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Hi all, i may be overthinking things, but i’ve been trying to get a general idea of what i could receive in cash flow from my primary property. A little background, i’m currently serving in the army actively and this ...
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For the past two weeks I have been interested in a triplex home. The owner is asking for 210k but is worth around 208k. All units are 2beds/ 2baths. It is fully rented out with 2 people paying 550 and one paying 650 (...
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It's the long weekend, so my lender is OOO. :)If I buy a multifamily home, and keep one unit vacant (while renting out the others) would I be in breach of my loan agreement? I understand that you have to live in the h...
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Hello, I recently paid the taxes on a home. The property was a tax lien. The owner of the home is deceased. I haven’t heard anything about anyone wanting to pay the taxes so I’ve started fixing up the property. Recent...
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Hello all, my family is planning to do a 1031 exchange where we sell a multifamily building we own in New York, to buy a piece of land in Texas and turn it into a manufactured home community. Funds from the sale would...
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pardon my newness...could someone please explain the 2% rule in the BRRR deals. I have heard it now on a few podcast but have not had it explained. Thanks
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After reading the clarifying language for opportunity zones, it seems as though a newly formed real estate fund could buy an office building in an opportunity zone and hire employees to help run the fund (they work in...
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For bookkeeping/ tax purposes: if you replace an A/C unit and hot water heater does it get categorized as a capital expenses or repair cost? I have been researching to ensure I log it correctly in our bookkeeping soft...
I will be replacing the roof on one of my rental properties this summer. The question is can I expense is all this year or do I have to depreciate it? I ask because I've heard both sides lately. The normal consensu...
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What method do you all use for depreciation purposes to separate the cost of your land and house for SFH?