Richard Harbison
Helping My Teenager Start Business
First of all, I turned to the Bigger Pockets community because of the incredible entrepreneurial spirit I have found listening to the podcasts. My son is starting a real estate photography business using a 360-degree...
Eddy Jerez
Depreciation of a Rehab - No depreciation on added value?
I was doing my 2019 taxes, and my accountant says that the added value of my condo investment cannot be depreciated. Say What? I bought November 2018 for $215k and rehabbed. Been renting very well for short term occ...
Kim N.
New Jersey Real Estate Question
Hi
I'm currently in Real Estate school to get my License, i wanted to know can i whole sale and be a real estate agent in new jersey?
my goal is to buy and flip but since I don't have the capital to start i was tol...
Pixel Rogue
Next Steps - Exit Strategy for Investment Properties
Hello everyone,
Have a number of investment properties and planning to scale down within the next 5 years. All goes well, that will leave a substantial cash sum after all was said-and-done. What are some the best inv...
Wendy Vaidic
Tax Consequences of Partnership
Hello.
We are working on a joint venture with a homeowner to flip his home in Florida.
As part of the agreement, he would receive a set amount for his home along with a monthly holding fee until it is sold to the ...
Camden Orologio
Certificate of Occupancy Issue. Help!
Hello everyone, hope all is well. I am currently selling a home for a client and have ran into an issue. With COVID delaying many normal processes the procedure of getting a FOIL has been greatly delayed in NY. The ho...
KENDRA J.
homestead exclusion, recapture rental house
We own a home that we've rented out for the last 13 years. This house had previously been our primary residence.We are thinking of moving back into this house for 3 years to save taxes. The house was purchased for $28...
Denny Le
City planner said I can't build on my land, what to do?
Hi BP!I went to the city front desk and asked the planners to check my property to see if I could build anything behind my property since there is 19,500 sqft lot total on my land. I received an email saying that the...
Jacob Fitzgerald
Two for one homes twice the head ache
I have an opportunity to buy 2 homes for the live of ONE!! Woohoo... heres the catch Home A: $50/60k purchase $50k repairs ARV:$135k Rent $1250 ( this home is owner financed to a guy who’s always late and behind on ta...
Tim Roberts
Selling Home to get cash out. Rent and buy investment or flip?
Hello! This is my first post on the site. I am just starting to get my feet wet in the RE investing business. I do come from a banking background so I understand the financial side. My question is this, I am getting r...