This deal is coming off of a direct mailing campaign that i started.
it's 4 units in a two story brick building.
It was being used for housing for the mentally disabled but the owner wants to retire, he recently reno...
Hey guys!I am still very new in this industry and need some help here. I managing my mother-in-laws property and taking care of everything for her via POA. I know ultimately she will have to file the 1099 but are you ...
I am wondering if there has been any real solid resolution on this topic. My CPA has instructed me that the auto expenses (at least the proportion used for rental activities), overhead such as office supplies, sof...
Dear BP members, I started my journey Oct 2021 and am about to close on my 3rd property next week. BP helped me start the journey and I have come a long way.
In my journey I have learned a lot and here is what I wan...
What are your thoughts on buying a property that has amazing cash on cash return (30-40%), but doesn't meet the 1-2% rule or any other rule for that matter. Basically, I can buy a Triplex with an FHA Loan at 3.5% down...
My husband and I just got an offer accepted for a 4 plex. It was originally listed at $330K...dropped to $299K and is now selling to us for $285K. I don't know the actual value of the 4plex as we have not had the ap...
BP Community,
First post...
I own a triplex property free and clear. I have buyer but need sample contract and understanding of how to put loan servicing piece in place. Any suggestions around where I c...
Really thought I would have an easier time finding a consistent definition of this by googling.
Can someone lay out for me what of the following goes into the expense part of the 50% ratio?:
[/u]Hard, real costs (eg...
This is my 1st time with 1040 and rental.a) Is it possible to list the closing costs under any expense item - eg. commission. I bought the house so technically didn't pay any agent. I also took a no-point loan but I s...
So I am about to put the master bedroom (with bath) in my home (of 3 beds 2 baths) to Airbnb and I am confused about all the tax-related stuffs. Let's say my home is 1500sqf on a land of 6000sqf, and the whole master ...