
25 April 2024 | 24 replies
To invest in Huntsville, you have to put your best offer out with as few contingencies as you can allow.

24 April 2024 | 36 replies
You're supposed to provide 2 months bank statements but it will only allow you to upload one!

20 April 2024 | 0 replies
At the moment, have plenty of financial glide path, so don't need the equity of the current Investment prop, but had planned to owner finance (extra monthly income flow @7%, fluff... more income not required to eat, clothe, house. ).1) Cursory look indicates 30% max AGI can be deducted if deferred to Charity.
24 April 2024 | 11 replies
Unfortunately, too many investors don't bother to figure that out when they start.If you are going to get into this, See how much Passive Allowed Losses (PAL) they have banked.

24 April 2024 | 14 replies
I'd need to know more information to determine myself if I were assisting you (hypothetically, of course, since we aren't allowed to advertise our services through this medium), but from the surface level it does sound like you do qualify for the 121 exclusion.

22 April 2024 | 18 replies
@Ryan RuncheyThe bookkeeping for this specific property will likely be difficult.This appears to be a househack as you purchased a personal residence but also have roommates to help with the rent.As a result, a portion of the expenses as they relate to the house are personal in nature and non-deductible.Items such as real estate taxes, mortgage interest, etc are all pro-rated.On-top of that you are doing the BRRRR which indicates that there is rehab involved.Portions of a rehab are currently deductible, capitalized or non-deductibleCurrently deductible - payment for an area of the home that is a tenant area.

26 April 2024 | 40 replies
After that I sold off my two cars I had and worked overtime to save up the first $25k that allowed me to buy my first flip (in TX).

24 April 2024 | 4 replies
I am aware that Central Jersey, my market, has some aids that will allow me to purchase my first home, like HUD covering 15k of closing costs, but who can know more about these things?

24 April 2024 | 5 replies
Since last year of November, Fannie and Freddie has allowed borrowers to put min 5% down for conventional loans and being able to invest multifamily up to 4units.
23 April 2024 | 1 reply
Is there a particular space within Bigger Pockets that I'm allowed to market specific deals or services.