Pandu Chimata
Flip turns into long term rental
Hello Tax team, Here is the scenario and I want to understand how the cost elements needs to be treated from taxing aspect?I purchased a property to flip in 2022. The property was ready for a sale in 2023 but could no...
Julio Velazquez
How to file for taxes as a wholesaler.
I just started wholesaling, I haven’t landed a deal yet. However, I do have a few offers I’m waiting to hear back on. In the mean time I want to know how does taxes work for wholesalers. If I make $20k from a deal how...
Dustin Sanders
Where do I start with no capital?
I know this sounds rediculous but I see success in investing but what if I don't have capital right now? Working 11 hrs a day Monday through Friday is my current situation but how to I get the ball actually to start m...
Mike Stock
Self storage evaluation basics
What are some basic rules of thumb or tips to evaluate self storage? Thank you.
Dave Ketcham
Property Management Agreement language
I would appreciate some BP wisdom on this. We just bought our first property in Missouri and the PM agreement includes the following two sections that are troubling -- we haven't seen this language before. It se...
Tyler Kirk
Best way to evaluate a 4 plex??
I am curious as to what everybody uses to evaluate a 4 plex to determine if it's a good deal or not. Should I be using the 1% rule like a SFR or should I evaluate it based off the NOI and Cap rate?I have seen two ways...
Doron Nisenbaum
How do you track and collect all the expanses?
Hi,I am about to have my first TAX report this year, and the CPA is asking for all the expense.During the rehab, I got tons of receipts and invoices. How do you keep track? Do you have some filing system?Thanks Doron
Matthew Ficorilli
Buying real estate to offset other businesses
I have a general question about business and real estate. I keep hearing places that people often buy real estate to offset other businesses. Is this just for tax purposes? I need some more detail on this subject. Tha...
Michelle Sobalvarro
Roof Surface Loss Settlement Question with State Farm
I recently changed dwelling policies to State Farm and they include “Roof Surf Loss Settlement - ACV” in the forms, options, and endorsements section. This wasn't on my previous policy with Safeco. I asked if it could...
Joshua Goston
Rental Property Investment Strategy
Hey guys, So I've been studying investing in real estate properties for a little while now. I've put together the beginnings of an investment strategy draft. It's laid out in order and is set up so that indented bulle...