Laura Kreinbring
Tax Advice, long-time tax platform user depreciation basis adjustment
This property is in the north end of Wisconsin. I used to live in this duplex and I moved out to convert it to 100% rental and refinanced. Other topics I have researched about changing the basis include "you don't tra...
Chris Ravettine
Newbie Investor Looking @ Multi Families in Meriden - Any advice?
Hello Everybody,My name is Chris and I'm a newbie to real estate investing. I am looking at buying a small (2-3 unit) Multi Family home in Meriden for a Buy & Hold (rental cash flow). I see a lot of properties in ...
Paul D.
How does a mortgage company look at depreciation?
Hello!Normally, on my taxes, I try to break even or make a little profit BEFORE applying depreciation to the property.I recently applied for my 6th mortgage, and the loan officer significantly lowered my buying power ...
Matt Heath
Increasing Rent
Hello Everyone,I currently own a fourplex and am living in one of the units. The average market rent for a unit is $600. My units are being rented out for $525, $525, and $510 respectively. The tenants have been resid...
Joel Oh
Bike rental - Money maker? or Headache?
Hey guys, I am closing a property near one of the best bike trails in the country and this property has a huge ass abandoned garage.I see a serious potential for turning this garage into a bike shop and renting bicycl...
Susan Tan
How do investors even cash flow in NYC or SF Bay Area, CA?
We know that HCOL cities have high rent, high property taxes, and high prices for everything. This year, my Slack acquaintance couple purchased a $2.6 million 3bedroom condo apartment in Greenwich Village, Manhattan w...
Ahmad Moore
Cash Out Refinance
I’m experiencing a slight problem that I didn’t know existed until now and it may just be regional. (Mobile, Al) The two banks I tried to see what the numbers would be regarding a cash-out refinance, they only do 75% ...
Yoochul C.
How and what is Infinite Banking used for Real Estate.
Some of you might have heard of the term Infinite Banking before. There are the naysayers like Suzy Orman or Dave Ramsey but it is a viable strategy for real estate investing. The strategy is simple, using a whole l...
Eddie C.
Thoughts on what to do with ~$150k
Hello - just wanted to hear some opinions on what everyone would do right now with ~$150k. I've been looking for some buy and holds in the last year or so, but am having trouble finding something worthwhile. Two optio...
Keeya WangJones
Real Estate Market Crash Preparation : DSCR
Hey BP Community,
I'm reaching out for some of your savvy insights as we navigate a potential market storm. My partners are feeling jittery about jumping into multi-unit properties (think 2-4 units) before a possible...