Brian, I believe you can still deduct the mortgage interest and property tax on Schedule A as a second home if you itemize in 2024.

If I would have bought a sustained portfolio with multiple units rather than starting with a single purchase I truly believe I would have lost a lot of money while my systems flailed rapidly attempting to catch up. 

@Joe MichaelsI believe the new cap ex starts a 27.5 year clock at the time of repairs.

It seems like there’s an opportunity here for the right buyers who still believe in BRRRR.Curious to hear from those who’ve been in the game longer—do you still do BRRRR, or did you pivot?

If one of the greatest investors of all time believes stocks are overvalued, this may be an opportune time to shed some risk and move into a more tangible asset like real estate.The Rochester housing market is a great place to consider for investment.

In the event you do have to pay for the repair (although I would heavily contest this with the contractor) I think its fair to charge the tenants with an explanation that you did incur damages for the repair although you previously believed that you would not 

I do bot believe i have the personality or systems for it!

Hi Makani, I believe that staying positive is great cash flow in itself. 

For the son to qualify for the $250k exclusion, I believe he would most likely need to meet the ownership and use test, meaning he needs to own and live in the home as his primary residence for at least two of the last five years before the sale.

Can't believe I've been reading Rich Dad books for years before ever hearing about Bigger Pockets via David Greene books (BRRRR and Long-Distance RE Investing).