Good Day BP members!Would anyone have any good recommendations for tax preparers in the metropolitan Atlanta area that specialize in real estate investments?I'm looking to have my taxes prepared by a professional for ...
Hi All,
My partner and I are working to put a 9-plex under contract for $285k with a $1k escalation clause. We have not gotten it under contract yet but we should have a decision by Monday. The property is essentiall...
If I buy these things BEFORE I CLOSE ON MY FIRST RENTAL PROPERTY, can I still report it as tax deductions for 2021 (max amount I believe I am able to deduct is $5k in first year, start up business expenses, or whateve...
Hi I'm looking to invest in my first rental property in the 518 area. I've had some discussion with larger banks (BofA) regarding investment loans and the down payment + closing costs seemed high (25k down and 8k clos...
Greetings,
I'm looking to buy a townhouse Condo in Newark. I have already started talking with my attorney about some of the requirements, and he is suggesting that I do a survey for the condo. After reading up o...
Investment Info:
Large multi-family (5+ units) commercial investment investment in Chattanooga.
Purchase price: $1,815,000
Sale price: $2,600,000
Vista Ridge - 41 unit
What made you interested in...
Ok my property has been ready to be on MLS since May 15. Now realtor tells me she’s having technical issues getting it “syndicated” and now tells me after I’ve traveled 250 miles that she’s quarantined and cannot mee...
I have been working with a lender who has been giving me 0.625% above conventional 30yr mortgage. (ex. if the rate is at 4.5%, he will give me 5.125%) He says that is the adjustment because it is riskier to lend on mu...
Hi BP'ers. Does any have experience with adding verbiage into their lease or addendums that gives the owner the right to terminate the lease with the tenant (not at the end of the lease) in 30/60/90 days because of a...
I have an inherited tenant lease that is expiring at the end of Feb. They were at market when I purchased, but property needs major rehab to re-lease. I estimate $9-$11k including make ready, lost rent, and lease fee....