Kat N.
Deduct construction cost from personal income (for tax purpose)?
Hello Biggerpockets community, I am newbie in Real Estate. I just bought a house (in California) under my name using traditional bank loan (so no LLC or Corp). My thought process is that I will fix-up the house. If th...
Angel-Ty L.
Facebook's Recent News Feed Policy Changes, Could It Affect You?
First off, I'd like to state I am actually in favor of this change. With nearly 6 million advertisers on Fakebook's ad platform, the news feed has become full and as a result, it has now become a battleground for ad c...
Brandon Wiggins
Having 2 loans: home loan and flip house loan
What's easier? 1. Having a flip house loan and adding a personal home loan? 2. Or having a personal home loan and adding a flip house loan? I want to buy a personal home with my wife, but should I do that when I don't...
Michael Doll
Deduction of Repairs?
Hi everyone,I'm looking to make repairs and upgrades in my current duplex. I currently live in the unit that I want to repair (aka paint cabinets and install new flooring). Am I able to deduct any or all of these expe...
John West
Is it ethical to post a “fake” unit on Craigslist?
If you’ve ever listened to Jefferson Lilly, one of his recommendations during the due diligence period of purchasing a MHP is to post an ad on Craigslist. He suggests getting a response rate of two per week (if I reme...
Paul Sandhu
Does your competition sabotage your STRs?
I've got a few Craigslist ads. There is a new one every day. 2 of my ads got flagged for removal. Probably because of a semi nude person on a piece of wall art in the background of one of 24 photos in the ad. Someo...
John Thedford
Real Estate "Escort" Service......Is This Guy Nuts Or?
Perusing the CL Real Estate Services ads this morning I came across an ad for "REAL ESTATE ESCORT" services. What the heck is a real estate escort? I opened the ad to find two pictures...one of a man with an AR15 and ...
Maureen Santibañez
Collecting rent from tenants
How do y’all collect rent from tenants?Me and my family recently came across an ad that seem too good to be true. It was for a rental on Craigslist. 3bed 2.5 baths all bills paid except water with a security deposit o...
Charlie Moore
Gravel Driveway....... Recommend?
Tenants would like me to add a gravel parking spot for them on the side of the home. i think it would look nice but does that truly add any value to the property?- Cheapest driveway? Whats my options- Did you go with ...
Naush K.
Best Tax Strategy for converting personal property into a rental
Hi BPers,
I'm converting my current property into a rental and want to maximize my write offs/depreciation and minimize my capital gains when it comes to sell.
My house was purchased in 2012 for $265k. I've done aro...