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So, I watched a Bigger Pockets video with Chris Heeren where he mentioned submitting a 30% below listing price offer with a walk-through contingency in it with the hopes that the seller would then counter offer and gi...
Hi all,
Three tax questions hoping folks might have experience with 1. If we are selling a rental property that we lived in for the first three years, moved out, and then rented for the subsequent three years and we...
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We purchased a foreclosure last year and have been working on it (remodeling) since then. We are finally tired of working every weekend so we've found a buyer who will purchase as is (not completed).
of course, in las...
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Hi, for Rental investing criteria - what is a minimum "lot size" you typically want per family (say if I want to invest in a 2-family so I would take a total lot size in sq.ft and divide by 2 just to get a comparison ...
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See below photo. August is looking to be our best month. We definitely noticed a slump vs last year earlier in spring and each month since it has been picking back up. This is a 2/1 in Avondale that is nicely rehabbed...
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Hello all,I wanted to ask the BP community for best practices when buying out a business partner. We've held the investment for a little over two years, and if possible, my business partner would like to be bought out...
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I am interested in flipping houses. I found a house, ironically, in my own neighborhood. The house needs a lot of repairs but it has great potential. My question is if you were buying a house for the first time to fix...
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How do you get the renovation cost out of the sales deal ?
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How is my depreciation figured on both new and existing properties?
More specifically,...
Is "New Construction" depreciation based on gross receipts, permits,...?
How are "Existing Structures & Landscaping" depr...
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When filling out a personal income statement, it asks for "net rental income"; should I just use the 50% rule and figure half the gross rent-PITI? What will give the most accurate financial picture?