Justin Fox
Capital Expenditure depreciated over life of property.
So say you've been depreciating a property for 10 years. Year 11 rolls around and you completely replace the roof. Does that just increase the remaining depreciable balance (basis) for 17.5 years? Or do you deprec...
Christopher Smith
Properties With Padlocks ?
Hello Bigger Pockets Family ,I just had a quick question regarding homes that are empty but have padlocks on them . I was curios if these properties are bank owned . I am a wholesaler and have no interest in bank owne...
Eric Mcginn
Fireplace in vacation rental
I have a 2 bedroom cabin in the mountains that has a great open living space with fireplace. the fireplace has a capped off natural gas line in it. I’ve been SRTing on Airbnb the last couple years. Never really any is...
David O
Southeast MI - Looking for deals
Looking for houses under $25K in southeastern michigan. Any house considered. Experienced with houses needing extensive rehab and I prefer that since they are cheaper. No properties in Detroit or Inkster. I prefer the...
Johnny Kula
Using equity from primary residence to put down payment on multi-family investment
My broker mentioned seeing I have cash to put down on an investment property, rather than using the cash, use the line of credit on the equity and put the savings in a "safe" investment fund or somewhere that I could ...
Chris Thigpen
Source for SAFE ACT state specific exemptions
Hi All,Im an investor in South Carolina and I'm interested in determining my state's specific exemptions (if any) to the SAFE ACT.I have tried googling every logical term I can think of (i.e. "safe act exemptions sout...
Scott Weaner
Dryer Plug Issue
I am trying to add a dryer in my new unit. The trouble is, we discovered that the plug for the dryer is not a standard dryer plug. It looks like either an oven plug or something similar. Is this something that I can e...
Jasen Bankson
STR Damage Insurance - Direct Bookings
Hey! I rent my home out for weekends about 5-7 times a year sometimes through AirBnb/VRBO, but some customers like to book direct and we can avoid fees and such of the third party. As such, I'm interested in a third ...
Samuel Mallery
Estimating Rental Property Expenses -- Baltimore Area
I am looking at purchasing a home in Baltimore -- Federal Hill Area (Open to other areas that would be good for commuters, if there are any suggestions)I was wondering if anyone who has experience in this market can h...
Michael Arnold
Detroit - Ecorse/River Rouge
Have you had recent success owning rental properties in these surrounding Detroit communities? I realize these towns have been through the economic gauntlet for many years. Would love to hear your experiences in these...