Account Closed
Taxing a flip as a rental by leasing the unit prior to sell?
At what point is it determined, in the eyes of the IRS, how to tax a flip? For example, if we buy a property with or without the intent of renting it out, and after rehab we place a tenant in the unit, can we sell it ...
Tyler D.
How is Chicago doing?
I'm planning to buy a fourplex for the long term (30+ years) and after researching a lot of places, found Chicago to be a potential candidate. I wanted to know from people who know the city how it's doing.
Chicago ...
Marcus Auerbach
6.8% Inflation - where is this going?
For the longest time people have predicting inflation, now we are at 6.8% in November after I thing 6.2% in October. The FED said this is going to be short term, but I have a feeling it's going to stay with us and lea...
Annette Hibbler
Are the rich the "greedy" ones?
I'm reading a book by Robert Kyosaki entitled, "Why A Students Work For C Students and B Students Work For the Government". I agree with most of his views of our public school system, the dangers of an entitlement so...
Omar Merced
Just bought a 18 unit for $12,581.36 in Ohio
Well sort of. I have to pay back taxes of $20k and about $1k in back water. And, yes it needs a full rehab but if I did my numbers right after all is said and done I'll be sitting pretty. I close this week so once I d...
Jeremy Jones
How can a "subject to" property be sold without paying off the Deed first?
Today I listened to (and very much enjoyed) Podcast #70 today which focused on buying properties "subject to".One aspect that I feel unclear about: How can a property be sold without satisfying the existing mortgage D...
Frank Germaine
Substance building up on Vinyl blinds within hours of putting them up
I recently was replacing vinyl blinds at a property and noticed within hours of putting them up, they seemed off colored and splotchy. Thinking it was just the specific blinds I bought, I returned them and purchased d...
Josh Pass
One rat found in house, what do I do?
I just rented my first rental home 3 days ago. They found a rat in the house and freaked out bad. What do I have to do as a landlord? Like legally? I obviously don't want a rat in there. The tenants are acting its th...
Jared Bryan
2nd Opinions on my First Property?
https://www.zillow.com/homedet...I am new to Bigger Pockets, started listening to the podcast 3 months ago, and I've learned a lot but I'm diving down this rabbit hole on my own. So, I thought I'd try soliciting the k...
Brandon Turner
What's Your Tenant Horror Story?
Years ago, I had a tenant who's toilet got plugged - but they continued to use it until it overflowed on a weekend and I was the only maintenance guy we had. It was the last toilet I ever worked on... and probably th...