As I’m sure many of you are aware of, bonus depreciation began its phase-out this year. Bonus depreciation has been a key element in the tax planning strategies for many businesses which allowed for a large portion of...
Investment Info:
Single-family residence other investment.
Cash invested: $120,000
Single family 100 year old ghetto shack conversion.
What made you interested in investing in this type of deal...
Hello BP members,I want to ask about providing storage sheds to my tenants. Is it a good idea to install a storage unit for my renters? I'm looking at 3ft×5ft storage unit to each of my units. I'm just trying to ma...
So I'm getting ready to close on a property in a couple weeks and will need 40k to close. I have that in my bank but if I use it for the down payment I'll have little to no "cash" reserves. I have a 70k HELOC which i ...
Have some qns about non us buying us house1) There are many people setup llc for house buying Intend to do the buying personally rather from entity Using llc bank account for receiving rent and paying for contractor f...
My relator recently told me that if I used my VA loan, it would cost more the next time I use it. I don't really understand what that meant. Can anyone explain that?? She suggested I use the USDA loan instead. What ar...
I'm looking to wholesale 2 - 6 unit Chicago properties. The owner wants to sell them together. Both properties are C class, vacant and need full rehabs inside about $15-20k per door; kitchen, bath some wall replaced,...
So, this weekend my wife and I, plus our "partners"(her cousin and his wife) are all sitting down to discuss our plan for our first property. We are still in the beginning stages. We are going to talk about meeting ...
Hello, Everyone! I'm a mechanical engineering graduate from Arkansas State University and have been in the Nashville area since May. I currently rent and work in Smyrna off Almaville Rd Exit 70 on I-24. I learned a...
Hey guys I'm new at this, I'm looking to get in to flipping, I live in New York City I have roughly 20k liquid and I have a 780 credit score, any ideas on how to start?
I always see this shows on how to flip real s...