Catherine McHale
Renovating my guest house for rental income
Hello,
I recently purchased a single family home with a separate stand alone building, complete with chimney and fireplace, that will make a great studio rental (appx. 400 SF). I would like to renovate the b...
Siva A.
First BUY and HOLD : Was it a good deal?
Hi Guys,We did our first deal before I come and read much about REI in BP. I used different calculators, But in a long run is it a good deal or not I'm not sure. The property located in northern suburbs if Atlanta. He...
Abe Alam
Sell before the "2 out of 5 years" tax free window expires?
Hi folks, looking for some advice here...I have a rental property that is in a high demand neighborhood. Its a 4/3 home that has 175K mortgage on it and is worth roughly 310-325k now, but could need some renovations (...
Matt Herbert
Capex, Opex, NOI and more
I'm trying to understand how capex reserves factor into NOI, Cap Rate, Debt Service Ratio, and other metrics. Lets assume the following yearly numbers for a Single Family Residence (these numbers are made up, try not ...
Timothy C.
Avoiding LLC/Personal Finances Commingling
As I'm getting the foundation of by business started, I'm trying to take into consideration the tax implications as well as the legal implications of the money I spend. Since I don't know the answer to this questi...
Flavio Espinal
New In Real Estate and have a lot of doubts.
Hi All!
I am new to BP and Real Estate in general. I have multiple questions some of this may be dumb questions but it doesn't hurt to ask.
1- I have a Line of Credit with my Bank. Would it be a good idea to start...
Account Closed
Investing Off Disability
I'm legally disabled and don't feel that my $860 a month is going to provide my son with a leg up on his future. I'm very limited as to how much capital I can have, but I want to eventually find a way to use rentals t...
Mike Woods
Indianapolis BRRR Investing - How's it Looking?
Looking at BRRR investing in the indianapolis area. Has anyone had luck in this area and what types / price points of properties are you having success with? Thanks!
Pandu Chimata
Tax categories on a vacation home expenses
Hello tax gurus, How are you folks doing?
Background: In this year, I bought a house in CA for an vacation rental in Airbnb and VRBO. Its going good so far. I spent close to 25K in setting up as an vacation rental. ...
Darren Chang
CPA familiar with 1031?
Hi, I'm planning on doing a 1031 exchange. A good friend who is also a broker recommended finding a CPA to work out the number (unfortunately she doesn't know one herself). Does anybody have a recommendation?