I have a tax question regarding the mortgage interest tax deduction on investment properties.Here's the scenario:1. Currently have a large HELOC on my primary residence (House A)2. Use the HELOC to make a large down p...
My neighbor passed away unexpectedly. He was a lovely man, but a real slob, and I am trying to buy his house from his next of kin, a brother & sister who are not as eager to sell as we had hoped. The place needs a...
So I have been around BP for about a month now. Every day I learn something new, but I don't get to post a lot because I usually look at the site on my Android device. Unfortunately, it doesn't work so well with BP fo...
I have a full time job as a waiter and have not invested in real estate yet. I will soon become a manager of a new restaurant owned by my boss. He gave me the option to say that I'm getting less money so at the end of...
My husband and I are looking to move to a place closer to our kids who live in Los Angeles. We do not want to move to California because life is too expensive over there. We presently live in Florida and own 7 doors o...
I recently picked up a property in a tax foreclosure in Cuyahoga County in Ohio. There are good tenants in the building that pay monthly and they were paying to a property management company that was still collecting...
I am currently residing in Lincoln Nebraska on a visitor visa. I have spotted some great deals but having trouble with financing. Although I am trying to go for seller financing with some of the deals, I would like to...
Hi I am hoping to purchase my first rental property and have already set up an LLC for all of the tax benefits that it brings.I was hoping to get a mortgage to own the property in Charlotte NC under my LLC's name with...
Hello Bigger Pockets Community,I am about to close on my 1st real deal- I'll call it an office hack. I live in the Bay Area and work as a psychotherapist. My partner and I are saving money to purchase our first proper...
So I am looking to get my start in real estate investing by flipping houses. At first I plan on using a hard money lender to finance my purchase and rehab costs. Would it be a good idea to start an llc to do the deals...