Linda King
Private Lenders Near Charlotte... Our Non Profit Needs You
End of the year pick up in business made me realize that we should talk!Since we are active in BiggerPockets and the last quarter is now upon us, I thought we should reach out for a few important reasons. I am writin...
Sean Wilt
Motel/Sales Tax as line item or just bury in the daily rate?
Good evening,I am getting ready to list a new property on AirBnb/VRBO and I am wondering what the best way to handle Hotel/Motel and Sales Tax. Since this is Georgia, I have confirmed that AirBnb will NOT automatical...
Rodney Bentley
Using the "2 out of 5" rule on rented property.
My in-laws are considering selling their old home, now rented to us, in the next couple of years and we want to mitigate as much tax obligation as possible. If one of them was to use the property as a primary residenc...
Ilir Shkurti
Partnering in Flipping homes - how to exclud partner’s profit split from my taxes
Hi, apologies in advance if this question has been asked before. First some background. I am considering partnering with a friend, who happens to be a skilled builder/rehabber, on flipping homes together. We are consi...
Billy Johnson
Tax Question about inherited property
My sisters and I inherited 34 acres in Florida when our mother passed. The property is in all three of our names. I placed a mobile home on the property as my primary residence about a year ago. I am currently thinkin...
Sam Lee
Purchasing apartment: cash reserve
I have yet to purchase an apartment building but I want to know how much cash reserve you need when you first buy the building, and then when you are running it. Let's say the downpayment (20%) is $100k, how much woul...
Julie Verardi
What is best way to determine how much to insure for?
I have two properties in Jersey City. One is a condo. I'm going to confirm how much of the dwelling is covered by the association but what is a good rule of thumb on telling how much it would cost to redo the fixtures...
Account Closed
First Property in a tough market: Buying out of Country/Province?
Hello everyone!I'm in the process of educating myself and saving money to invest in to my first income property. I've been listening the blogs, reading books and acquiring as much information as a I possibly can. I'll...
Gabriel Graumann
High Amenity Short-Term Rental
Investment Info:
Single-family residence buy & hold investment in Mesa.
Purchase price: $450,000
Cash invested: $85,000
Short-term rental that emphasizes on-site amenities, creating an environmen...
Mariah Pierce
Renovation Contract Obligations
When renovating with a 203K loan, are contractors obligated to get the allotted amount for line items? We had a line item that was completed for a third of the amount estimated but he is saying he should get all that ...