Chris Alfter
Renting a Condo without rehab
For my first real estate investment I have access to the funds that would allow me to put 20% down on 2 or 3 $200,000ish Condos.The Condo’s are in good condition and would not need any rehab.Is it smart, stupid, wise,...
Michael Nolan
BRRRR method question
In theory, can you BRRRR any property that needs small upgrades and isnt for sale at a discount price? For example, if you are looking to scale your portfolio with the BRRRR method but cant find deals that are discoun...
Julio Gonzalez
Real Estate Tax Deductions Part II
In part II of Real Estate Tax Deductions, I want to talk about the Passive vs. Non-Passive Rule. If your income is less than $150,000 per year, you are allowed to claim up to $25,000 in passive losses. Rental income f...
Michael Jones
Incoming Tenant Cancelling a Deposit to Hold??
I received a full holding deposit on one of my homes I manage last week on March 11. Move in and Lease are set to begin on April 10. I used the Bigger Pockets "Deposit to Hold" receipt, which clearly states the deposi...
Bill Henley
SD-IRA question: please review and comment on a proposed note
I have a self-directed IRA that I would like to use to invest in a third party's flip. In thinking about a promissory note that would avoid both a prohibited transaction problem and an Unrelated Business Income Tax ("...
Ramsey Howard
Georgia Tax Sales Question
Can someone with knowledge of how the laws governing Delinquent tax sales in Georgia explain to me how it works. I have been to several tax sales at the court house. I understand how the starting bid is for the back t...
Ali Zain
Any service/software/portal recommendation to send out alerts
Hey all,This is not specific to my area but the HOA where few of our units are was wondering of any service/portal where they can send out meetings/alerts/news about the community i.e. water line being shut off....etc...
Joshua Redmond
Refi/LLC
Looking to Refinance my current home.Questions:How do I put it in an LLC? I'm guessing during a Refi may be a good time to do this? Yes/No?Also I plan on making it a rental but I will be living in it another 2-3 month...
Pierre Mcgraw
sell my condo without out of pocket expenses
Hello EveryoneI have a condo on the far north side of chicago( East Rogers Park) it's falling apart but has character and I'm wondering if I can unload this property with the aid of an investor who might see this unit...
Dillon Dull
Write offs/expenses VS. Remaining profitable
So I have been thinking about this for some time. It seems like everyone tries to do everything in their power to increase their expenses and write-offs in order to not show any income to pay taxes on for their busine...