For bookkeeping/ tax purposes: if you replace an A/C unit and hot water heater does it get categorized as a capital expenses or repair cost? I have been researching to ensure I log it correctly in our bookkeeping soft...
I have heard a lot of good things about Larry Goins and his Ultimate Buying Selling machine. How does it compare to Eric Medemar's Real Estate Investing Course: Ultimate Wholesaling, which I purchased recently? Is one...
Hi All
Tax / IRS folks please give ADVICE. I have rental MH that has Poly B plumbing and is out of code (cant sell it as is wont finance) that caused some wood damage on the floor. Plan to keep but can I expense the...
I'm someone who likes to play it safe, so I want to make sure I'm covered properly and at the best price. This was prompted by my search for a lower rate on my auto-insurance (I have geico, so it's already pretty low...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $154,000
Single Family, BRRRR. Purchased with line of credit, currently under renovation to rent and refinance.
...
Hello AllI am looking at purchasing a rental in Milwaukee but the inspection report noted that the main water line coming in the home is a lead pipe.How concerned should I be about this?ThanksMichael
Hello,I am moving to Chicago in the coming month to take a job. I will be working on E Randolph St, Chicago, IL - 60601.I have never been to Chicago and have no idea what the housing market is like or what decent area...
My house has aluminum wiring (one breaker is copper, the rest aluminum), a federal pacific box, and a couple other electrical projects. Everything is working perfectly for now, but I want to initiate a solution. I'm...
Hi BiggerPockets community,I’m in the search of a new insurance policy for an Airbnb house hack.About the property:Located in Jacksonville FL Historic District-3/2 home that my girlfriend and I live as our primary res...
I recently deposited a large title company check at my friendly local credit union, proceeds from a recent sale. My model is BRRRR, so I will be hunting for another distressed asset to rehab, and that money will be t...