Franka Hauck
Put the rental into a LLC?
Hi. I am hoping somebody can give me a little bit advise. When our permanent residence was build we made sure part of it was set it up to be finished as a mother in law/ duplex. That part of the house is getting close...
Rashad A.
Texas Real Estate Exam
Hi,Passed national portion of real estate exam on Monday. Now, need to prepare and retake test for state portion. Wondering if there is any literature thats state specific so I don't have to go through entire material...
David Baker
Tax implications of a single flip
Hi all, I have read several posts on first flips and taxes but have yet to find the answer. So here goes! My wife and are both employed and in a higher tax bracket. So if I flip a house this year and profit $25k a...
Kyle Roberts
Banking and Accounting for Single Family Home House Hack
Hi Everyone!I recently purchased my first property, a single-family home in Richmond, VA and am planning to house hack. I'm trying to figure out how to set up the banking for managing the property. I've heard it's bes...
Alex Nelson
Who Pays the Landlord for Section 8 Tenants
Hi BP,I'm in the process of renovating my first investment property. It is a duplex in Arlington TX that i am currently living in and have almost finished with renovations on the second unit. I am considering rentin...
R.F. Mros
Rookie Investor Looking To Start New Journey
Hello All!
My name is Rob and I'm new to real estate and to investing. Bigger Pockets community was recommended to me by a local investor that I've done handyman work for. I'm currently in the crawl phase for those ...
Scott C.
Tax treatment when co-signing for a loan and also renting rooms?
My daughter is starting a 5 year graduate school program for which she will be paid a decent amount as a graduate research assistant. I am considering helping her buy a house (we will both be on the loan and title) i...
Shelby Pracht
Tax Deductions for House Hacking?
We rent out a portion of our primary residence on a nightly basis. Does that enable us to claim our own utilities, insurance, HOA dues and other expenses on our taxes? Or a portion of them?
Zachary Cuneo
Capital Gains on Live-In Duplex
Hey everyone,So I can't seem to get a straight answer on this, so I hope knowledge here will help to answer this question. I owned a Duplex from May 2015 until December 2017. I moved in on July 15, 2015, for a total o...
Garry Martin
Section 8 rent question
I have a section 8 resident who is starting to fall behind on her rent. I am getting ready to start eviction, but before I do, does anyone know if accepting the rent from section 8 is the same as accepting a partical...