So, I think I may have found a good first property to acquire. So far, I think it'd be the best deal to purchase it and rehab it. It's FSBO. A lawn sign lists the owners phone number with the asking price of $60,000. ...
Hi guys, I am interested in buy and hold properties and was wondering what happens if a house depreciates. What are the factors that would cause a house to depreciate? On that note, what should I do when my house depr...
Hello, I've been on the lookout for my first rental property in the los Angeles market. I may have found one in Tarzana which I put an offer down on but after reading a book called How An Economy Grows And Why It Cras...
Hello everyone, I am in the market for a new CPA to help me with setting up business structure and prepare for my tax return next year. I have talk to a couple of different companies but all of them left me feeling ov...
What do investors do when they have multiple properties? For example, 15 different properties for rentals. Do they just create 15 different LLCs? For fix and flip, that would be a separate LLC too? Any clarification w...
Trying to find our first tenants. We have found a couple that we like, however the husband has an eviction from an apartment in 2008. I have heard some say that if a person has ANY evictions they would not rent to the...
Does anyone do cost segregation for SFRs and rental properties? I’m trying to learn how to do this, especially since I’m in the 37% tax bracket. Any advice and direction is greatly appreciated! Thanks!
This is my first post and maybe not the most appropriate way to start participating in the Bigger Pockets community. However, I am a bit frustrated.
Just as a quick background, my paradigm shift occurred whe...
Ok, so I see so many topics about LLC's. If they're needed or not. I am on the fence whether these attorneys that post topics that say its a must in order to forward their own agenda or if they are actually providi...
Listen up BP. NY State is voting Monday(yes, May 3rd!) to extend the eviction moratorium until August 31st. Don't kid yourself- at the end of August, they'll find a reason to extend it to sometime between now and neve...