Derrick R.
Newly married, wife's home with equity being sold...taxes?
As the title suggests, my wife owned a house with quite a bit of equity in it and we are in the process of selling. She lived in the residence since it was built a few years ago and just moved out when we were married...
Account Closed
Depreciation as expense when renting out
Hello,I am moving to new house and would like to rent out my current property. There are a lot of articles that "depreciation" helps to even profit from rental with expenses.Let's assume the property without land cost...
Arthur Schwartz
Is the cost of mortgage reinstatement tax deductible?
I may be reinstating a mortgage which fell into foreclosure, and using the property as rental real estate. Is the cost of reinstatement, tax deductible, on the basis that it is the cost of acquiring the investment pr...
Tim Flood
Borrowing Money to Buy Raw Land
I own a small company that buys and sells raw, vacant, rural land. For 4 years, we've bought and sold, exclusively for cash. We're scaling up our business and want to utilize OPM to help us scale. I had an informative...
Dan Krause
at what point is real estate loi used?
I found an absolute NNN property, listed by a major broker, and submitted the sale brochure to a legitimate commercial lender to whom i asked about bondable lease financing. I was able to obtain and send to the lender...
Melanie Demastrie
Our First Fix and Flip
Investment Info:
Single-family residence fix & flip investment in Hollywood.
Purchase price: $235,000
Cash invested: $68,000
Sale price: $400,000
3 bdrm, 2 bath with a florida room that we fi...
Ryan Shannon
Seller finance with 1031 exchange...possible?
Good morning biggerpockets family. Was about to get a deal under contract with 90% seller financing, then the seller's grandson jumped in saying they now plan to do a 1031 exchange. He is also telling me that you ca...
Jonathan Guerrero
How to get money to fix a house
I bought a house in new jersey for 38000. I need about 30,00 to fix it. Now im broke and i don't have money to make it habitable. What is a smart way to get money to fix it with out affecting my future investments?
Patnaree Conrad
Any advice for long term rental in Lehigh Valley as a newbie!!
Hi I am new in REI and looking for to invest in Lehigh Valley PA, I just got approved for a loan. And Looking for where to buy!! I tried to analyze deal as much I can. Love to connect with this area investor as well. ...
Susan Capeta
commission
Hi everyone. I am in Los Angeles, CA. I want to buy a house to flip with cash. I dont need an agent to find me the house, I can find it myself.1. I dont want to pay a buyers commission, can I find the house and submit...