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29 June 2020 | 0 replies
(My first BP post)Does anyone know if the conduit in the sidewalk between a transformer and the buiIding is Landlord's responsibility or PG&E?
2 July 2020 | 10 replies
Since it's a pass through entity the rent money will add to your taxable income on your sch E unless you operate at a loss.
1 July 2020 | 6 replies
You would still report the property in your 1040 schedule E.
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30 June 2020 | 7 replies
Hi BiggerPockets Family,After watching Paul Moore's live YouTube post yesterday he had mentioned to someone, thst they should wait to make their first move during this time of uncertainty, and learn during this time instead.Well I've been listening to many audbile bigger pockets books while at work and home, and the books are the ones that are the podcasts hosts favorites i.e The E-Myth, The Book On Flipping House's etc.
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20 June 2020 | 6 replies
Think E*Trade or Fidelity with different paperwork.
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24 June 2020 | 2 replies
Pros:-You have funds lined out-It forces you to have a plan and stick to itCons:-funds are released in stages-the communication piece in this can be daunting for a newbie with the back and forth between issuing bank, contractors, and your own family throughout the projected timeline and ensuring monies get to everyone at right times.I’d say, the juice is worth the squeeze, but just know it’s gonna be a pressure cooker in experience and growth that you probably weren’t bargaining for.
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19 June 2020 | 3 replies
Just reading into the COVID w/d available for 401ks out there. 100% of my funds are locked in my employer's 401k plan and I am considering taking a distribution and then immediately make a contribution to a Self-Directed IRA to invest a portion of the funds in R/E.
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19 June 2020 | 0 replies
Property Address 588 Lawson Ave E, STP 55130 MLS# 5610704 Number of Units (Duplex, Triplex, 4plex) 2 Crime Rating (Low/Medium/High) Medium Property Listing Price $ 249,900.00 Rehab Needed?
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5 August 2020 | 7 replies
Think E*Trade or Fidelity with different paperwork.
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25 June 2020 | 2 replies
Purchase price: $74,000 Cash invested: $26,000 Sale price: $139,900 E Elm had some pretty severe water damage from a neglected water heater and roof.