Brendan Jones
First property advice
9 January 2025 | 9 replies
We did not know if our proximity to Nashville would be more important because of the fact that we would be doing a short-term rental with the property for half of the year and then using the property exclusively as a rental in a few years?
Abraham Shamosh
Section 8 Questions
9 January 2025 | 4 replies
My recommendation would be to get approved as a Landlord, contact the director's office and request that an inspection be completed before a tenant is selected (sometimes they will do this as long as you select a tenant within 14 days - which you want anyways), and have an online application and screening resource in place.
Kyle Carter
Can I use the 1031 exchange to buy my primary residence?
15 January 2025 | 5 replies
Even then, the IRS may scrutinize the transaction if it appears the intent was to immediately convert the property into a personal residence.Additionally, if you eventually sell the property after converting it to a primary residence, you may qualify for partial benefits under the Section 121 exclusion for primary residence gains.
Briley Roe
Hello BiggerPockets! New PRO here
2 January 2025 | 3 replies
Be sure to check out the Pro Exclusives under the "Get Started" menu!
Caleb Rehg
Renting to College Students
12 January 2025 | 23 replies
New occupants will be coming soon, but in a 3 family, i have set of excellent student tenants that renewed.That said, many landlord insurance policies have exclusions for students, so I am trying to gather info on updating a policy to consider the fact that the building is only going to be 33% student occupied.
Celine Besson
Managing a renovation from afar
14 January 2025 | 6 replies
Hi, @Celine BessonI work exclusively to help my out of state investor clients find great deals in the Memphis real estate market.
Amol Kulkarni
Amol Kulkarni - I need a PM
5 January 2025 | 4 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
Nathan Noorlun
Recommend Property Manager in Sacramento CA
4 January 2025 | 5 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
Ryan Cousins
Hold onto a Negative Cash Flow Property?
17 January 2025 | 23 replies
If you move for a valid reason like new job, you can pro-rate your gains exclusion.
Tony C.
Filing a 1065 Partnership return Husband/Wife vs Schedule E
15 January 2025 | 41 replies
Dave NA ,Non LLC and non corporation husband-wife holders of rental properties do not have to file a partnership return; They can file Schedule E.The problems comes if it is held by an LLC(Two-member) in a non-community property state.For the management activities I would still recommend using an S-election or C-corp if applicable.