Sri S.
Are Home Equity loans tax deductible if used to buy another investment property
Hi, I have an investment property A where I built a good amount of equity. I want to buy an investment property B using the equity built in property A. Is that legal to use for another property? How does the tax-ded...
Riley Yourdon
First investment property
Hello! I have a lot to learn, and I feel like I have come to the right place to learn them. I’m in the process of getting pre-approved to purchase a turnkey duplex. We have found one that seems to be a great deal, but...
David Ounanian
How to Do Due Diligence on Investment Properties
Ensuring that you do your homework before purchasing a property is extremely important for making an intelligent investment. Here's an easy guide:1. Check the location - is it in a desirable area? Are there vacant or ...
Jonathan Breines
Rookie Wholesaler Looking fo Help with First Deal
Hey Everyone,I sent out my first direct mail campaign last week and got a call from, what I think to be. a hot lead. Here is the situation...Owner is absentee and doesn't owe anything on the house, which I have verifi...
Alex Withorn
How do you decide on which lender to use?
I have made a list of many lenders. On paper, they are essentially the same with some minor differences in offerings. The question being: How do you decide which lender to use?Side question: How can you help ensure a ...
Craig Cerny
Tax and LLC/LLP structure
I'm looking to set an LLC and LLP structure. I am approaching my first investment and want to ensure I'm staged to keep rolling into next investment without shuffling business structure or tax problems. Any advice on ...
Ade Akingbade
First Time Landlord - Section 8
First-time Landlord is about to approve a section 8 tenant. Is the next step to fill out the Request for Tenancy Approval form, have the tenant confirm their agreement, and then send it to the Public Housing Authority...
Zak Cooper
Creating the ultimate Seller / Owner Financing Checklist
Hey BP peeps,
Newbie here, in discussions for my first Seller Financing deal!
Apologies in advance if there is a forum post similar to this, but I couldn't find one with a checklist-style format. As such, I am aski...
Brenda Hernandez
Looking for an affordable but good bookkeeper in my area
Good Evening and Happy New Year! I was wondering if anyone knows of a good bookkeeper that can help me get my 2023 books in order and maintain my 2024 books? I am in the state of MA but have properties in Ma, GA and S...
Lisa G.
What is the formula for calculating monthly cash flow to ensure that a potential buyer is getting a good deal for a buy and hold property?
Hi Bigger Pockets Community,I am a new investor and I have been working on coming up with a figure to present to a seller who is trying to sell their condo. I am wholesaling this deal. The seller gave me their desire...