Zoran Domazet
Seeking advise on replacing cast iron drain line with PVC pipe
Hey BP fam! I recently purchased a 2 story duplex and will be doing a few updates over the next few months. I am looking to replace the cast iron drain pipe with a PVC scheduled 40 4" pipe. I am currently shopping aro...
Daniel Peavey
Cap Rate Calculation
Do you base the cap rate on what you purchased property for: Or, is cap rate based on current market value of home?Also: is capital costs included in cap rateMy example:1. I purchased property for 25 k ( 10 yr ago)2 ...
Gord Stevenson
Tankless Water Heaters in older condo building
Hi everyone, I am looking for electrical advice. I am on the HOA board for a resort in Mexico that was built in 2000. There is a small electrical service in each condo, that I would guess has less than 100 Amps. Wi...
Steven Torok
Tax implications of reinvesting 100% of profits
Hi all! I would like to understand what general tax benefits exist if 100% of rental profits are reinvested into new properties.I own, through a LLC, a few rentals which are fully paid for, and am in the position to ...
Joshua Amarelo
Other Investment Opportunities While Tied Up In a Real Estate Deal
Hello, all.
I'm currently working with my brother on a real estate deal, which puts me a little behind as far as starting my own real estate investing because I don't want to pull out of my deal with him. It...
Jason Abbott
$129K 7unit MHP - too good to be true?
This seems too good to be true, so it probably is. But as I am new to this and my MHP experience is limited, I'd like your opinions and help in asking the right questions to uncover the real facts, dirty details. Her...
Faith Importico
1% Rule sounds cool, but is it real?
Recently a few buyers have said to me "For every 1% the interest rates raise, property values drop 10%"I do believe that raised interest rates correlate to price drops and a buyers market. However, rates have raised f...
Adam Pervez
Townhome Rental or HouseHack
Hi All,
I am currently under contract for the following property: https://www.zillow.com/homedet...
I managed to get a price accepted under list but with interest rates and what the rent in that area would go for, I...
Juan Contreras
Is the $25,000 special allowance only for Married individuals?
I would like to make use of the special allowance. However, I would be filing as head of household. Would that mean that I would only receive a $12,500 allowance?
This is what the IRS writes:
Special $25,000 allow...
Wesley W.
Tenants with no security deposit
Hello All,I'm seeking the collective wisdom of the BP community to try and get some insight on a situation involving a pending RE transaction. Here's the scenario...We are currently under contract to buy a few rowhom...