The laws haven't changed since 1997- and your personal home 'tax exemption' may be over the limits, due to years of appreciation in the real estate market. I found this excellent article this morning- folks in high-ap...
Looking at doing my first partnership with another investor so very new at this. We’re looking at doing a 50/50 equity and rev split. Do we technically have to have both names on the title in order to share the equity...
Hey guys. I finally picked up my first flip after 5 months of trying. I used a conventional loan so the house is in my name. I opened a LLC for my tax write offs and I'm looking at a 20k rehab.
My question is how can...
I've read posts about the "worst house on the block" in a good neighborhood, is that what most of you would consider ideal? Granted all of the other factors worked out. What are some of the benefits of this situation....
I have a rental property that is doing well. Now I would like to replace the whole roof of the house. There are a few areas that need immediate attention and instead of doing patch jobs, I'd rather take care of the wh...
Hello,I am selling a property, that is a either a tear down or 100% renovation in a high end neighborhood. Here are the general stats: - Land Value: $1.3M - Property value: $250k - SQ Footage: 3500 - General price per...
Hey BiggerPockets hive mind, my name is Ryan and my wife and I just purchased our first investment property. It is a 4-unit in Columbus we purchased for 350k, 30yr term, 2.25%interest, cash flows a grand. One unit had...
We recently closed on our first rental property and I'm trying to keep everything organized for our tax professional next January. Which of the following can be written off? 1. Pre-purchase - Home inspection and app...
FINALLY closed on the duplex up in Syracuse.
$45k
1st floor rented to a family for way below market rate at $600, should be around $750 - $800
2nd floor needs some minor work and should rent for $750 - $800
So ap...
I'm normally good with #'s, but don't know how to calculate this one. Help an old fart out, college grads...
I have a subdivision where I've built a few homes in SO TX. I was approached by an individual that bought a...