Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Blake Gansborg Book recommendations PLEASE!
24 May 2018 | 5 replies
Hey Blake, I'm a complete and total newbie, but a book that has helped take steps towards my own financial freedom and helped me decide to commit to it is Grant Cardone's 10X Rule.
Nicholas Lohr Exiting of a Partnership Question; Book Value or Market Value?
28 May 2018 | 7 replies
"The multiplier", meaning the 100 times I mentioned (which is often referred to as the 1% Rule) vary by which property we are talking about.
Matthew Rembish Is this considered Commercial?
31 May 2018 | 12 replies
To a lender, they will both be considered commercial (if the 4+2 are one deed) which will restrict you to commercial mortgages, and the limitations that come with them.From a depreciation standpoint they may both be considered residential depreciating over 27.5 years as opposed to 39.
Kate McClinton Looking for a Second Opinion from Tax Pros
24 May 2018 | 11 replies
The IRS has rules written about it as well which provide good examples.Unless I have an appraisal I almost always use the town/county assessment.
Sal M. Proper way to reject rental applications
23 May 2018 | 3 replies
Unless your area has a special rule, our property mgmt team accepted the first qualified applicant and notified the other applicants that they were not the ones chosen and told them that their application would be kept on file for future available units, or informed of why they did not qualify.
Alex Smith Seller unable to close escrow due to 2nd lien
25 May 2018 | 14 replies
I’ll try to get reimbursement for expenses since taking this down another road by going to court for specific performance and forcing the sale of the house would likely leave them in bankruptcy.first rule of law you dont Sue people who have no assets or equity  LOL
Victoria C. Selling My Multifamily Primary Residence in Washington Statea
25 May 2018 | 13 replies
That's the "if you've lived in it for two of the last five years you can exclude $250K (single) or $500K (married filing joint) from capital gains tax" rule
Mary Ann Casey Multiple Umbrella Policies?
5 June 2018 | 10 replies
@Mary Ann CaseyYou could put it all under 1 Umbrella Policy, but I think you would be violating the IRA rules with commingling your personal finances with your IRA...but I am no IRA expert.The maximum # of Umbrella policies would be 2.  1 covering all of the assets in the IRA Second going over your personal home and auto, along with all of the rentals.
Jason Moran Need a CPA to help with Self Directed IRA
24 May 2018 | 5 replies
Hi @Jason Moran, @Dmitriy Fomichenko may be able to help.A couple other items to keep in mind: these conversions typically take weeks and you should factor that into your contract and, if you haven't already done so, familiarize your self with the rules and impacts of using leverage in combination with your IRA.
Isaac Harsh New to Real Estate: How to Determine if the Area is Good
7 June 2018 | 10 replies
However, if you're torn between 2 great options with one being familiar and one not, the familiar one breaks the tie IMO.If you're looking to use the property as a short-term rental, the following locations rank as the 5 best places to buy in 2018 (according to a recent report): Panama City Beach, FloridaChicago, IllinoisNapa, CaliforniaTulsa, OklahomaMemphis, TennesseeYou'll also want to consider any additional costs that may be required to effectively run the rental depending on the location and condition the property is in when it's purchased; including home upgrades, management fees, taxes, insurance, and utilities.Before you get in too deep, though, you'll want to check in on the local policies, rules, and regulations to ensure all of your bases are covered.