Hi, I am looking into purchasing a farmhouse on some acreage that is currently rented out and the tenants would like to stay. I would put 20% down, and the rental income would cover the mortgage. I understand that cas...

If you purchase a rental property can you deduct in that year 50% of the value less the cost of the land as a depreciation write off?

I am buying a duplex. I plan on living in one side and renting out the other.  I know I can wright off my taxes for the side I charge rent but what if I charge my girlfriend rent while I live with her... Can in wright...

Hello BP Community, Why is P&I / Debt service included in NOI and not factored into operation expenses when adding up GOI ? My thoughts are that because;1. Interest payments can be seen as a return because its a t...

If I invest a multifamily through a Roth IRA, will I still receive the same tax benefits as I would with personal cash when I file my tax return? Will I lose depreciation deductions if I use Roth IRA fund?

Investment Info:

Single-family residence buy & hold investment in Austin.

Purchase price: $80,000

Cash invested: $150,000

Hoarder house sourced through a wholesaler with plans to renovate and tur...

I was told all these wonderful things about how I would get my money back for the work I put into the home.  Ahhahhaha, no, that's not the way it works.  You got repairs and you got improvements and only the REPAIRS c...

Hi I have a primary residence mortgage 6 yrs into a 30yr conventional fixed at 4.35% and I have a rental unit 13 yrs into a 30yr FHA at 5.5%. My dilemma is I would like to consolidate into a 15yr conventional refi cas...

Hello BP,Has any rehabbers or retail sellers have experience with offerpad or opendoor. I have a rehabbed property in a good neighborhood and I was trying out few things and was surprised to see the opendoor offer clo...

Hi for those of you that live in a multi unit (1-4 units)  I was wondering how you take the owner exempt cap gains writeoff ? (250k individuals and 500k married--must be 2/5 years)?For instance if you live in a triple...