I am working on my first flip :-). I am trying to find out if I need a closet in a bedroom to call it a bedroom for mls listing or if there would be FHA or other lending or appraisal obstacles. I am buying a 3/2.5 ...

I am a real estate investor in Grand Rapids, MI and Anna Maria Island FL, and I am looking into purchasing a small airplane for both personal and business use. I currently have an LLC that holds 5 properties in MI and...

Hello - I need some clarification. In the state of South Carolina, I understand that there is a hefty tax on out of state owners for second homes. My question is this: If you are a resident of South Carolina, is there...

Hello, I am trying to confirm how the IRS requires me to calculate the cost basis of an owner-occupied duplex for calculating my capital gains. I think I know the answer, but I am also hoping I am wrong because it doe...

My husband's W-2 income is projected to be more then 150k. I've heard that it's not possible to take passive loss in that case. I am not employed currently and heard I can qualify as RE professional if certain amount...

Hello, 
I wanted to give back to the bigger pockets community and share the step-by-step process I followed to purchase an off-market, no-money-down deal. 
Step 1: Locating off-market properties. 
On my commute to ...

I bought my first duplex a year ago. I knew that diving in and buying my first investment property would be risky and I would have a lot to learn. Unfortunately, I picked a property that needs some big maintenance ite...

I am working with a turnkey provider and found a single family house (3 bed 2 bath) in Hueytown with numbers that makes sense.  The house is bit dated; it appears to me that the turnkey provider bought at 100K, made m...

Hello, I am in the process of analyzing a very strong deal, i am not working with an agent, but the house is listed on the MLS. I asked the sellers agent if he could get me the comps on the property since I don't have...

Hello,
I am seeking assistance with an off-market real estate deal in Columbus, OH. The seller is offering four single-family homes, one triplex, and one quadplex for sale. As a first-time buyer, I am finding this pr...