Hi everyone, I am new to Bigger Pockets and had a quick question. I was wondering if we use a personal loan to purchase a cheap foreclosure and use that to purchase the property as well as use it for the cost of repai...
My buddy and I are partnering on a single family property. I am providing the down payment ($10k) and he is using his credit. He will be living in the home for the first 2 years, so he will be paying the mortgage for ...
Some here may have read the Erentpayments blow up thread here.https://www.biggerpockets.com/forums/52/topics/499...I'm suggesting discussing a better / best rent processor be its own thread. Other threads here focuse...
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...
I got an email from a wholesaler regarding a property in an area in which I would very much like to buy. It is a duplex, and I have another duplex less than a quarter of a mile away, that is very clearly of the exact...
Hello, a lot has been written about the "STR Loophole". My situation is that my STR averages less than 7 days, I have material non-passive participation, so that I qualify for the "loophole". I do not provide substa...
Hello everyone, I have a question in what sort of activities that can qualify me as a real estate professional.
I have a few rental properties and my rental income is my only income. I only spend about 2-3 hours p...
How is the housing market in little elm, Denton co. Is it on the rise or slowing down, like Plano and Frisco area. I just purchase a new build and it’s been a few months I’m the only one on my block. I’m definitel...
My wife and I have been following Bigger Pockets for the last couple of years including a few podcasts. I’m writing because I need a sounding board. I’d been involved in REI a number of years ago and in the 2008/2009 ...
Hello BP.I wonder is it good idea to show huge depreciation = huge loss after cost segregation with 100% bonus depreciation.My CPA recommend not taking all deprecation because He/she not comfortable with all the pap...