Jon Ankenbauer
Best Way To Transfer Land From a Family Member
28 January 2025 | 8 replies
Is there a way to utilize the "gift" feature illustrated in the tax code?
Tyler Edens
House Hacking Budgeting
20 January 2025 | 4 replies
Here are the key numbers:Potential purchase price: Mid-$400k rangeAppraised value: Estimated at ~$500kRehabbed comparable properties (comps): ~$580-600kMonthly PITI (with 5% down, including mortgage insurance): ~$3400First-year PITI (with 2-1 buydown): ~$2900Monthly income (after taxes): ~4-5kLiving expenses (utilities, groceries, etc.): ~$1600Savings available: ~15-20% of the purchase priceCash to close: ~$34kRehab estimate: ~$34kRemaining reserves: ~$20-25kTo fully fund the rehab, I’d need to come up with an additional ~$15k in the short term, which I anticipate paying back quickly once the rental portion is generating income.
Kash Tacke
Turn a detached garage into an ADU?
8 January 2025 | 6 replies
Right now the only utility at the garage is power so basically I am starting with a frame and a roof.
Kegan Scholl
Best market for first house hack to cash flow? FL, TX, AZ, UT, other?
20 January 2025 | 6 replies
My advice: don’t overthink it—your first house hack is about learning, so pick a strong rental market, ensure solid demand, and lock in a deal that gets you close to break-even or better.
Brandon Morgan
is an LLC necessary?
27 January 2025 | 33 replies
No - but I'd say about 90% of my borrowers/investors utilize an LLC for what it's worth.
Benjamin Carver
Raleigh-Durham 2025 Real Estate Market Outlook
24 January 2025 | 1 reply
And North Carolina at large has become a popular pick for both investors and relocators over the last half a decade or so.
Christi Wolverton
Credit card payments declined
16 January 2025 | 6 replies
I am just a guy who tends to give illegal advice, I guess.And finally, folks need to be aware that while many travelers pick the nomadic lifestyle for some of the awesome reasons: travel, excitement, variety, some pick it to try and increase their income to a level where they can earn their way out of terrible financial situations or decision making.
Anthony Finelli
Pay Off Second Home or Leverage into New Property
1 February 2025 | 2 replies
Let brokerage grow, tenants pay down mortgage, and save up for another property organically (Cons - slow growth, waisting equity// Pros - low risk)2) Cash out the $300k brokerage account, pay off the townhouse, start cash-flowing $2,400/mo, and save up for new investment or 1031 into multi family(Cons - cap gains tax on cash out, high Oregon income tax penalty, hard to find deals being $2,400 monthly cash flow) // Pros- cash flow, increased leverage into large investment)3) Cash out $300k brokerage and put into separate Multi Fam property, hoping for $2,400/mo+ cash flow, keep townhouse rented as is (Cons - cap gains tax on cash out, not utilizing equity PROs - increase portfolio value, higher upside with value add or rent increase on new units?)
Yael Doron
Title: Looking to Invest in the Phoenix, Arizona Area - Advice Needed
28 January 2025 | 14 replies
I will message you and we can pick a time.
Jacob Havlovick
Duplex House Hack
22 January 2025 | 8 replies
Hello Biggerpockets Community, This is my first post as I am trying to utilize BiggerPockets more.