If I'm understanding how the new tax laws affect RE investors, I'm surprised there's not more talk about this. It seems that unless you qualify as a "rental property" (currently or actively trying to rent), then no e...
Hello everyoneI am in the Boston area and first time Investment property buyer . Our offer was just accepted and getting ready to get inspection started.So we have formed a LLC with the state and i wanted to get some ...
I just recently bought my first flip house. All in after closing cost I'm at $75,000. I'll have $20,000 in rehab and the ARV is about $130,000. Based on expressed interest I don't think I'll have any problems getting ...
Hi all,Thank you all for the contribution. How do I have the conversation with the seller about carrying a 1st or 2nd mortgage? I want to put it in laymen’s terms.1st - Would you consider being the bank? I’d make a do...
I have been talking with a Broker about a property I am looking at. She told me that since the appraisal value of the property may have been too high, taht I may be able to protest the property taxes and get a somewh...
Hi,I'm working on the financials section of my BP. How do you calculate and include depreciation on the income statements?If I use a depreciation calculator and calculate an annualized deprecation amount of $3k, shou...
Hey BiggerPocket Members, I need some advice and direction. I'm very new to real estate and only have one deal under my belt. I have recently purchased a shopping plaza back in November, and I’m trying to get all my t...
When will we see the effects on real estate prices from the Feds cutting the interest rate?
Are you seeing it now?
Will we see it 3 months from now? 6 months from now?
I'm sure it won't be close to 2007-2010 (when...
I haven't noticed any services that handle appealing property tax assessments in the Bay Area here. I have seen it for San Antonio, TX. Such service would on your behalf appeal the property tax assessment (each year, ...
Hello BP,I am looking at a deal in Illinois where it's an owner that has 3 commercial building with residential up top and commercial storefronts at the bottom of these buildings. I really would not be interested in ...