Jeff Cashell
First buy and hold in Columbus Ohio
Looking at making my second offer for hopefully my first property buy and hold. $78k single family split level. Solid neighborhood. 3 beds and 1.5 baths at 1609 sq ft. Traditional financing with 20% down. Taxes and in...
John Adamkewitz
1-4 Unit condo deal?
Hey Guy's, I need some experience on this one. I don't know much about owning and renting a condo, except that many owners don't like the hoa's.
Buy and Hold.
8 yr old condo unit, 1 of 10 total in compl...
Annie Li
Meridian Kessler Duplex - Deal or No Deal?
Hello Everyone,I'm under contract with a 1920 year built duplex in south part of Meridian Kessler (between 39th st and 40th st) for $205,000, 4 bed 1 bath on each side. One side is vacant and is completely renovated,...
Alik Levin
Broken electric fireplace replacement - repair or improvement?
Dear all!,Does electric fireplace replacement count for repair or improvement?The real question is can I deduct the expense at once or must I depreciate it from tax perspective?Thank you-Alik
Joshua Todd
Renter pays for year up front!
All,I've been attempting to work this issue out but cannot seem to find the best solution. Renter's lease expires in August, good time of year in Northern NY for lease to expire as winter is a bad time to move. The ...
Mike Ball
Multifamily Repair Budget per unit
I am under contract for my first multifamily deal, a 20-unit property in Charleston MSA. I am doing some forecasting and wanted to get some thoughts on what people budget annually per unit for repairs (including unit ...
Orlando Paz
What is the breakdown of the 70% rule?
I have been using the 70% rule, since learning about it on BP's free book. I've also heard of other percentages as well, but for now focus on only using 70%. My curiosity is on how this percentage came to be? is it co...
Jim Lowe
Am I doing something wrong when I run the numbers?
Hey guys, I'm very new to this(flipping) and I have some homes around me for sale that I think could be a great first flip, but then when I run the numbers it seems like I'll take a loss. Please help:My question is ab...
Patrick Owens
Self-Directed IRA: Who can manage the rental property?
I am considering methods to increase cash flows in my self-Directed IRA that can benefit me now. So, can my Self-Directed IRA hire me as the property manager over the rental property?
Raz Francesco
Looking for north NJ, TX, FL experts
Hi everyone, I recently retired from the Army with total disability which means I'm fully Exempt from property Tax on my principle residence in NJ TX and FL (I heard they dont care if you rent after you lived in for s...