I’d like to share with you what we’re doing with our properties to mitigate COVID-19’s impact on our properties, with the hope that you can use some of these ideas and strategies on your own properties. If you have ad...
Hello all!I am currently a sophomore in college going for a double major in accounting and finance. I recently discovered the "real estate realm" and I am incredibly interested and fascinated. My question is there any...
Does the seller credit I get on my closing statement in a 1031 exchange "reduce" the purchasing expenses or do I reduce the sales price (fmv). These tax softwares do not make it clear where to enter what.
We are in the process of getting ready to close on an investment house we will rent out as a short term rental. I was planning to create an LLC for the investment and use it for all expenses and income related to the ...
I'm looking to purchase a townhome alone for $600,000. I plan to do house hacking by renting out spare bedrooms to reduce my living expenses. I aim to apply for FHA loan with a down payment of around 5%
My Informatio...
Bigger Pockets Community -
I'm trying to plan for the future and have a question I'd like your thoughts on.
Hi BP,I’m struggling to calculate the potential tax benefits for owning a real estate investment property. My research has shown that the following are the greatest available rental investment property tax write offs:...
Hello, I just wanted to share my success in lowering my monthly bills this year! I hate monthly bills, especially the ones that I cannot pay off (reverse passive income). I have very minimal monthly expenses and alway...
Hello to all..How do you or should you incorporate reserve funds into the APOD when figuring out what a property is worth? Since technically it is not an expense (at least I believe not) but a capital investment that...
I am 27 years old. I currently have 3 properties. 2 of the properties are long term rentals (1 SFH, 1 Duplex), and the other property is a primary residence. I have a high paying career and I have managed to keep my e...