Hey BP!I finished reading Your Money or Your Life a couple months back. Of all the concepts in that book the one that really got me was "enough". As I've been diving more into REI, the one question I've put in the dri...

So I accepted and signed a proposal from a contractor to lay plywood, new baseboards and install floating floors with provision that we would demo the existing floor which was slate and pergo.
Where the slate was pl...

I've got a buyer wanting to find some vacant lots in my area to build on.  I'm planning to treat this like a wholesale transaction so that I get paid a finders fee.  In valuing the vacant lot, do I use comps the same ...

I purchased a home in September 2003. I lived in this home until May 2015, which from this point forward, the home was converted to a rental/service property. 2015 will be my first year filing taxes with having this r...

Hello
What is the best BRRR tax strategy? What is allowed?

I purchased a 4 unit apartment building for $140K, I paid $14K to the whole seller, and rehab cost was $34K. Then I refinanced $180K.

Can I depreciate $1...

I bought a SFR in 2014. I depreciated it, but in doing my taxes this year with different software, I realized I made a mistake. I didn't subtract the land value out of my purchase price for my basis. I also started de...

Would you keep all of a deposit based on damaged linoleum? It will cost the deposit to get it replaced.It might sound like a silly question, but are there damages you just let go?There is also a missing smoke detecto...

Let’s say the roof on your rental property gets damaged from a storm and you claim a casualty loss. At the end of the year, you have a net operating loss after depreciation and operating expenses. Can the causality lo...

I currently own a 3 bdr 1.5 bath home in the suburbs. It's close to all the major things within our city and is in a safe neighborhood. It was built in 1980 but over the last 5 years I've replaced everything (roof, fu...

Hi everyone, I am new to Bigger Pockets and had a quick question. I was wondering if we use a personal loan to purchase a cheap foreclosure and use that to purchase the property as well as use it for the cost of repai...