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I am doing my taxes myself via turbo tax and I must say I am underwhelmed with the tax breaks I am getting for owning a rental. My wife and I have strong W2 earnings at about 250k combined and it doesn’t appear that a...
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I recently joined BP after having been enjoying the benefits of great information and discussion across the site. My background is in retail banking and I've since moved to a management role at a fintech firm but I'm...
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As a Chicago landlord, I've noticed many local apartment listings that ask for a non-refundable move-in fee instead of a security deposit. I suspect this is partially due to Chicago's strict laws regarding security...
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Hi guys, How are you planning to finance your retirement?What income in retirement do you need?I used to think that if I have about 10 houses, each pays about 2k in rent or so, all houses paid off, lets say after all ...
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I want to start off on the right foot and was thinking of getting a gift for my new tenant.Has anyone here done this if so do you have ideas for what to get them?
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Since I have gotten into RE and doing pretty good with it I find myself looking at all my toys ( boats, extra vehicles, 4 wheelers, gun collection, etc ) thinking to myself I should sell all of it and invest into more...
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I am currently under contract on a 1-bedroom septic, 3 full bath, (has 3 full bedrooms with loft space) cabin near Gatlinburg. Priced at 740 K. plus needs 30-40 K to set it up and running as a STR. Talking to some loc...
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Hello Team, i am about to buy a property that is has very very strong smell inside. It looks like several cats were there for a long time. Unless I clean the smell, we cannot work there. Currently all the doors and wi...
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Ok so I'm looking at one of these...needs some lighter rehab maybe 20k. It's a duplex, rents for the area are about about 1700. They are not way far off from my max purchase price of 80-90k (including rehab costs)...I...
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Challenge… I personally ask you to “Step Up!”
I have two challenges for you…
One…
I just donated $50 to Bigger Pockets to assist with the continued development and to show my support for this site. Donations since...