Zach Wagner
Do we have to file form 1065?
My boyfriend and I each bought a rental property this year (2022) under our personal names (1 under my name and 1 under his name). In an attempt to keep our business income and expenses separate, we started an LLC and...
Jake Adams
Business line of credit vs cash out refinance ?
I am working on my first BRRRR property. I have found a bank that has given me the option to either take out a business line of credit on 80 percent of the appraised value or refinance at 75% of the appraisal. The B...
Brigitte Burns
Recommendations for a remote lock system for vacation property
I recenty purchased a condo in a beach resort and we are wanting to rent it. I am wondering if there are any remote lock systems that do not require a internet connection? I found a site called Erental locks, but can...
Noah Jones
Newbie from Portland, OR
Hey folks!
Newbie/future investor here. I actually live in McMinnville, Oregon but I work as an
HVAC/R tech in Portland so I spend a lot of time on the road inadvertently driving for dollars. I've been to a couple RE...
Tim Kaminski
Attic Insulation methods in Florida?
Hello BP!Have a 1923 duplex in Tampa, Fl with no attic insulation but 2,000 sq ft of attic space. No big deal, but after learning that it will take around 80-90 bags of cellulose to achieve the minimum R-30 rating fo...
Stephen R.
Lose a tax deduction for donated property?
I'm looking to pick up a property that was donated to a charity. (Actually to be more specific it seems it was quitclaimed for $10) I'm being told that the charity will not agree to my offer price because they are con...
John Kwon
BRRR cashout questions (tax related)
So interest rates are tanking so I was about to refinance and take cashout from some properties.But, speaking with my accountant, I found out that interest on the refi will not be tax deductible because I am not plann...
Alexander Quan
Need advice on what route I should take, please!
Hi Bigger Pockets world, I'm not sure if anyone will read this however, here goes.
I have been following the BP podcasts and have listened to 17 episodes and so I joined the site.
My market is Southern California.
...
Dan Graney
Trapped Dishwasher
Recently bought a duplex and bought all new stainless appliances for the half I am going to rent out. Went to pull out the old dishwasher and realized that they installed the tile floor after the dishwasher was in pla...
Grant R.
Thoughts on Charging Application Fees
There are several methods of screening applications at scale and avoiding the time-wasters. One of them is charging an application fee. While this can serve to filter out some non-serious applicants, it can also pre...