Bruce B. Lee
Hello, BiggerPockets! House Hacking Help Needed!
17 January 2025 | 1 reply
i wouldn't tell you where you should move since i don't know you.also, a lender would be in the best position to advise whether you qualify for a specific loan.
Joshua Tucker
Tax breaks on tribal land
16 January 2025 | 2 replies
On top of that, hiring tribal members for construction or operations could qualify for employment-related tax credits.
Kyle Knudsen
1031 Exchange to build ADU on family owned property
7 January 2025 | 3 replies
Improvements on property you own do not qualify.2.
Carlos Lez
Tenant's cosigner asking to break lease due to medical reasons
14 January 2025 | 9 replies
If your medical condition qualifies as a disability and your current living situation isn't suitable, you might have grounds to break your lease without penalty.'
Nicholas Dillon
Taking additional cash from a 1031 exhange
7 January 2025 | 3 replies
It’s a good idea to work with a qualified intermediary and a tax advisor to ensure everything is structured properly and you’re clear on any tax implications.
Manuel Angeles
Affordable Housing Development Capital Stack Structures
17 January 2025 | 7 replies
Good concept but so much red tape it does keep us little guys out unless the qualified developers are willing to bring us into their deals.
Daniel Chen
Section 179 Question for rental business
4 January 2025 | 11 replies
An LLC is potentially one minor factor that might contribute to the evidence that you are running your rental activity as a trade or business, but it's definitely not required that you have an LLC to qualify.
Collin Hays
Best Practices on cancellation credit card chargebacks?
15 December 2024 | 15 replies
The merchant also failed to provide proof that the cancellation policy was properly disclosed to the cardholder."
Joshua Piche
Im looking to move out this year and house hack my first property
7 January 2025 | 12 replies
@Joshua Piche with little experience, it's better that you invest locally vs OOS - unless you want to invest a LOT of time learning another market and networking with th right people.Locally, look for a 2-4 unit property that will qualify for FHA 203(k) financing. - This will allow low down payment and the 203(k) allows repairs to be financed into the purchase mortgage.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.
Hayat- Hyatt Barron
New Jersey Investor Seeking to Build Passive Income—Let’s Connect!
4 January 2025 | 12 replies
My suggestions would be in this order:(a) Determine the type of financing you qualify for - this will short cut the process considerably and save time on investment angles and next steps.