Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Michael Zagorsky Schdule E: Converting long term rental to personal not count?
2 August 2020 | 6 replies
From the instructions for Schedule E, was confused about this line:Do not count as personal use:• Any day you spent working substantially full time repairing and maintaining the unit, even if family membersused it for recreational purposes on thatday, or• Any days you used the unit as yourmain home before or after renting it oroffering it for rent, if you rented or triedto rent it for at least 12 consecutivemonths (or for a period of less than 12consecutive months at the end of whichyou sold or exchanged it).So, does that mean that if I am converting a long term rental to personal use in Q4 of this year, does that mean that for intents and purposes I get to treat it like it was a rental all year for expenses and CapEx and I should leave the personal use days box blank?  
Ira Sullivan Step by Step Process in Purchasing Multifamily Units
5 August 2020 | 7 replies
Your lender will prob want a summary to figure Debt Coverage Ratio.4) Financing (90 days after M/A or 60 after waiving 2) and 3)) - This is the time the bank takes and for you to have a rate/terms acceptable to you (make sure your broker puts this in the PSA since it'll affect refundability of E/M(.
Sean Dougherty Going after earnest deposit in escrow.
26 August 2020 | 9 replies
You may want to consider whether to try and negotiate a split of the E/M or take the time to deal with mediation.
Tim De la Torre Why can't I get an agent to return my calls?
3 August 2020 | 2 replies
Perhaps I tried too hard, as I put together what I considered was a thoughtful introductory e-mail along with a photo of my family and stated that I was looking to make my first investment purchased of real estate and was looking for an agent with experience that could get me a local MLS listing of properties with my criteria so I could start to learn the market. 
Tian Luo Should I add fence to my rental property
10 August 2020 | 6 replies
Originally posted by @Lynnette E.
Glenn Levy Asking how to make your buyer's waiver of an appraisal hold up.
8 August 2020 | 6 replies
"the seller will state that they are willing to "waive the appraisal""In OR and do comm RE on apartments.I don't know about waiving appraisal, but if a buyer waives the financing contingency upfront, it means he can't use failure to get financing as a reason to refund his E/M (assuming that's damages if he doesn't close).Am kinda curious how stuff works in NJ.  
Mack Braun Buying first mobile home park
10 August 2020 | 4 replies
The key to happiness with mobile home parks is to buy those that have favorable 1) infrastructure 2) density 3) economics 4) age of homes and 5) location (we call this I-D-E-A-L) -- and the correct sum of those equations yields what resembles a high-density subdivision, and not the "trailer park" that people always think of. 
Geoff Bishop Web-Based Property Comparison
8 August 2020 | 0 replies
Example Inputs: "145 E Harmon Ave # 2511 Las Vegas, NV 89109" OR "134 NE Madison Cir N St.
Heath Lehey Question about security deposit and picky tenants
11 August 2020 | 14 replies
But the people who threaten to sue typically don't because they A) don't have the means and B) just use it as a threat.Treat people equitably and fairly (I always ask myself with most decisions -- if someone sent this e-mail, made this phone call, took this action with ME, how would I approach it?)