V.G Jason
First REI Property
Investment Info:Dallas, TX quad-plex that needs reno on two of the units. Units A&B are 2br,1.5ba. Units C&D are 1br,1 ba. I believe this will be $750k+ property in the short term, at minimum.List Price: $645,...
Account Closed
Seasoned Real Estate CPA Expert Answering all Questions on Investing Tax Strategy
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
James Wise
James Wise turns down $500,000 TV deal.
A couple years ago we turned down a deal to do a TV show with the producers of the show Ice Road Truckers on the History Channel. That was a tough decision because the typical pay for a deal like this is $500,000.At 1...
Rob Lawrence
Do you think it matters if you use a 5% or 6% commission?
I am currently selling my house, and I have a 5% commission on it. My realtor says that maybe I am not getting as many people coming or an offer because of my commission percentage. In you experience, do you think i...
Bilal A.
Any High W2 earners out there?
To the High W2 earning BP members out there, what strategies have you used to decrease your W2 taxable income? Depending on what state you earn your wages, income tax rates of 40-50% are unreasonable. Most of you like...
Indy Smith
Questions about subject-to purchases
Hi everyone, Can someone please clarify a few things about subject-to for me? I understand that you essentially take over the existing mortgage from the seller, thus "subject-to the existing mortgage". Does the buyer ...
Charlie Moore
Should I Charge MOVE IN FEE or TRADITIONAL SECURITY DEPOSIT. HELP
- Do you charge move in fees?- Do you ever run into issues with this?if you do not charge a move in fee..... Where Do you end up putting the security deposit? Bank???
Kimberly T.
Can "having a job" be part of your tenant screening criteria?
Hear me out.
Let's say part of your screening criteria is a minimum of 3x rent as income. In CA and some (all?) other states, you cannot discriminate based on source of income. That means if the prospective...
Tyler Hill
Opinion on Selling or Renting Current Home
Hello everyone, First post. My wife and I are looking to move into a bigger home over the next year or so and I need some advice on whether or not to sell or rent out our current home. I've read the book on Rental Pro...
Josh Raymond
Evaluating Sale Vs. Rent
Hello BP Community,
How do you evaluate selling a property that has appreciated 6 figures vs. keeping it as a rental?
Purchased a place to live in 2014 297K, could sell for $415,000 in todays market within a month....