Samuel Boyd
LTR to STR conversion in Palm Bay FL
Investment Info:
Single-family residence other investment.
Purchase price: $80,000
Cash invested: $25,000
I helped my father-in law convert his LTR to a STR recently (he's owned it for forever, but w...
Eric Wilson
Best CRMs for Maintaining Relationships?
As much as I'd like to think I'm good at reaching out to my networking and staying up to date, I'm really bad at it. So I want a way that will remind me to stay in touch or reach out to an old connection to see how th...
DeWayne Mann
Flipping houses in washington and oregon as LLC
Huge question...well at least for me it is. I will be performing most repairs (carpenter) on my flip houses under my new LLC. Can i do this without having a contractors license? if i cant, then how can i buy and f...
Tom Lafferty
How do apartments fare with market cycles?
I'm looking for input from long time apartment owners who have been through a few different market cycles with apartment investments. I'm currently looking at 60+ unit properties for the purpose of syndication. Rese...
Javier P.
Estimating depreciation basis cost
Hello everybody,I have read a lot of the old postings related to estimating the cost basis for depreciation of a rental property; however, I am not clear yet on how to answer the following question:In 2013 I bought a ...
Ronda Gerry
An HOA story that stopped me in my tracks
I am considering buying a vacation/resort investment property in Myrtle beach and a friend told me a story about his colleague who bought an oceanfront condo in Florida. All went well, and a year into it, the HOA con...
Jim Growfer
Can i have a 5% cap rate Cash Flow better than a 8% Cash Flow?u
Can a 5% cap rate multi family Cash Flow better than an 8% Cap rate ?
Josh Ferona
Cost basis tax question
Hello, I recently bought a home for about 30k and the home had about 16k in repairs to get it rent ready. I believe this will be added to the cost basis and the cost basis will be 46k but I just wanted to make sure. O...
Jon Begley
Can I expense the labor portion of a capital improvement IE: Roof
I am getting ready to have a roof replaced ($8,500) and the estimate list materials and labor separately. I know the roof would be a capital improvement but it got me think that labor isn't a depreciating asset. That ...
Jay Helms
Accountability is Actions > Excuses
1. Who wants more REI action? We all do! 2. Who wants more accountability to improve performance? This one can be tough, requiring full dedication.3. Anything that gets measured receives improvement. We should all be ...