Adam Michel
First Time Buyer - Off-Market Inheritance Deal
14 January 2025 | 2 replies
If you’re planning to hold this property as a rental after the rehab, make sure you’ve crunched the numbers on a realistic timeline.
Dan Audino
Intro Post - Chicago Commercial Property Manager
11 January 2025 | 9 replies
I love that you have specific goals for 2025 - I believe if we think it, write it, say it, and share it our goals are 10x more likely to come to fruition.Are you able to do option 2 and just house hack a 2-4 unit building and use a renovation loan which allows you to put down 3.5-5%I highly suggest getting to some local chicago meetup groups (we have an in person one on the 17th)...here is BPs list: https://www.biggerpockets.com/forums/521-real-estate-events-...I also have a full list of the chicago meetups that I can share with you too if that'd be helpful.
Polat Caglayan
Detroit or Cleveland?
17 January 2025 | 27 replies
It's tough to give a definitive answer without knowing your specific investment goals (cash flow, appreciation, etc.) and preferred strategies (BRRRR, wholesaling, etc.).However, since I'm a Cleveland native and active in the real estate market here, I can offer some insights on why Cleveland could be a good fit:Affordability: Compared to many other major metros, Cleveland offers a relatively low barrier to entry.
Mitch Davidson
New STR Restrictions Coming for the Asheville Area
17 January 2025 | 40 replies
The committees have never said they'll require a specific form of evidence to show that you've rented the place for at least a couple of nights.
Heather Bailey
Insuring your House Hack
13 January 2025 | 6 replies
@Heather Bailey they will ask you what style of renting you plan to do.
Annie Anson
How to meet material participation hours for out of state investors
17 January 2025 | 21 replies
That said, there are alternative ways to meet the requirements, and with proper planning, you might not need to rely on these specific tests if most or all of the participation comes from you during the first year.
James Colgan
House Hack - Duplex
16 January 2025 | 3 replies
If you are going to be an owner-occupant, want a low down payment, and are planning to do a renovation, the FHA 203k and Fannie May Homestyle loans are your best optionsHow do you know the property is currently upside down on the mortgage?
Jacob Havlovick
Duplex House Hack
21 January 2025 | 7 replies
@Jacob HavlovickBigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Alan Mills
Seeking Strategies to scale up
21 January 2025 | 5 replies
It seems like it would be great to flip one property while planning on getting another one ready to add to my rental holdings.
Kyle Carter
Can I use the 1031 exchange to buy my primary residence?
15 January 2025 | 5 replies
The specifics of your situation will determine where you might need to fall on that spectrum of holding period.