Mike Thomas
personal financial statement
I have a question when filling out a PFS. I have acquired equity in multiple partnerships so how do I record that? The pfs asks for the value and mortgage. Do I just list the value and the mortgage or do I need to ...
Account Closed
Wholesaler Estimating Repairs (in NY)
Good Day BP Family,Before I start making calls, I would like to know if the numbers below are good ballpark figures for "guess-timating" repairs on a wholesale deal. I know situations are circumstantial but I want to ...
Yobani Jimenez
HDFC income guideline Coop
Currently having a hard time finding a way to sell that works best for me
Had it sold during the spring
The appraisal and all came back good but the underwriter then denied it due to pending litigation from US the...
Henry Sanchez
Joint Venture agreement with other wholesalers
Hello Everyone, I have been wholesaling several years and just recently Joint Ventured with other wholesalers to bring in buyers. At the present time I am just winging it. My question is , "What is the process that ...
McLaren G Westland
My first MFH purchase and got it right the first time!
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Vinton.
Purchase price: $130,000
Cash invested: $35,000
Purchased first MFH (Triplex) for $130K and it appraised for $192,...
Jared Comeau
BP's The Book on Tax (and Advanced Tax) Strategies
How relevant are these books to x-border tax situations?I'm a Canadian, will be investing in the USA, and Taxation is the next step in my education process. Don't want to pull the trigger on a book that doesn't relat...
Nithin Mathai
Looking for recommendations
Hi all, I am looking for recommendations on who to use for entity formation (LLC) and tax services near Dayton, Ohio. Preferably looking for a one stop shop like Anderson Advisors. I booked an appointment with them bu...
Lily Scanlan
Can a vacant property be considered a rental or short-term rental?
Hi Everyone - I bought my first home 1.5 years ago without realizing that the rental cap on the building was filled. Now, I have a job in another city that I have to move for and I'm not off the wait list to rent out ...
Sigmund VanDamme
What percentage do you use for Cap Ex Expenses for recently rehabbed single family
I am trying to sharpen the pencil in regards to my financial model for the single family homes that we own. We currently use 3% but I am finding that is inadequate and I am wondering if anyone here had a back of the ...
Brad Z.
Recording Mortgage Payments
I got to thinking about mortgage payments and how they are recoreded for tax purposes (P&L). Is just the interest portion tax deductable or the entire payment? Do you record your entire mortgage payments monthly a...