Eli Comay
Is IRS Form 4797 Necessary On Sale of An Investor's Only Rental?
I am an investor in a single rental property which I just sold. I'll file IRS Form 8949 and Schedule D (with unrecaptured depreciation on line 19). Is Form 4797 also required even though real estate is not my trad...
Chun Chan
Landlord's responsibilities to tenant
Hi all, new to biggerpockets. I have a question for all the landlords out there. We recently purchased a home and we rented out. We screened the tenant and he seems fine and all. However, after he moved in, he's as...
Vlad K.
Taxes for Out of State Rental
I live in California and have a rental out in Ohio. Both this year and last the property has created a tax loss. Last year I payed an accountant to do my taxes but this year I decided to do them myself. The accountan...
Tyreek King-El
Outrageous Utility Bill in House Hack
What's up team. So I'm hacking my second home, and my first water bill came at $611. My toilet in one of my tenants' rooms was running for about half of the month. I was able to call the water company and get half of ...
John B.
Multi Unit investing in Philadelphia
Was looking at properties in the Philadelphia area and was wondering how easy or hard it is to get a variance to change a single family to a duplex or triplex?
Sean Rafferty
Save cash or max Roth IRA out first?
What would you do if:1. Just getting started in REI2. Don't have a huge cash reserve (<$10K)3. I don't currently have an IRA nor do I have any 401(k) funds I'm currently able to roll overVote simply "Cash" or "IRA"...
Ahsan Faheem
Powerline over Detached garage.. ADU conversion problem ?
Working on converting detached garage into 2 story ADU. There is a power line on top of the detached garage. see below picture. the highest wire is the power one. the 2 wires below it are telephone & cable.
Grey...
Grant Francke
Inherited tenant welcome letter.
Anyone have a nice welcoming letter to mail to an inherited tenant? Looking for something that we can customize for each situation. I've looked around and can't find much of what I'm looking for.Thanks!
Shawn Mcenteer
Preventing noise between 1st floor unit and 2nd floor unit
I live in duplex MFR, units are on top of each other. Floors are very old, 3" wide fir installed directly to floor joists. I specializes in wood flooring so installing, sanding etc would be done by myself. I want to...
Dakota Mivshek
HELP! Why would a buyer put a house under contract to then only ghost?
Hi all. Currently in a situation that I can't make heads or tails of. Would love any advice. So, essentially I had a listing here in Miami that was quite stale and on the market for a while. This strange company calle...