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Results (8978)
Lindi Nguyen My first offer accepted on an SFH! Financial Modeling gut check?
13 February 2022 | 4 replies

Just got an offer accepted on my first investment property!! Anyone care to take a glance at my financial modeling - see if any errors jump out at you?https://docs.google.com/spread...

Jon Weaver Increasing rent. Owner occupied duplex
1 December 2021 | 4 replies

Hey BP,My wife and I recently bought our first investment property as a owner occupied duplex. We moved into one side and the tenants on the other sides lease is up Dec 31 2021. The current rent is about $400/mo lower...

Jack Taylor First-time homebuyer definition/early IRA withdrawal downpayment
11 August 2021 | 4 replies

I am looking to buy a home and may need some additional cash to complete the down payment. I have a simple IRA that I'm considering withdrawing from to complete the down payment and was hoping to fall under the "first...

Jim Robertson Should a property manager pay legal fees?
10 April 2019 | 4 replies

My property manager just lost an eviction. It's a long story but the short version is that they did not have a properly formatted Pay or Vacate notice. I now owe opposing counsel's legal fees of $1750. Should my prope...

Brandon Sturgill Financing Multiple Properties and Reserve Funds
16 August 2014 | 7 replies

Does anyone have experience with this...are the Fannie Mae reserve requirements simply cash in a savings account?

Mason Haley Tax Write-offs pre-ownership
11 January 2023 | 3 replies

Hello, I am currently in the process of finding a short term rental to purchase and wondering how to best take advantage of what I am doing from a tax implication. I am in a high tax bracket so the implications could ...

Brandon G. Double Closing Process
31 October 2014 | 5 replies

Can someone explain the different between a "dry" and a "wet" double closing. For those of you who do double closings, which version do you use mostly?

Account Closed Questions about LLC's/Umbrella coverage
26 March 2018 | 3 replies

I'm wondering if anyone could explain if I should opt to put each property into its own separate LLC or just get umbrella coverage for all of my rentals for maximum asset protection?Also, if said rentals are in an LLC...

Marco Fields Owner Occupied Duplex - Improvements/ Taxes
19 January 2021 | 1 reply

Thanks to motivation from listening to BiggerPockets popcasts, this year my fiancé and I finally paid off our auto, credit card, and student loan debt before deciding to purchase our first home. We decided to go the o...

J B. New Reporting Rule 1099-k for 2022
11 November 2021 | 4 replies

Today I received a message from Apartments.com requesting tax id information. Stated that starting in 2022 amounts more than $600.00 will be reported with 1099-k and failure to provide the tax id will suspend any futu...