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Hi all! I mentioned in a post earlier that we are in the process of re-financing our house to get 10k equity out for starting capital to get back into REI and have a relative that is willing to 'loan'/'invest' around...
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This might sound like a strange question, but I plan to use my personal cell phone to take applicant phone calls for the LLC (which I currently do for properties that I own in my name). The bill is in my own name, of ...
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The treasury dept and IRS just released the final set of regulations for the popular 100% bonus depreciation schedule. And great news for the Real Estate pros trying to avoid taxes... the “placed in service” date was ...
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I’m not just a REALTOR®, I’m a gardener and an avid cook, so this news isn’t resonating with me, as I prefer gas to electric cook tops. How about you? Which do you prefer? Thank goodness it will only apply to new buil...
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Hello BP community,
Happy New 2014 Year!
Here what I have been thinking of:
I want to do 1031 ex on my 1bd/1bt condo. Can I use the money to:
1) buy the new property
2) pay for closing...
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All,Apologies for the newb question, but I just heard about cost segregation and have been reading up about it online.My understanding is this (and please correct me where I'm wrong):Pros: -accelerate depreciation, fr...
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Large basement reno with materials and labor seperate. Contractor requested home depot reloadable gift card loaded with my money to keep and buy all supplies and now will not provide receipts for those purchases. I'm ...
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Hey All - One of my tenants ran a load of laundry and forgot to put the disscharge hose in the utility sink for when the wash drains. Instead when the washer drained water went everyone. There was water in the utility...
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So I have a 3 flat with 1 tenant who is just causing problems. They are all in leases till June and he pays, so nothing I can do. But for the last 6 weeks it has been one thing after another and recently he thinks s...
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Hi there BP,
How much is on-site laundry worth? Trying to analyze a deal and the area rental rates are great, but the property we are considering has no laundry on-site and the nearest laundromat is not walkable.
An...