Sasa Scherzer
Anticipated Monthly Rent is Less than Estimated Expenses, still Rent???!!!
28 October 2024 | 2 replies
We are now considering house hacking by buying a neighbor’s house due to our kids' school proximity.Our monthly expenses for our current home are $3,000, and the estimated rental value is $2,300-$2,350.
Ashley Anderson
Second Mortgage versus HELOC
28 October 2024 | 6 replies
I might use it to buy a property that I fix up and refinance out of to pay off the HELOC.
Melanie Baldridge
If you want to be a real estate pro, you need to understand the TERMS:
9 October 2024 | 1 reply
It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.
Alton Swann
Looking for ideas on how to structure 6mm debt
28 October 2024 | 2 replies
The location is prime—adjacent to a college that has experienced 37% population growth over the past five years.
Jessica Lamont
Are buyers buying in Tampa, FL right now?
28 October 2024 | 2 replies
I have a great opportunity for a fix and flip in Tampa but I’ve never bought out there and a little worried about the sellers market with the devastation right now.
Emily Harrell
New to EVERYTHING
28 October 2024 | 3 replies
Saving, buying, and investing are pretty difficult on a teacher's salary, so I'm hoping to learn from the wealth of knowledge here.
Mei Zhu
what software do you use as a landlord if any
28 October 2024 | 4 replies
Wondering if you have any particular online companies you recommend that checks evictions, credit reports, collects rents, provides a lease, etc... all in one place. what are some of the pros and cons you have experienced with each company. thanks
Michael Tesar
Hello BiggerPockets! New PRO here
28 October 2024 | 5 replies
The design & architecture firm I work for is HQed in Sarasota.
Rajath Vanakudare
New to REI and want to get started
28 October 2024 | 3 replies
I'm interested in exploring cash flow rentals, BRRRR, fix and flips, and new construction projects.As a newbie, I'm eager to learn and would love the opportunity to connect with experienced investors.
Teema Marshall
Here to gain more insight and build a portfolio
28 October 2024 | 3 replies
I'm new to the investing business.