Crysta Webb
Curious peoples thoughts on Detroit, MI for an IP?
Curious peoples thoughts on Detroit, MI as an out of state investment property for long term SFR?
Beth Barrow
New to BP and Real Estate
Hello all!
I wanted to introduce myself, ask for advice, and try to network a bit in order to gather some direction in regards to becoming a real estate investor, specifically buying and flipping properties.
M...
Matthew Heffernan
Indiana, first rental property up/down
Hey all! I’ve finally pulled the trigger and now a few weeks from closing on a 2 unit in my “back yard”.While I’ve read about many tax / write off advantages to investment properties, I wasn’t planning on getting an ...
Noah P Bonds
What happens to income from non-conforming units?
Property is zoned duplex, but has an additional mother in-law situation that is rented. So three tenants with three leases, but only zoned for a duplex. Very unlikely the city will care. Is there any creative way the ...
John Roberts
Looking for advice for best loan
Hi,I have a small SFR (1/1) that I purchased for $14K cash. It was a total gut job (rewired everything, all new plumbing, new walls, etc). We now have roughly $55K in it (including purchase). We have only owned it ...
Anthony Liguori
How many times can you house hack in the same area?
How many times can you house hack in the same city? My mortgage broker advised that i would have to keep getting a bigger house so it can "make sense" to the underwriters or bank .. whats everyone's experience house ...
Junior Jaquet Hernandez
How to invest long distance in the Dominican Republic:
As Brandon Turner says in the bigger pocket YouTube channel the long-distance investment is not as hard as you think the question is how to invest in real estate long distance when you live overseas.Let's make it simp...
Account Closed
Real Estate Rental Income as written by Kislay Shah CPA
Real Estate rental income is earned when a real estate is leased for rental income generation. Rental income generally is treated as unearned or passive income for income tax purposes. Rental income is reported on Sch...
Eric Thomson
How to report sale of rental property I lived in 2 of previous 5 years in TurboTax
I am filing my taxes using TurboTax Home & Business and I'm filing later than normal specifically because of this issue that the TurboTax hotline has been unable to help with. This is probably the last year I try ...
Rick Bassett
Arms length transaction question
I am setting up a LLC for property management. The LLC will manage my properties, which are single member LLC's as well as well as properties for other owners.
My plan is to have my property management LLC collect a ...