Jonathan Greene
Why You Need a "Deal Killer" In Your Life as a New Investor
2 January 2025 | 37 replies
It drives me crazy but it does force me to 'prove it' before we spend money.
Christina B.
Lessons Learned: VRBO Pre-Approval is not for me (or most people)
20 December 2024 | 4 replies
Alternatively, you're a 5 minute drive to the resort.
Anthony DiSanzo
-- Out of State investing -- Locations
17 December 2024 | 8 replies
@Anthony DiSanzowhy not stay within driving distance to be hands-on?
J. Mitchell Bernier
New HUD Nominee: Great News for Housing Affordability
19 December 2024 | 1 reply
Extending and expanding these credits could be a huge step toward addressing the affordability crisis by boosting supply in struggling areas.It’ll be interesting to see how Scott Turner builds on his past work with Opportunity Zones to drive progress.
Saika Maeda
ADU permit or not; financial implications
20 December 2024 | 27 replies
You can only play games for so long.Chances are your next door neighbor is an IRS agent and turns you in when your tenants blocks their drive or some other random event disturbing your IRS neighbor.ADU catches fire and your insurance won't cover you, because it was an illegal and unpermitted structure.The city inspector told the last guy not to build or rent it, and is now pissed and wants to make an example of you and just red tags the whole property and no one can occupy for the next 1-2-3 years while you wait for a hearing.Then when you get the hearing, "staff" recommends you tear the whole structure down, and if you still want an ADU, you can apply for a permit and rebuild it.Your tenant quits paying rent and won't move out and you can't evict them, because there is no valid lease and they're just your "roommate".Probably a dozen other bad things can happen to you when you do stuff like this.
Carl Rowles
Is it worth it? Mobile Homes?
16 December 2024 | 17 replies
Water is the root of all evil.
Arthur Crum
RAD Diversified SCAM ALERT!!!
20 January 2025 | 242 replies
We are simply a group of almost 150 investors in RADD who have had zero returns and are looking for options to get our money back...if possible. unless there is insurance to go after or some hidden deep pockets class action is a non starter I suspect. just looks like from we see a failed investment or at least a deeply flawed one.
Tinia James
Made no profit this year should I still file taxes?
20 December 2024 | 9 replies
A more accurate way to describe it is "I received no income" - because you can have deals but still have no profit if your expenses are greater than your income.If you were actively looking for deals (and can document it) - as opposed to merely planning to start later - then you file Schedule C and claim business expanses such as marketing, driving, technology and so on.
Jim Bryant
What to Expect at Eviction Hearing
28 December 2024 | 16 replies
If you don't learn to manage your investment well, you will eventually destroy your property, lose money, waste your time, or drive yourself insane.
David Charles
New to BiggerPockets!
19 December 2024 | 13 replies
As far as investing out of state goes, I would pick something you can drive to in 4 hrs or less.