Minh Lai
Are operating expenses tax-deductible? & Other Tax questions
Hello, I got some caffeine in my system so let me know if you do not follow. 1a) I know that Interest on the mortgage is deductible 1b) I know that property depreciation is tax-deductibleTotal Tax Deductions = (Inter...
Derek Tellier
Questions for the CPA's
This may be a general question and if the answer is it depends then please let me know what information might be needed. Clients (Married couple, he's retired, she still works) own and have lived in the same SFR on 25...
Jordan Tasei
Buying Pre-Foreclosures... What am I missing?!
I've been researching pre-foreclosures in my area for quite some time. I spend hours on the county site seeing which properties have had NEDs recorded, comparing original loan amount vs owed amount vs EMV. There was o...
Jack Martin
Anatomy of a recent MF wholesale deal
Hello my BP friends,While building our portfolio, we constantly find properties that are really good deals, but for a variety of reasons, don't fit our long term criteria. Instead of passing on them, we flip them to ...
Neil Sinha
Solo 401K structuring. Is this workable?
Hello. I'm a new investor contemplating structure and strategy. Based on what I've studied so far, I believe I've learnt the following (somebody correct me if I'm wrong on any points):1. Assets procured in a Roth r...
Mike R.
Codes/ Up to Code/ Older Home (Grandfathered)
Looking to buy a 2nd vacation home in Big Bear California and got the winning bid on one. A few problems though, since it's an older home (built in 1951) the stairs are not quite up to code (7" wide and a bit steep go...
Dee Schwarts
Contractor help paid cash now screwed
Recently purchased a house and needed basement done. Contractor says we owe 6k in addition to the 26k we already paid with cashiers checks for installing a door where an arch was, fixing a shower, fixing a bathtub, w...
Daniel Hart
What are some good holiday gifts for tenants?
Assuming they aren't behind on their rent ;)
I'm wondering what gifts I could give them that also help keep the property maintained... vacuum, fire extinguisher, plunger, haha.
Or maybe a gift card or gift basket, s...
Danae Pitcher
Putting Your STR In An LLC
How many of you have your STR's in an LLC? Most of my owners put their properties in LLC's, however just curious if there would be any compelling reason why you wouldn't want to do so.
Chris T.
Can I list a property I haven't closed on yet?
If I have a house under contract that I won't close on for 45 days can I list it with a realtor or do I have to wait until I close on it first?