Hi all,
My question is pretty simple. I have spoken to someone via FB about my rental and they answered my pre screening questions well. They seem like a good fit. The only thing I’m hesitant with is their monthly i...
A new research paper was recently publish that examined and explained the reasons for Warren Buffett's investment success. Here's a brief summary...Warren Buffett's Success is mostly attributable to: * Use of leverag...
Hi! I'm analyzing my first set of deals. My aim is to build a multi-family home portfolio in SC. I'm currently looking through upstate SC with a realtor and have a pre-approved budget of $300k. I will use an FHA loan ...
I have multiple properties in the Los Angeles area that are being sold, and we are looking for new markets to 1031 exchange into. In the past our model was largely built around property appreciation. However, with thi...
I own many SFH rentals and when preparing my 2020 taxes, learned about the 20% qualified business income (QBI) deduction. Yay! I think I need to use the aggregated business safe harbor in order to meet all requirement...
Hi Everyone,This probably seems silly to ask, but I am still curious about it. Do you budget things such as new light bulbs, faucets, toilet flappers and water filters in the fridge as capital expenditures? Or do you ...
Hello BP!I know I should seek the advice of a competent CPA or Tax attorney, but I wanted to get some opinions of others prior. I understand you aren't giving tax or legal advice, so the disclaimer is out there.I hav...
Hello BP! I hope everyone has had a great Thanksgiving weekend so far. But I am so curios to ask, if we update, or renovate a property, and the property is a class B or C, does that mean that it can be changed to a pr...
Hi, I'm wondering about whether or not I can write-off an expense I had this year. I purchased a property last year and it didn't have a fence, because the previous owners took it down (and to their new house, I assum...
I want to document my agent's and my own activities so I can claim the 20% Pass-Through Tax Deduction (aka Safe Harbor). I know the logs have to be contemporaneous. Wondering how others are doing this?