Mario Ruscovici
Possible purchase of a property in a flood prone area
I am about two weeks away from possibly closing on a duplex in a flood prone area on the south east Atlantic coast. The price is reasonable and meets the 1% rule. I have three issues on which I would welcome any fee...
Account Closed
Have equity with 2 houses, don't know where to start
Hey there guys,
I have been a working in the software sector and saving up for the last 11 years since college and have bought 2 houses so far but have not rented them out. What caused me to buy 2 houses is that I b...
Brandon Graham
Hard money loan under $50k
Hey everybody, I have found a great deal in my hometown of Columbia SC. It's a duplex that's listed for 50k. The sellers are motivated to sell. The property already has two tenants which yeilds $1170 per month. So the...
Cory Anderson
DSCR Loans??? does anyone know about this product ?
HI BiggerPockets family,
I have a question, I was watching this video about DSCR loans I am very interested in this product. I own a business and am looking to buy some real estate. does anyone know any lenders th...
Account Closed
Seasoned Real Estate CPA Expert Answering all Questions on Investing Tax Strategy
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
Account Closed
How we benefit from Wholesalers
I have yet to do any business with any wholesaler, wholesalers, wholesaling because I usually had purchase my deals from auctions or RE agents.
My question: when a wholesaler brings a deal to an investors, do those d...
Brian Schmelzlen
2018 Tax Law Impact on 1031 Exchanges/Cost Segregation
The new tax law made it so that the gain on the sale of personal property can no longer be deferred through a 1031 exchange (1031s can now only be used for real property).Likewise, the new tax law made cost segregatio...
Arpit Guglani
3 homes in Knoxville or 1 in the bay area?
Hello,
this forum has been an amazing fountain of information. I am a real estate newbie and have just purchased my first home to live in, here in Knoxville. I was wondering if you folk had advice on this situation:
...
Simon Daniels
Engineered Vinyl Plank vs LVP
Long time lurker first time poster...I've started noticing more and more varieties of a flooring product as of late called Engineered Vinyl Plank. It seems to differ from your standard Luxury Vinyl Plank in that it h...
Mark Forest
Qualified Business Income
This is what I get for not doing my taxes earlier. I use Turbo Tax and the program just asked me if my SFH properties are Qualified Business Income or not. The help post at Turbo Tax seem to say no, while the CPA who...