Timothy W.
If you don't carry a gun
In a recent thread, I presented information for the real estate investor who chooses to legally carry a gun. Nonlethal weapons were brought up as an alternative.
First of all nonlethal is a misnomer. Any "nonlethal...
Jeff Klein
Deductibility of depreciation: on which property is it based?
After a 1031 exchange, depreciation is tax deductible from the income generated by the replacement property. Is the depreciation amount based on the cost basis of the old property or the cost basis of the replacement ...
Carrie Hallensleben
First Success
Hello, My husband and I are new to the world of real estate although he has been involved in renovation projects for over ten years more as a hobby and as side jobs. We both are teachers in the Kansas City Area and my...
Joseph Fernandez
Mobile Home Park - Looking for Asset Based Lender
Hey Bigger Pockets Community!
I currently own a 22unit mobile home park in CA that I have made significant income and infrastructural improvements on. As a result I am thinking of taking a loan out based on the prope...
Michael Williams
Down payment for duplex?
An owner of of a duplex (Both sides 1 bed/1 bath) in Sacramento is willing to sell his property to me ($475,000) in the next two months. I have nothing right now for a down payment, I'd need about 20%-30% as a down pa...
Johnathan Simeroth
Bonus depreciation on a project split between 2 years
BP community,I'm looking for advice on how tax year timing affects my ability to take bonus depreciation and/or "expense" some of my capital improvements.I purchased a duplex that needed a lot of work in 2021. I start...
Chris Toedter
Waived Appraisals good or bad idea?
I am looking at a property to buy this is the break down. Original Listing Price : 700,000New Listing Price : 650,000Taxes : 11,500Insurance : 2300 Rental Income $7,600 Only thing is the SELLER knows it will appraise ...
Steve Cheslock
Can you wrap Seller Financing?
I am looking at a deal and curious if it is legal to wrap seller financing notes. Theoretical example:
1. I purchase a property using seller financing. Hypothetically $150K with $25K down and seller carries the $12...
Robert Tyler
Landlords permitted to carry a Firearm while on rental property?
Are there any legal issues with carrying a firearm while on your rental property just as an extra precaution in Florida?
Rico Castillo
Asking for suggestions on how to structure this deal
Hello everyone. I'm a long-time real estate agent. I did 1 seller financing for a client 4 years ago and have done 11 lease options, but they were all pretty easy.I have a buyer who needs a couple of years to work o...