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Results (10,000+)
Bao Vu Question regarding Tax on a Flip
12 December 2024 | 10 replies
For tax purposes, the profit is calculated as the sale price minus the cost basis (purchase price + renovations + transaction costs).
Rene Hosman How do you do bookkeeping and financial reporting for your rentals?
4 December 2024 | 30 replies
@Rene HosmanIf it’s too much to do in excel I have a bookkeeper handle it - now there are overseas companies that can be very cost effective as well.
Burt L. City Right of Way Agent Greatly Misrepresented Project To Gain Construction Access
9 December 2024 | 9 replies
It may effect lease renewals.  
Benjamin J Thompson AI Analysis Tools? Which is best and why? Anyone using any of these and why?
5 December 2024 | 11 replies
I'd say forget the AI buzzword hype and go back to programming something useful based on real transaction-level data like below (that can help you with any deal you find, from whatever source you have).Sales Comps & ARV estimate:Market Stats:AI won't be able to provide you anything close to this, nor does the RedFin/Zillow market data drill down into the market as deep as I do here.Additionally, if you understand how the leading LLM's work based on a black-box floating point matrix, you just can't trust their conclusions like you can with your own program.
Matt Wan Foreign debt's effect on mortgage application
2 December 2024 | 0 replies

Last week I made a post about getting a US mortgage as a US citizen who lives abroad (https://www.biggerpockets.com/forums/49/topics/1219693-getti...). People responded by explaining that residential mortgage lenders ...

Jonathan Buelow Rental increase strategy
9 December 2024 | 7 replies
I let them run to the end of the year as m-t-m, then send a rent raise letter, usually for $25 or $50, on or about Nov 1, effective Jan 1. 
Rita Medeiros Section 8 & mice what are the expectations. Give me your opinion
12 December 2024 | 20 replies
Besides a mouse trap, another effective way to deal with mice is a cat (if the tenant wants one and the lease allows it).I grew up on a family dairy farm and the barn had grain, which attracted mice.
Scott Trench New Policy Idea: BiggerPockets to Send Wholesalers a $125 Bill For Every Solicitation
8 December 2024 | 14 replies
There are more effective ways to accomplish this.
Jon Shepard Help with First Land Purchase
7 December 2024 | 1 reply
I’m wondering if anyone would be willing to help me out with the transaction to make sure I’m not overlooking anything and making mistakes.  
Shawn Nofziger Self fund first property or get loan?
9 December 2024 | 6 replies
If you only plan on owning 2-4 properties, then there's really no harm in self-funding them unless you know a better, safer way to make more than the going interest rate on that money (most investment mortgages right now are about 7%, maybe effectively 5.5-6% after taxes depending on your brackets and tax structure).