Hi everyone,This is my first post on BiggerPockets :) I am excited to join this community!I am looking for some advice on tax implications wrt selling my rental property in NYC. I own a rental in the Financial Distric...

I didn't really plan this scenario, and some of you will fault me for a laissezfaire approach, but I started investing in SFRs in the year 2002 as a SIDE BUSINESS.  Lukily, I had other income so I've never neede to ta...

I have been working on buying a condemned duplex for quite some time now.I've gotten bids from general contractors, a structural engineer's report, etcEverything is set for closing, the lender is ready, I am ready, al...

I own a 2 flat brick building in Chicago. Over the years some brick cracks and other outside work has accumulated. Some concrete areas around the building need to  be fixed. I would guesstimate 20-40k in repairs.  I h...

I took out a $50,000 HELOC on my primary residence and am using some of it to purchase a rental, the rest will be cash. My plan was to pay off the HELOC as soon as I can to free it up for other deals.

I also have a ...

Hi BP, 
We just got a letter for one of our rental properties (it's quickly becoming a problem property for me,) and it is a "30 day notice of an intent to file a Municipal Lien" for an $8000.00 past due utility bill...

MY situation is this: I own a single family rental that I want to refi or perhaps sell. The lender is a local private individual who has helped finance several deals for me over the years. There is a substantial discr...

I'm actually "new" since I've lived here less than a year now, not counting a previous Navy tour long ago :)  I've only owned one previous rehab to rental which went well.  It was a room at a time, but in the end ever...

Anyone have any thoughts on having the main drains professionally cleaned at rental properties to help minimize the risk of a backup? 2 of my properties are early 1900s vintage and the 3rd is mid 50s. I have no i...

I am going through a terrible closing experience on a new primary residence and want to see what I can do to improve my tax structure to eliminate this issue. A quick run down on my financials and see if any mortgage ...