Meena Mallik
New member looking to connect
22 December 2024 | 21 replies
Do you have any tips on how i can get access to these events ?
Jeff Shaver
Need Advice on how to best use my equity.
23 December 2024 | 15 replies
Once you complete your exchange you could immediately do a cash out refi on the first property to access that concentrated equity you need.
Angelo Llamas
Tax breaks for a rental breaking even
19 December 2024 | 12 replies
As mentioned elsewhere, breakeven on cash flow is not the same as break even for taxes.Let's make some assumptions:Rental income = $1000Mortgage payment = $400 - but $300 is interest and $100 is principalOther expenses (repairs, advertising, utilities, etc) = $600Depreciation = $250The above scenario creates a break even from a cash flow perspective, however the tax scenario looks like this:Rental income minus the mortgage interest (principal is not deductible) minus the other expenses minus depreciation looks like this:1000-300-600-250 = $150 LossIf your income is over $150,000, then you cannot deduct that loss, but you can roll it over to future years.
Myers Bryan
Floorplan software recommendations?
14 December 2024 | 2 replies
Hi all,I tried Magicplan and found that it could not create a floorplan using my Android tablet's sensors as advertised and it's room-focused approach made doing a manual plan very difficult.So I thought I'd see if anybody has any recommendations.. here's my wish list:1) runs on android2) can either: scan walls to create a floor plan as I walk through a property, OR, allows me to enter in exterior walls, fix them in place, and then add rooms within either as walls or objects.Bonus:3) can send the plan to something that runs on Windows for further editingI'm looking forward to whatever you got!
Sunil Kale
Missed 11 month warranty - no communication from tenant
16 December 2024 | 19 replies
It will take approximately two hours, and I need access to every space, including the attic and crawl space.
Satyajeet Dodia
Is my Entity Structure overkill ?
20 December 2024 | 28 replies
The cost of renewing an LLC or changing the title is absurdly cheap unless you have one of those law firms that advertise a lot and have a huge advertising department and claim to have a secret sauce that guarantees protection.
Carl Reza
Hello BiggerPockets! New PRO here
13 December 2024 | 3 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
Sherrie Tullsen-Chin
Astro Flipping Jamil Damji
16 December 2024 | 15 replies
Setup all business tools like a CRM, MLS access or RE software suites a webpage digital business cards a Facebook business account.
Maegan Quaife
To Sell Or Not To Sell
16 December 2024 | 1 reply
I’m not an expert, but I don’t think you could live in the new property if you 1031 nor would you be able to access any of the proceeds for personal reasons.
Jacob Thorpe
Pulling out equity, HELOC, other stuff
16 December 2024 | 11 replies
Quote from @Stevan Stojakovic: Given that your property isn’t a primary residence, a cash-out refinance is likely your best option to access equity.