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29 January 2025 | 3 replies
It comes down to the most effective use of a marketing budget.
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29 January 2025 | 12 replies
There's nothing that prompts inaction like uncertainty (in fact, hinting at demanding a stable 11 cap, one might argue, is a form of effective inaction, since we know how hard that is to find). - Substitute goods.
20 January 2025 | 6 replies
Make sure to communicate your BRRRR strategy with your insurance agent so they can recommend the right coverage for each phase.I learned this lesson the hard way: https://www.biggerpockets.com/forums/853/topics/1222933-my-b...
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5 February 2025 | 6 replies
In my experience, using a hybrid model—combining traditional realtor showings with self-guided tours—has proven to be an effective strategy.
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1 February 2025 | 5 replies
If it won't have any effect then don't do it.
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31 January 2025 | 3 replies
In your case, changing the property from a rental to your primary residence constitutes a change in use.The depreciation recapture will be calculated based on the fair market value of the building at the time of conversion, not including the land value.Since you're tearing down the existing structure, the entire amount of depreciation taken over the past two years will likely be recaptured, as the building's value at conversion will effectively be zero.The recaptured amount will be taxed as ordinary income, up to a maximum rate of 25% for residential rental property (Section 1250 property).
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7 January 2025 | 5 replies
Does anyone have a template or method that they use in order to screen tenants effectively in order to reduce the risk of non payment and damage to the property?
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5 February 2025 | 16 replies
Any agent who violates this is communicating to you that they are unethical.Best practices proves that interviewing agents BEFORE you go looking, to find the most competent one for your specific needs is the right way to do it.
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16 February 2025 | 11 replies
In Cleveland, I'm taking down duplexes as rentals and Cuyahoga county requires us to communicate with 3 - 5 departments just to get payoffs.
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28 January 2025 | 11 replies
Does anyone know when this went into effect?