Hi BP,I am trying to explore an idea about HELOCing my current home to buy rental properties. Has anyone on BP done this before and what are the inherent risk I should be aware of before processing with this creative ...

I've Learned a ton about accounting lately, but I just can't seem to figure out depreciation.I bought a rental property for $25,000 in 2012. I was paying back $500/ month at 4% interest to a private investor. I sold t...

I'm just curious on how many people honestly just do it because it's good money and makes sense. Or, they do it because they have a true passion? How can you tell if you have a passion? Honestly, I think it's just g...

Hi guys. I just wanted to ask people for advice. I am planning to move to the Boston area. As you know It’s an expensive area to live in. I am thinking about getting a 2 or 3 family home and do house hacking. Now the ...

if you’re figuring out the land value for depreciation purposes, can I use the Fair market value for the land? The county assessment taxes it at 59k which is WAY too high. A plot of land has sold for $8500, $10k and 2...

I've read a lot of the discussions about this topic, and still feel the need to know the following. Cut and Dry.Do I need ACV or RCV?Do I have coverage up to my loan amount or up to my ARV?Do I need builders risk AND ...

Hi BP San Diego. Thank you to everyone in the forums as I have learned a lot from reading all of your experiences and contributions! I am working on my first investment property in Bay Park and I was hoping to get the...

Good morning everyone!  I have posted a few topics on here concerning my current project and have enjoyed the great responses.  I'm looking at moving up the ladder so to speak on my next deal and need some advice if i...

Question for everyone: I'm looking for an accountant/engineer who does cost segregation depreciation analyses in the Northeast, Ohio area. I just bought a duplex as an owner occupant, and I want to maximize my depreci...

Does anyone have any resources that can be used to access values for adjustments to be made when making appraisals in different areas.I know that a pool or an extra bedroom in San Diego, California will merit a differ...