Raja Ramu
DFW - homeowner insurance is expensive
I am under contract on a deal in Allen, TX and processing the loan. Its a rental property. Lender asked me to get a quote for home owner insurance. I reached out to few insurance company. Quotes came about $1400-$1800...
Christy Musser
Sellers speaking to buyers
Question: Scenario: Seller has had his parents home, which is vacant, (living trust) on the market listed in July one low ball offer was placed . Four months later and numerous deductions in price, the same buyer tha...
Tyler Kress
House Hack vs 401k - CARES Act
Hi All!
I've seen a few videos recently on the opportunity with the CARES act to pull 401k $ for real estate investing. Basically in this analysis we assume we can withdraw our 401k balance with no penalty, and deduc...
Johnathon Hendon
LLC Entity Debt to income ratio and itemizing taxes
Hello,I'm a fairly new investor.I recently formed a baby LLC. I currently own 2 properties under my name. (Not under my LLC)1 of them was bought with a VA loan 2 years ago that's being rented out for a positive cash ...
Matthew Pritchett
Question: How to price in vacancy on commercial real estat
I’ve heard that the best way to price commercial real estate is with NOI and cap rate - but what if the property is only 40% occupied? Certainly I can’t offer 40% of asking, but how low is too low? How high is too hig...
Suresh Ram
Tenant defaulting rent payment
My tenant has been missing timely rent payment, explaining her financial hardships. In an effort to change the tenant I said i need to sell the property once her current lease ends by Dec 31st. She sent a notice aski...
David Crothers
Tax Suggestions for STR Income on W2 Income
Hi all,I've been reading posts on BP for some time now and I'm hoping the community might be able to provide some suggestions. I'm in a bit of a tricky situation, my household annual combined joint income between my w...
David Rutledge
CPA specializing in short term rentals?
Hi everyone,My wife and I have shifted our business to acquiring short term rentals over the past few years. We have always used a traditional CPA but with 8 short term rentals and 3 long term traditional rentals we a...
Oleksandr Ivanovskiy
Cost segregation town home
Is is worth doing cost segregation study on town home? I am doing major repairs, appliances replacement. Property is about 1200Sq feet. If it is . How much would it be? What companies do you recommend.Thank you all....
Elton John
Is this good insurance coverage or should I add umbrella too ?
Property Purchase Price - $365k
Dwelling ( Coverage A) - $432k
Increased Dwelling (Coverage D) - $108k
Dwelling Extension - $43k
Personal Property ( Coverage B) - $324k
Personal Liability eash occurance ( Cover...