Account Closed
Writing off expenses in tax return
Hello,I have a friend who bought his first duplex and did some bathroom reno. The reno job was done by my referral and the cost is very friendly - like under 5K in Boston. He claimed that he will file the renovation c...
Evelyn S. Echevarria
Hello Bigger Pockets Members
Hello BP Members,Hope you are all doing well. My name is Evelyn S. Echevarria and I live in a small town called Riverbank, CA. One of the charms of living in a small town is being near nature and having a close knit c...
Bart Libsock
Turn subdivision lots into BRRR or multi's
So I had the bright idea of subdividing 20 acres into 4 five acre lots, 4 years ago, thinking that after loans were paid off we would have some capital left to invest in rentals. Have sold one lot, deeply deeply disco...
John Vietmeyer
Expenses invoiced under $2500
Can a property improvement under $2500 be written off in the year it occurs, even if the expense happens before a renter is put into the property?In the old tax system, my understanding was that home repair expenses c...
Joseph Billow
Buy and hold cash flow
I'm not sure if there is "one" answer to my question. However I'm not sure how one should determine cash flow on a SFR or small multi family Buy and Hold. Specifically in regards to the term of the mortgage. Is it com...
Jennifer Cinquini
Ohio Investing or Best Rent Ratio Cities to Start -New Investors
Willing to move anywhere to start investing in Multiunit rentals? That's us!My husband and I are serious about starting BRRRR and researching now where to live. So serious we decided it is best to leave the beautiful ...
George Torres
Getting an auto loan to help repair my credit so I can invest
This might be a dumb idea, so forgive me. My credit is terrible but I make good money and I'm looking for a way to build credit fast. I was thinking of taking out an auto loan instead of paying for my car in cash for ...
Ben Kirchner
Anyone buying off auctions?
I'm curious to if anyone is buying off auctions. Whether be from the courthouse, or website platform. As my capital has built, this is something I've become more curious about. Can anyone speak on their experience ...
Alecia Loveless
Co-Applicant for Next Mortgage?
I’d like to include my spouse in my next deal. While she has little to contribute financially, I will be providing the financing, she has half interest in our primary residence that is worth about $250,000 and is inco...
Troy Blackmon
Advice on Note Portfolio
I have the opportunity to help a land developer achieve some liquidity. He is currently holding a portfolio of notes on land, zoned for SFR. The note values range from $20k to $200k, with LTVs from .5 to .9, 30 yr amo...