William C.
Is a HELIC considered profit?
CPA’s, accountants, and loan officers please chime in but obviously don’t provide anyone with tax advice, but does my logic make any sense?I was told once by a lender that debt service is not considered profit. For e...
Ryan Rock
Mobile Home on a Cheap Parcel as spec house
I ran into a woman a week ago who had a great investment idea, I thought. She told me you can pick up a used mobile home for next to nothing, rehab it, put it on a piece of property with a well and septic and sell it ...
Aaron Caminati
Advise for renting properties in heavy college areas
Hello everyone (or anyone lol) first off if this is the wrong place to post this please feel free to let me know and guide me in the right direction. I bought my first rental property 3 years ago in my area, which is ...
Shaunte' Spangler-Drayton
Potential House Hack
I'm looking for my first house hack and I live in a smaller town where prices aren't sky high. I have been to this property before and, to be blunt, it was in horrible condition. I also know that this is not the best ...
Harrison Sharp
DFW Rent by the Room Strategy
Hi all, Been on BP for awhile, have a house hack in Plano and a second property in OKC under my belt right now. I'm currently working on getting my sales license before my next deal next year. With that being said, ...
Reid Isaki
Depreciation recapture on improvements
I see tons of the same examples on depreciation recapture. My question is if i replace an appliance and depreciate it over 5 years does this need to be calculated into my depreciation recapture if i sell the property ...
John Thuesen
upgrading from 60 to 100 amp necessary?
Hi Everyone,
I have a triplex with 60 amp service.
My insurance company is demanding I upgrade to 100 amps. $4000 is my
lowest bid. There are 2 small 1 bedrooms and a1 2 bedroom. Each
apartment has an electric sto...
Dustin Pavlik
Requirements for brrrr refinance
Looking at buying a SFR for approx. 30-40k. Only needs 15k in renovations. Let’s say I’m all in for 50k and the property should rent for $850. ARV would be roughly 95k. What are the requirements for refinancing? Are t...
Melissa J moore
How can I add to my portfolio?
Hello,
I am new Pro member on bigger pockets and I'm excited to connect with other investors! I'm also interested in building a team. My husband and I have three rental units total (1 single family home and 1 duplex...
James Kojo
Delayed Syndication for MFR takedown?
Is it possible to structure a personal purchase of a commercial MFR property with the intention of selling of pieces of the deal after the deal has closed?Why I ask: I buy properties for my personal portfolio (I'm not...