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Results (10000)
William Petrisko Property damaged by fire, are unused insurance proceeds taxable? Tax implications for keeping vs. selling property?
4 June 2018 | 4 replies

I have a fourplex that was damaged by fire, thankfully no one was hurt.

For ease of the example, let's assume the following numbers:

Property was purchased for $150k. Insurance check I will get is $80k.

...

Shawn Campbell Attention Indiana and Florida Investors another Newbie
15 December 2016 | 10 replies

Well, not my first post, but my second.  Used my first to provide feedback to someone else.  Little bit of an introduction.  I grew up on the south side of Indianapolis, lived in Orlando, New Haven, CT and now am livi...

Jeremy Hale Are there any quick and dirty rules for assessing rental properties?
15 August 2014 | 2 replies

I'm currently looking into buying my first duplex/triplex to try my hand in rental properties. I'm being overly cautious at this point as I don't want to walk into a nightmare of an experience. This is the first home ...

Phineas Howie Claiming Depreciation for Tax porposes.
4 September 2017 | 8 replies

Somewhat confused here, how can a property appreciate,  yet one can claim depreciation for tax purposes. I heard Depreciation is a bigger factor for higher end property just how big is factor would it be for say a 350...

Rick C. Liability Question
16 October 2013 | 3 replies

Hello,

I am trying to determine the feasibility of putting my existing and future properties in an LLC. All of my loans are and will be conventional, and I have no desire to go to commercial route due to higher costs...

Joe B. Townhome vs SFH for first time. Pros and cons
23 June 2017 | 3 replies

Hey allIm sure this question is asked 100 times a day, but it would give me a peace of mind if my specific question was answered. As I continue to save for another few months I am heavily looking into purchasing eithe...

Sam Giberti To Donate Now or to Donate Later
1 August 2019 | 8 replies

Hey BP, its been a minute. Anyway long day so I’ll keep this post brief. Just wanted to hear some opinions from older, wiser people.Donating... often times myself and many of you are asked to donate to a good cause th...

Erik Nordgaard How can a rookie handle a pending economic crisis?
19 August 2018 | 1 reply

Biggerpockets,      What should a rookie do to prepare for and profit from the coming economic crisis? Should we continue trying to acquire properties or look to put our money elsewhere? Maybe a rookie should stick to...

Account Closed First self managed property
18 January 2019 | 3 replies

Hey, previously I’ve had a property managers or all my single family homes, but I’m converting my first to self managed, and this property is out of town. My question is once I advertise this, should I require prescre...

Sophia Maler Studio in SF bay area - keep or toss?
14 June 2017 | 4 replies

I'm a trustee of an SNT trust. The beneficiary is asking me to sell their current home (they live in it) and buy  them a better place. The problem is that both properties would be in SF Bay Area, so I will have to fin...