Curt Smith
filing taxes on a note that I foreclosed on AND got the property back a low FMV.
I did search BP on this topic. Apologies if I missed a thread! I am almost an expert in RE taxes and self file. Just currious re any unforeseen issues with foreclosing the note AND getting the property back with F...
Amy Raye Rogers
The Negative Cash Flow Club!!
The numbers are in for 2021... 6 doors acquired in 2021... 8 total doors owned (all SFR)54k in rents, 24k expenses, 30k cap ex, and 30,500k in PITI...For a grand total of -31k net cash flow!!!but...400k equity growth!...
Steven Coppola
Will renting ever Die?
You always hear "buying a house is the best investment you can make" "Renting is like throwing your money away". What if everyone starts to listen and renting becomes a thing in the past? Now you're stuck with a prope...
Andrew Erickson
Tiny Homes - Produced in China
Hello all, I've recently been turned onto the BP podcast and forums. I'm in love! All the recent podcasts about the mobile home parks has got me thinking about some cool ideas. I'm curious what you guys think about an...
David Hart
Paperwork - What Form is Required?
Newbie question alert!
Say I've negotiated a selling price with a motivated seller, and the exit strategy is to wholesale the property via a double-close.
Do I use a standard Real Estate Purchase Agree...
Tyler Smith
Live in Flip vs. Regular Flip
Hi Everybody,I'm currently in the greater Seattle area and extremely interested in a live in flip for my first property (most likely a SFR due to Seattle's extremely high prices). I'm curious on how some of you guys d...
Paolo F.
Information on depreciation
Good morning,as I am very small I am trying to fill my tax return for my duplex by myself.The IRS documentation seems clear but not on houses depreciation.My doubts are:1) Should I start using depreciation from the fi...
Steffany Boldrini
Buyer's closing costs in PA and Self storage inspectors?
I'm buying my first property in Pennsylvania and am wondering if anyone has a recommendation for a good self storage inspector in the Allentown area. Also, what are typical closing fees? The agent sent me a bill that ...
Vincent Prentice
Kitchen Cabinets - Keep, Piant or Replace?
I have a new flip that I am working on and my issue is that the kitchen cabinets are a maple color but in really good condition. I am torn on painting the cabinets white, replacing the cabinets with newer trendy white...
Amy Van Ollefen
Vacation Rentals that you vacation in?
Not sure this is necessarily a strategy, but more of an idea/dream I was thinking about the other day. It all started because I used to live in Vail. I love that mountain! I love to ski! I live in Park City, UT now, b...