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I currently own SFH's and a 4-plex. Looking to expand into MHP.
Considering a MHP built in 1969 with 22 sites, all owner owned homes. NOI: $101,866 (Revenue: $110,000 - $8,134 expenses) Asking Price: $1.1M
Total...
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Sharpening the Numbers💥 In today's market you really need to be able to correctly sharpen your numbers when making offers on Multifamily properties!
👉 From your rent comps, taxes, insurance, payroll, CapEx, debt, etc...
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Hi BP,I have only one property and now am trying to rent out. I do not have any business entity. In this case, am I qualified to apply for SBA disaster loan as a sole proprietorship? And the investment property is wit...
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Hello, I hear that choosing an S Corp election on an LLC is the way to go to avoid extra taxes like self employment tax. I already have an LLC. Do I need a CPA to file this election for me?
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Hi everyone! So I want to open a roth IRA account for my 4 y/o son. I did some research online and learned that any money deposited into the account has to come from my son's working income. From what I gather, accept...
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Hi everyone!!!
Myself and 3 partners are trying to invest in a triplex.
History:
We have owned one quad since September 2020 where one person is the mortgage holder. The plan is to refinance this property in Septe...
Hello,I bought few properties in 2014 and renting them out. I need a TAX person who specialize in dealing in that area. If anyone has a recommendation, I would appreciated.Thanks!
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Hi Guys,Would you do below deal? It's a 6 unit condo apartment building that was high-end rehabbed. They are large open plan spaces with great fixtures and style. its 100% occupied currently. And it's in the Kensingto...
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I've been fascinated by real estate investing since Rich Dad, Poor Dad came out. However, I've been standing on the sidelines for far too long - time to make it happen.I am a lawyer by training, and spent some time a...
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Rented out my primary home in Charlotte when my wife and I moved for her new job. $2500/mo. No mortgage. Not a fancy home just in a desirable area of Charlotte.Trying to decide which direction to go for future rentals...