John McAuley
Expenses for homes that did not close
Hey Guys,I had several expenses this year associated with homes that we ultimately did not close on (inspections, termite inspections, etc.). Are those treated like normal business expenses against my LLC for tax pur...
Charles H.
Ways to write off prospecting trips
Hello,I am looking for strategies to write off trips to some areas I'd like to invest in.I know that when you own a place you rent out, as an individual, you can write off the trip when you go check it out.Is there an...
Susan P Wichmann
How to get a comp into the MLS
The house one door down was sold without real estate agents so it does not show up as a comp in the MLS. The sale is in the county tax records and it is the highest sale price ever in the community by a significant a...
Heval O.
First Rental Property
Hi, I'm looking into buying my first rental (3 bedrooms, 1.5 baths) with 20% down and a 30yr amortization at a purchase price of $100k. It would be an out of town purchase but I've spoken to a property management comp...
Devin Bost
Emergency issues while remotely self-managing?
I'm trying to migrate from Evolve, and I'm wondering how those of you who self-manage remotely handle emergency issues. I'm concerned that if I place an ad to find people who will work on an hourly basis (in the area ...
Account Closed
Rules in Real estate
Can you guys teach me these rules50% rule70% rule1% ruleand more rules.
Bob Landers
MF Analysis - are you using OpEx or CapEx for this?
I’m currently pursuing Multifamily deals 10-50 units in size and am curious how others are treating in their own analysis line items that sellers vary in how they are presented. For costs associated with unit rollover...
James Madison
cash bought Primary residence to rental; capital gains and costs
I've read through 10 pages of threads on conversions trying to answer my questions and haven't found the answer I'm looking for.
Here's the background.
Primary residence (from 2011) purchase price: $10k...
Julio Gonzalez
Cost Segregation on Condo
A cost segregation study was performed on this residential condo in Jupiter, FL purchased in 2022 with a depreciable cost basis of $672,870. The condominium is 2 stories and 6,540 square feet with 8 units and was cons...
Joseph C.
Referral partners and Car magnets (liability??)
Hello All,
I am considering combining the use of car magnets and referral partners (bird dogs). My idea is as follows:
Friends family and others interested, would put car magnets on their cars advertising our REI bu...