Will Toress
Seeking advice on tax deductions for STR that's under construction
Hi all, been reading a ton about taxes related to STRs but still have some questions. I bought the property in 2022 with the intent of making it a STR that year. However, when starting construction, we found extensive...
Account Closed
DEAR NOAH: Is it a terrible idea to buy a condo/townhome as a primary?
Dear Noah,I had a quick question regarding the current housing market. I would like to set myself up to start investing in real estate, but currently I don’t even own a primary. I have a downpayment saved up, and I’m ...
Ben Cochran
Should I pull some equity to purchase an STR?
I’m going to consult a local financial planner but thought I’d ask the brilliant minds at BP as well. My wife and I own 3 properties in Colorado and are considering pulling some equity to purchase an STR in the Tampa ...
Vince Biegel
What would you tell an NFL player who’s considering Section 8 housing?
I love the bigger pockets community to bounce ideas off the group. Here’s the opportunity:
I’ve found an experienced operator (250 doors under his belt) who specializes in Home choice voucher program (HCVP) or sectio...
Gunnar F.
Any reason not to take depreciation on a rental property?
My current accountant has apparently not been taking depreciation on my rental properties every year. I am a rank novice in this area. Just wondering whether there could be any strategic benefit to not taking the dep...
Alan Eisenberg
Smaller building in nicer area or more units in average area?
I am looking for a multifamily property to purchase. My question is this- I have 1.5-2.0 million to spend but I am wondering if its best to purchase a smaller building in Boston, Ma Miami, Fl or nicer area lets say 5-...
Jim Stevenson
Pay off debt vs saving for down payment
Hey everyone, I know this question has probably been posed a lot but I wanted to see if I could get some feedback on my situation. Back in September I started the uphill battle of paying off mine and my wife's $55k wo...
Brandon Morgan
How can an Owner-Occupied single family home be an investment?
Hi all i am a new real estate investor and just bought my first rental property a few months ago and now have it all rented out. I have been living in my home I grew up in and next year I am looking to move out . I am...
Jessica B.
Lots of tax questions
I'm still pretty new to land-lording. In my current situation I've invested in a few rentals in Ohio. I, however, live in another state. I would like to do things right and at the same time not create more work than n...
James Freeman
Keeping existing house we been living in 20 years and buying new
What would be the best way to keep our existing house with good equity and finance a new house? 401K loan? Equity from current house? How much should we pull out if we refinance our 1st mortgage? We have never owned n...