Josh Teunissen
Tax pros/cons on house hack/owner occupancy
Disclaimer: I understand that I should consult a cpa for specific tax information. I listened to a podcast a while back (I believe it was Brandon Hall?) Regarding house hacking and taxes.Im unmarried and have not had ...
Account Closed
Suggestions on app for tracking expenses/miles?
Hello, Does someone have any suggestions for an app/software for tracking expenses/miles for a rehab? Also if I purchase something to be used for the rehab from an individual, do I need to ask them for a receipt for t...
Tiffany Ralston
do you include down payment when analyzing for cash flow?
Hello!Many of the books (the millioniare real estate investor) and posts on BP I read, seem to not include the down payment when evaluating a deal to see if it cash flows. Is the down payment included in the evaluatio...
Andrew Thomas Vedder
[Texas] Can I live in a 5 unit commercial MFH?
Hello all. I've come across a 5 unit 1 bed 1 bath property that is commercially zoned. I spoke to lenders to try to acquire a loan on it but they said I cannot purchase a 5 unit+ and live in it as my primary residence...
Jerry LoCoco
Limited Partnership Agreement
Hello BP Community!
I have an investor who wants to act as a limited partner (in this case his LLC will provide 100% of the equity, he will get 50% of the profits along with 80-100% of any losses, and he will not tak...
Brian Nordman
Possible Tax Benefits for House Hack?
So I just had an offer accepted today on a 2 bedroom 2 bath SFH. I have a friend who is going to be renting out the second bedroom from me. I know when you live in one half of the duplex and rent the other you're able...
Tim Greenfield
Duplex with 1 water line, splitting into 2 separate lines
I am in the process of buying a duplex in Cleveland Ohio. I have allocated $100 a month for water. This duplex only has 1 main water line to both locations. However the other utilities are separate. I would like to fo...
Angie Cobb
Am I doing the smart thing by renting my former residence?
Hi Experts, I am a newbie to the game and have no clue what I'm doing. Anyway, here goes:I purchased my first house back in 2002 and refinanced it in 2013. The mortgage balance is $77k and the monthly payment is $8...
Jonathan Perez
Wholesaling questions. I have a few.
When contacting the seller, should they know that I am a wholesaler?Should my buyers know that I am a wholesaler?How does the process of getting the property under contract work exactly?
Joe Binkowski
Looking for Chicago / Suburb Cleanout Crew
Happy Friday all!I have a property in the west suburbs of Chicago that is filled with junk. I'm talking garbage bags piled on top of each other from the floor to the ceiling. I planned on ordering a dumpster, but will...