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Hi, My name is Roger. I currently live in Los Angeles. I get to know bigger pockets and the real estate investing world last year.From that moment, I have been saving up. So far, I have saved about 50k and i want to b...
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I read somewhere that when you are remodeling a house to rent that some of the repairs actually can be written off in the year in which the remodel takes places and that it all doesn't have to be included in the cost ...
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Hey guys! My husband and I took out a loan from is annuity. The interest rate/payment is high. We know there will be a tax penalty if we decide to default on the loan and claim it as income. We are also in the process...
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I've read in multiple places that is possible to roll the closing costs into an FHA loan (but can more money). I emailed my lender to ask what that cost might be and I was informed that it's not possible. Well, these ...
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Why do our renovation expenses seem to be so much more expensive than investors I hear on BP podcasts or at conferences, etc.? I hear investors repeatedly quoting renovation expenses of value-add apartment renovation...
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How does one put together a breakdown of renovation expenses for a commercial bank loan application? Does anyone know a short and simple way to do this? I must be having a hard time seeing the forest through the trees...
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What software do you guys use to track rental income and renovation costs.
The options I can think of are Quicken or Quickbooks.
Any know the pros/cons of these or other software packages?
Thx
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Hi I have a couple of tax questions.I sold my primary residence last year, where I've both lived and rented out half the house for the last few years. Let's say my house depreciates by $10000 every year, but since I o...
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Hello, I am new to wholesaling and trying to get my first deal. I'm dealing with a probate seller who I found on trulia for sale by owner. We agreed upon a price and she then asked me to send over my contract. I se...
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Hi,
I am closing on a 4 family property right now and am looking at around 70k in renovation expenses. Due to the scale of this project I am looking to find the best 203k consultant to work with me on this. Anyone ...