![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3157004/small_1734144472-avatar-markg730.jpg?twic=v1/output=image&v=2)
19 January 2025 | 6 replies
My target market is South Florida, including Miami-Dade County, Broward County, Palm Beach County, and possibly Collier and Lee Counties.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3075212/small_1720905588-avatar-annec83.jpg?twic=v1/output=image&v=2)
6 February 2025 | 19 replies
The risk of "piercing the veil" applies more to LLCs when personal and business finances are not properly separated, not necessarily to individual landlords renting a portion of their home.A more practical approach is ensuring you have a solid lease agreement, sufficient liability insurance (including an umbrella policy), and properly reporting rental income and deductions on your tax return (Schedule E).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3143716/small_1731078319-avatar-francs1.jpg?twic=v1/output=image&v=2)
16 January 2025 | 0 replies
Through my journey I have gathered priceless information about the markets and maintained countless of connections including contractors, investors, agents and brokers.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1147078/small_1736641127-avatar-bpmikeg.jpg?twic=v1/output=image&v=2)
31 December 2024 | 13 replies
In other words, FB marketplace cast offs won't be the best fit unless you're lucky enough to come by some Pottery Barn or West Elm or brands like that.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1711637/small_1621514962-avatar-ryanp2222.jpg?twic=v1/output=image&v=2)
10 February 2025 | 71 replies
However I have done them in multiple States including Pennsylvania and South Carolina, and what I can say is that it is a tool in your tool belt. when you come across a deal that makes sense to make this type of offer you can do it. the laws in your state make it difficult for you to do these types of deals I suggest either don't do them or pick a virtual market in which you can do these types of deals.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2384861/small_1737505563-avatar-jamesb1383.jpg?twic=v1/output=image&v=2)
27 January 2025 | 6 replies
However, if you sell instead of rebuilding, the IRS may include part of the payout in your taxable gain unless reinvested under the §1033 involuntary conversion rules, which allow you to defer taxes by purchasing a similar property within two years.If the property was your primary residence, you may exclude up to $250K (single) or $500K (married) of gains if you lived there for at least 2 of the last 5 years, likely resulting in no taxes owed.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3155838/small_1733882750-avatar-gabrielw72.jpg?twic=v1/output=image&v=2)
23 January 2025 | 9 replies
I buy and hold and do short term rentals and mid term rentals.Located in Racine Wisconsin Hello Gabriel: I also live in Racine County there are some great deals our way and including southern milwaukee county too!
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/104655/small_1695192647-avatar-humorean.jpg?twic=v1/output=image&v=2)
6 February 2025 | 9 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2022513/small_1673318838-avatar-noahb98.jpg?twic=v1/output=image&v=2)
15 January 2025 | 49 replies
If we upgrade to PB Pro, does that include a Stessa Pro membership?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3056203/small_1718986521-avatar-nicholasn166.jpg?twic=v1/output=image&v=2)
30 January 2025 | 6 replies
In Philadelphia area there are several REIAs including Diversified Investors Group (DIG), Delco Property Investors (DPI), and South Jersey REIA (SJREIAA) just to name a few.