19 November 2024 | 6 replies
It is reasonably priced per property and seems that it has been created by engineers specifically for properties worth less than 1.2 million and has audit protection.
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20 November 2024 | 3 replies
You can acquire your first primary for 3-5% down for conventional or 3.5% FHA + upfront cost for fha specifically.
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19 November 2024 | 8 replies
@Heidi FahringerReal Estate Expertise - Are they familiar with real estate-specific tax strategies, such as depreciation, 1031 exchanges, and write-offs for repairs, property management, etc.?
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19 November 2024 | 5 replies
Are there specific networking events or forums within the BiggerPockets community that you recommend?
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28 November 2024 | 184 replies
“I don’t remember any specifics right now,” she told San Antonio attorney Leslie Luttrell, who represents multiple creditors in the bankruptcy.
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25 November 2024 | 14 replies
Either way, I will be very specific and intentional with vetting the property and numbers before I go through with the sale.
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19 November 2024 | 7 replies
We purchased a property in early October and are placing it in service this week (mid November).We had intended to run a cost segregation study and try to accelerate depreciation which we can deduct against our W2 (assuming material participation).However, we have been reading through the IRS guidelines (eg publication 946 on Property Depreciation) and there seems to be the concept of "short year" which would mean that we can only deduct ~1.5/12 of a year's worth of depreciation in 2024.Is this correct or are there any different rules for STRs specifically?
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22 November 2024 | 15 replies
A triplex or quadplex could provide more units for rental income, but obviously will require more financing, so having your financials and pre-approval lined up early is key.Since you’re already looking to network, attending local real estate meetups is a great idea—you can also connect with seasoned investors or agents specializing in Long Island properties who can offer advice specific to the area.
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23 November 2024 | 38 replies
Then ask about their experience working with remote investors specifically - you want someone who's great with virtual showings and detailed walkthroughs.
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21 November 2024 | 7 replies
Some of the talk coming from the Trump camp is promising, specifically Elon musk and the department of government efficiency.