Richard Pilcher
Tax strategy question for future rental/current primary residence
Folks,I have a tax related question for the collective wisdom of the forum. I am in the process of trying to buy a multifamily to make my new primary residence along with some rental income in the style of house hacki...
Todd Solberg
What would your offer be on this deal?
Hello all, I hope this is where to post on deal analysis. This is an off market deal brought to me in a good school district in Rochester, MNIn talking with a realtor typically multi's are selling for 100x the gross r...
Nicole Greene
Fix and Flip Single Family Residence
Investment Info:
Single-family residence fix & flip investment in Blue Springs.
Purchase price: $80,000
Cash invested: $38,000
Sale price: $160,000
This was a single family residence, 4 bed/3...
Buckner Toney
HELOC on Primary - Insurance Question
Hello BPers,I am currently going through the underwriting on a HELOC on my primary residence to have additional funds available for down payments, all cash purchases, etc. I've been back and forth with my insurance pr...
Kenny Ye
Your opinion on insurance for rentals
Hello everyone,Is it possible to have the septic system of my rental property insured? Seems like it will be a big repair/replacement cost if it fails. Also, will it be possible to have my property insured for tenant ...
Angel Barrett
Have one almost paid quadplex or two mortgages
I have two quadplexes in Rio rancho NM. Random Maintenance is having me pay the mortgage a lot of the months. I’m thinking of selling one quadplex and throwing all the appreciation towards the first one. After 4 years...
Toby Hale
Advice on theft of property
Hi I just had long term renters leave my house. They took two flat screens that I had on stands. Probably close to if not more than $1000.00. A felony in NC. In addition to trash and some other problems I'm wondering ...
Tricia Plank
Can you use different names on the titles using a 1031
Can I use a 1031 exchange to sell property in "my name", put the funds with a QI who then purchases new property in the name of an LLC I form with someone else? I believe the answer is no because there would be differ...
Steve T.
Amount for expensing $ amount
I can't get a straight answer from my tax advisors-At what amount, $ wise, do you have to amortize vrs expense it out as a same year deduction?I have been using a $600 limit for expensing, anything over that gets lon...
Jagan Reddy
Cat urine challenge
Hello multi family investor gurusCat urine damages property very very bad. I have had multiple incidents ruining my units. It demanded to replace full flooring, scrape walls and repaint costing entire year worth of re...