Aaron Hale
Power/water for triplex common areas?
Hey BP,I’m closing on a triplex in Akron soon, our first multi-family, and was wondering how utilities for shared/common areas were handled. I’m sure for commercial apartments, there is a separate electrical box paid ...
Matt Zale
Calculating Comps - Adjust for furnished?
When doing comps to determine ARV for my leads, I occasionally run across furnished properties.How do you handle those..Simply toss them out of your comps? Some kind of regression analysis? This question could be for ...
Yan B.
Question about possible asbestos
So I am in the process of buying a fixer upper property. My plan is to occupy it as my primary residence while fixing/upgrading it, and eventually sell it after 2-3 years with maximum tax benefits. Anyway, the basemen...
Reuben Royal
Investor Skills
Hey guys, I'm looking to really improve as an investor. I'm looking to the pros for the question. If you had to choose 5 essential skills as an investor or just business in general, what would they be? I chose 5 becau...
Kristopher Jarreau
Recommendation: Paint sprayer
Looking to buy a airless paint sprayer. Don't want to break the bank, but want to get the job done right & not replace it too often. Initially for a 1500 sq. ft house I have (inside & outside). After, I wil...
Ben Foullon
Holding Company Question
Hi everyone! I have an LLC and a friend of mine has an LLC. We formed a holding company where both of our LLCs are members. Are we able to transfer our funds to each other's LLC without worrying about taxes since they...
Aaron Knoll
Recommendation for a good RE-savvy CPA in Salt Lake valley?
Can anyone recommend a good accountant? To make a long story short: I landlord for 5 years without realizing depreciation was non-optional. I'd like to file an IRS 3115 this year to try to recapture at least some of t...
Lindsey Clifton
Help me help my landlord client
The tenants have moved out, but they have left a lot of stuff behind. The husband keeps procrastinating getting his stuff, and there's just a bunch of junk, but like there's a truck and a motorcycle left behind? I've ...
Linda S.
House Flipping Financing Options - JV, Private, HML Tax
Hi BP experts,First of all, thank you so much for all the knowledge you've shared. I've read a lot about "passive" vs "active" income and how "passive income" is taxed as capital gain and "active income" is taxed as o...
Henry Lazerow
FHA increases multi unit limits for 2021!
New limits. These go in affect after Jan 1. The biggest change is to 4 units which are my personal favorite type of building for cashflow and house hacking. The self sufficiency test still applies to 3/4 units but man...