We purchased a 3-unit multi-family in 2019 which have two HAP tenants who've been there for 10+ years. We fought to get a rent raise last year since it was about a 120.00 jump per unit, which we finally received. Beli...
A group of friends began to discuss asset protection structures and living trusts over a few drinks the other night. We have done research on these topics and found many different ways to skin that cat. It turned in...
Hello BP!I'm so glad that one of my clients recommended I start listening to the BP Podcasts! I've been a real estate investor since 2007 and I'm glad to find a network of "like-minded" individuals. I own rental prope...
My wife and I are currently in the process of creating a trust which will hold all of our long term rentals. I am also looking to sell one of my out of state properties. I contacted my exchange company to set up my 10...
Tax season often leads to creative interpretations of what can be considered a deductible business expense. However, a recent case highlights the importance of thorough documentation and substantiation when claiming d...
Hi BP, quick question... If a GC is licensed and insured, can he/she sub out work to unlicensed repairmen? Would the repairmen ultimately be insured under the GC's insurance? If so, is there anything to stop someone f...
I’ve transitioned into working at an LED retrofit company for my W2 job. We primarily operate in the Central Valley of CA, but the savings that our customers are seeing is so relevant to investing that I had to share....
I am a newer investor with one STR and one more under construction. I am looking to expand my portfolio but am currently working overseas. Is it possible to conduct inspections, do rehabs and close on deals from out...
I am hearing several different things about buying a second home with a VA home loan. Our first home we did with an FHA. We understand that with the VA home loan the property you purchase must be a primary residence. ...
Hey all,I've been reading a bunch of books about cost segregation (tax free wealth by Tom Wheelright) and there is this one question that I can't find the answer too.Can I cost segregate my house for depreciation if I...