Dan Graney
A dual purpose first purchase, aka house hacking.
I have been renting for many years and from what I have been learning on BP it sounds like buying a multi family property and living in it is a great way to get started in real estate investing and find a new place t...
Austin Hurwitz
Managing Business Income & Expenses for Tax Purposes
Hi All,I'm looking to separate my rental income and expenses into a separate bank account and credit card. This is to make it easier for me to track everything for tax purposes. Does anyone have recommendations on bes...
Siddardh Kodali
Things to know to buy residential purpose land
Anyone shed some light on the process to purchase a home lot(less than 1 acre). Looking for inputs on 1. Generally the seller provides Survey?. What are the details we can get from the survey?.2. How to know if a lan...
Adam Aust
What counts as rental income for tax purposes
I’m preparing to buy my first rental property soon. My question is about the taxable portion of the rental income, specifically, money that is set aside for repairs, vacancy and capX. Is that money considered as incom...
Jack Calhoun
Our first 4 Plex and Purposeful Rental Property
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Phoenix.
Purchase price: $290,000
Cash invested: $75,000
A mix of a 3/2 and 3 2/1's
What made you interested in i...
Joseph Mallon
Letter of purpose of funds/cash-out refinance
Hello, I am in the middle is a cash-out refinance 80/20 LTV for a jumbo loan. My lender is asking for a letter describing the reasons for the cash-out refinance and what I plan to do with the money.
My plan is to i...
Adam Diaz
HELP! Special Purpose 'mini mobile home park' valuation.
Hello Bigger Pockets Community!Been creeping in the shadows for a while.. Guess it's time to show my face! So, if this goes well, this will be my FIRST true investment property. I have an opportunity to acquire a 4/2 ...
Kelly Klein
FSBO buying home for myself not investing purposes
Hello everyone, I am currently looking at a property in Philadelphia which is FSBO. I do not have any experience with FSBO’s. We have met with the guy at the showing of the property and we got along very well we have ...
Belinda Lopez
Buying an established LLC for good credit purposes?
I recently saw an ad for a funding program whereby you buy established LLC with good credit histories and then are qualified for funding within a few months. This sounds like a great idea - anyone done this or hav...
Nimesh Patel
Active Participation for Tax Purposes on H1b visa
I am on H1B visa, I am making less than $100,000 AGI and I can only invest passively. so, Can I be treated as actively participating for tax purpose and get $25,000 allowance against my non-passive income if I hire p...