking at a 74-unit MH park in the South-east that is selling for 1.4M. I have just visited it and the park is very well kept, clean, safe, and in a good location with ample low-income jobs around. The ...