Neil Fernandes
Clarifying Duplex LTR/STR and tax issues
I own a duplex, where one unit is being rented out as a long-term rental (LTR) and the other as a short-term rental (STR). My CPA advised me to split the generic costs such as property tax and water bills equally betw...
Kenny Boyd
Taxes/Accounting a Bond-For-Deed transaction
Hello,I recently closed on a BFD deal and looking for direction on correctly setting up journal entries, to make it easy at tax time.In a nutshell...We hold a mortgage on the property with a principal of $150k, 4.25%,...
Account Closed
Covid Forebearance - Take Advantage?
I wanted to see if anyone else has looked into the COVID related forebearance programs. I own 4 properties spread out to 4 different lenders and each has their own program to initiate forebearance. For those who are a...
Kwok Wong
Seeking Guidance on Getting Started with Hard Money for BRRRR/Flip Projects
Aloha, I hope this message finds you all well!
I’m interested in using hard money for a BRRRR or flip project, and I’d like to take the first steps toward making this a reality. Could any of you guide me on what I sh...
Jason Stutenroth
Student Off Campus Housing
Thank you in advance for any feedback. This evening I am looking at a 5205 sf, 4 unit (2/1, 3/2, 2/1, & 3/1.5) one block from Penn State Dickinson Law School & Central Pennsylvania Youth Ballet in Carlisle, Pa...
Taylor Witt
Direct Mail Efforts & List Source
BP - My reasons behind writing this post are to track my own progress, get other peoples best practices, and give updates along the way so we can all learn.I am doing my first direct mail campaign focused on self stor...
Ryan Kinley
Having a problem with a Brrr Refinance
Hello all,I have a small problem and was hoping to hear back from anyone that can help. I am trying to buy a triplex ( which im going to convert back to a duplex) and behind this triplex is a single family home (for ...
Naomi W Scales
Need help asking my banker
Hello, let me introduce myself. I'm Naomi W Scales and I'm new to bIgger PocKETS . I have decided to jump into real estates after the age of 50. I own a business its a full service janitorial and lawn care company. My...
Liwen Gu
Purpose of a LLC and types of LLCs?
So I was thinking about setting up a LLC for the next rental property I buy, to add some separation between my rental and my personal assets. However, I was speaking with an attorney and he said that a simple single m...
Terry Lao
Current real estate cycle in chart vs. actual historical data
Below are two charts, a general real estate cycle chart (from eric fernwood), which a normal real estate cycle goes through. The other is Case Shiller index top 20 largest metros (home appreciation) for past 30 years ...