Hi bigger pockets community,I was wondering what advice you would give to my family. We have a family house worth around 2.9 million dollars in San Francisco. We are interested in moving to Miami by selling the San Fr...
Recently married couple, looking to buy a vacation home down the Jersey Shore that we would also offset the cost by renting out in the summer. Unfortunately the barrier for entry into a lower-end home is about $1 mil...
One of my rental units is occupied by 2 tenants. At first I was only aware of 1 tenant but later discovered another room mate. The tenant fessed up and apologized a few times. It was my fault I didn't do an inspection...
Here’s how in 6 easy steps:
1. Check local regulations.
First, verify that your local zoning laws, HOA rules, or condo bylaws permit renting your property.
2. Update your insurance.
If they do, inform your insur...
Hello, first time posting here.
I'm contemplating the sale of a rental property I own. I have a net equity (after commission + repair allowance) of $116k in the property. The home is worth 300k. I'm wondering if a 1...
Quick tax question..My friend lives in staten Island.. Lived there his whole life 30+ years. He's look to sell his house which is all paid off for about 700K and then buy another house all cash in Jersey. What are t...
How do you calculate combined income in a situation where there is a boyfriend/girlfriend relationship and a mutual friend sharing the property?...and is it prudent to get background checks on everyone, or just an app...
Finance and I currently looking for our primary residence. Close family of ours are (very) slowly looking to downsize homes. We didnt talk numbers yet but they said if they move, they would be willing to sell their ...
Can someone please explain the IRS rule that allows homeowners to avoid paying taxes on up to 500k in profit from selling their primary residence? Like what is the specific criteria that this deal and property has to ...
Hey all, we recently did a cost seg & bonus deprecation on our STR for about $180k worth of deprecation. Well... it turns out married life may not be married life by the end of 2023. Can anyone point me to resour...