Hi all! I have had a Self Directed IRA for about 5 years that has just been rotting...zero interest and a 3 digit account maintenance fee deduction every year by the holder. I need to do something with this money! The...
An owner-occupied investment property is a multi-unit building where the investor resides in one of the units. I’ve worked with many owner-occupier investors and generally speaking, they are also first-time homebuyers...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $1,215,000
Cash invested: $367,500
Used an interest-only loan and put down 30% to acquire this 2-unit buildi...
Hello, I had a question about being seen as a real estate professional for tax purposes. If I'm "House Hacking" my primary residence does that count as hours towards my 750 per year?
I was wondering others opinions. I own 1 rental property and was wondering if I need to go the cpa route. I have been doin my own taxes through turbo tax but this will be my first year with a rental. I bought the turb...
Hey BP, I am in a bit of a bind trying to pencil out my second deal.I am trying to buy a new construction side by side duplex. both units are identical to one another however for whatever reason it is not a legal two ...
Good evening everyone, I am evaluating the possibility of buying a multifamily property in Scranton, at this moment it has 2 apartments that only need cosmetic repairs and it has a big 2nd floor unit that needs a full...
How are you doing bigger pockets family, my name is Ameir Gomes and I’m from providence RI. I’m a young 20 year old investor and I am fortunate to have wholesaled my way up to $25k. The reason for me making this post ...
Hi folks. Wife and bring in an annual combined salary of 600k (Net). I have been earning this salary for about a year and expect it to be the baseline for 5-7 years. (My spouse just landed her first gig and is project...
I know this may be a silly question for the experienced REI and CPA's; but is it possible to roll a 1031 exchange from a flip house to a rental property. I know that the investments from the 1031 exchange has to be of...