Adam Blevins
Two Scenarios For A Property: BRRRR or Flip, looking for feedback
BP,Before I get into this, this scenario and the numbers are hypothetical, though based on numbers I've seen in a market. Assuming the following deal as a BRRRR for buy and hold:ARV (Based on CMA): $105,000All In Inve...
Andrea Pagano
Avoiding construction costs and building rentals by myself
Real estate development is super expensive, can't I cut the costs by just opening my own construction firm, paying architects, engineers and all other professional figures to do the job that the construction firm woul...
Wendy Black
Complicated 1031 Question
Can you do a partial 1031 and pay taxes on the portion that is not used?
We have a SoCal condo in an LLC that's valued at $500k. We owe $85k. That would leave us $415k profit. Could we take $270k to buy one rental...
Aris Spenjian
How Do YOU Identify Top BRRRR Markets, and Where are They Today?
I'm wondering how different folks on here determine high opportunity markets for a BRRRR strategy? With so many housing markets in the U.S., you can't be everywhere all at once. Personally, I've been using housing dat...
Thomas Kwan
worth building duplex on empty lot in modesto?
hi thereWe are looking at an empty lot in modesto. it is currently R-2 zoned and it is about 28,000 sq ft. Last time I checked with the city, they said we can only build a duplex on it cos the site has no public sewer...
Emma Brooks
Cost of converting a den to a bedroom in a finished basement
Hi everybody! We recently purchased a duplex (we are house hacking, it's our first one) and one of the units has a finished basement that is currently being used as a den. A quick Google search didn't come up with any...
Dan W.
Taxes On A New LLC With No Revenue?
I started an LLC in 2021, purchased a distressed house and am rehabbing it. I haven't sold it, so no revenue is coming, just a bunch of money going from personal to LLC, then out of LLC to the house. Do I need to file...
Scott Lewis
Calculating Taxes for Selling Part of LLC
Okay, BP community, I have a tax question and would appreciate any help you can provide.I'm looking to sell my 50% ownership in an LLC to the partner who owns the other 50%. The LLC owns one small apartment building, ...
Jim Hwang
Help determining depreciation recapture
Hi all,I've struggled for weeks to get a definitive answer to this, and am hoping the magic of the BP community comes through here: how do I calculate a rental property's total depreciation amount from which 25% will ...
Anthony Patel
Using the short-term rental loophole in an owner occupy triplex?
Hi everybody!So, both my wife and I are full time W2 employees and are in the 24% tax bracket, and I came across the short-term rental loophole which sounds really amazing for taking write offs and using them to reduc...