My wife and I have decided to move to a different city nearby so my daughter can attend a better school district. I'm considering keeping our current house as a rental investment. I already have a duplex that I bought...
Can someone explain to me how tax depreciation works as an LP? At what point do I actually pay taxes on my capital gains? Is it really just deferment and at some point I'll have to pay on all of it? Seems like a too...
TLDR: I can live anywhere in America with my remote optionality.What are your recommended Tier 2 / Tier 3 cities I should consider if my goal is to house hack a duplex in the next year?I moved to Austin, Texas 2 month...
A little back story on my current situation. Unmarried, no kids and no current properties owned. I am an overemployed IT professional with an above average income from just 1 job. I am 100% remote and will never ...
Feel excited and nervous at the same time. Never in the multi business before. Any comments/advice on what to watch out for are welcome. Many thanks in advance.Here are some details:10%+ cap rate based on 2015 act...
Hello BP nation! My question for BP nation is what is your day job? Although we would love to be, most of us are not yet full time investors. As I grow older and try to figure out the direction of my career, I love ...
Hey BP so I'm excited because it's looking like I'm going to be the proud owner of a 4-plex breaking my analysis paralysis buuuuuuut I could use some direction.
1. currently the water is paid by the land lord half th...
I received 2012 Schedule E. Shows gross income of $62k but after expenses, $33k. The prospective tenant uses a vehicle for his job so has $20k alone in vehicle expenses.
The person didn't include a depreciation sch...
I've been moving along in the process of getting a home equity loan on my second home, but I just ran into a snag. The company I'm working with won't count rental income until it has been collected for two years. My d...
Hi BP,
I am looking to purchase a 2-4 unit multi in St. Louis to househack. I have a good deal of cash and I will probably be putting down ~80%, but my income will be limited for the next few years ($30k/yr).
Do le...