Samantha Ferguson
1031 Exchange Crowdfunding?
11 November 2021 | 3 replies
I hear a lot about storage units, but I feel at some point individuals will think, how much "stuff" do they really need?
Tim Coppola
Section 8 pricing question
25 October 2021 | 14 replies
Section 8 recipients can pay the difference on rent, but it is up to the housing authority to approve the difference based on their declared income.
Mason Yost
Loans for House Hacking
20 October 2021 | 5 replies
Lots of investors find banks and lenders as necessary evils to acheive their individual goals, so if they make a suggestion about a lender, then the lender is usually a really good one.
Patrick Gilbert
New Indianapolis RE Investor
4 November 2021 | 9 replies
BP is a great resource - you can also connect to local individuals and deals through the Indianapolis Investor Groups on Facebook.Make sure to set your key word alerts here on BP so you can hone in on what you're interested in from the start - best of luck to you!!
Frank L.
Property Management made $1850 Mistake
27 October 2021 | 8 replies
Respond by returning the bill, along with a short and professional letter that says you did not authorize the work and that you already lined someone up to do the work for $300.
Wymeshia Rob
Multi -family house, real estate investing, first time.
25 October 2021 | 3 replies
If you have good credit but little savings there are programs to help individuals fund a down payment and/closing costs.
Joe DeLuca
HVAC Replacement from flooding
20 October 2021 | 3 replies
For tax years beginning after December 31, 2017, and before January 1, 2026, the personal casualty and theft losses of an individual are deductible only to the extent they are attributable to a federally declared disaster [IRC Sec. 165(h)(5)].
Jillian S.
Avoiding Capital Gains on Rentals
3 November 2021 | 7 replies
Any early nonqualified use will forever taint the property and some portion of the gain will be taxable (unless a step-up in basis occurs under IRC Sec. 1014 after the death of the taxpayer)When sec121 qualified property with non-qualified use is involved in 1031: (non-qualified period tacks on)Depreciation: In other words, where a taxpayer's residence is the relinquished property in a tax-free exchange, any gain attributable to depreciation deductions relating to the residence can be deferred until the taxpayer disposes of the replacement property received in the exchange.Gain: The Code Sec. 121 exclusion has to be applied to gain realized before applying the nonrecognition rule of Code Sec. 1031Illustration 1: A, an unmarried individual, buys a house for $210,000 that A uses as his principal residence from Year 1 to Year 5.
Anthony Ziccardi
Property management and rehab
20 October 2021 | 1 reply
Here is a platform (BiggerPockets) to definitely connect with those individuals – if they offer the services you are hopeful for.
Mike Allen
New to Real Estate, Looking for detailed advice
20 October 2021 | 3 replies
I AM asking for help from some individual in looking through the specifics of this deal, or someone who can point me toward a calculator of some sort that combines the househacking/STR combo that I am considering with this deal.*** I have been browsing these forums and binge-watching YouTube and BP Podcasts for the last ~4-6 weeks and my wife and I are both on board to try our hand at real estate investing.I believe I have found a deal that works for us, but would love the opportunity to talk through it with someone who knows what they are talking about before pulling the trigger, because it seems like it is a bit outside nearly all of the examples I have seen other people describe as their first deals.The property has a house on two and a half acres that also comes with three rental cabins (they are currently being used as short term rental units).