My new wife and I live on one side of a duplex where we rent out the other side. Pretty good economics on Deal One as the payment is fully covered by the rent, allowing us to build our nest egg. Downside is, she doesn...
Need some expert advice because I'm threading in unfamiliar waters. Came across a property to purchase at a wholesale price from seller but there is fire damage in one of the bedrooms. Looks to be from an old outlet o...
HiI live in California. I took out a HELOC on my primary residence and used the funds as a deposit on another property which then became my primary residence. The previous primary residence was converted into a renta...
Hello Bigger Pockets members,
I am new to real estate and real estate investing and I am really excited and looking forward to learning from and contributing to the Bigger Pockets community.
I am in the process ...
I wanted to let the Bigger Pockets members know that Herb VanDyken suddenly passed away yesterday. Herb loved nothing more than studying and talking about REI, and was a faithful reader of Bigger Pockets. I had the p...
Hello my fellow BPs, I'm considering of starting my first investment property soon. I have been doing my own research by reading the BP blogs, listening to the podcasts, asked people questions (including my CPA). Howe...
Hi Bigger Pockets!I have a Airbnb property with a residential "investment property" loan with Pennymac. I understand that Pennymac doesnt allow you to switch the deed to the LLC and I am wondering if I can operate my ...
First time asking a question on here. I found bigger pockets after I purchased my first SFR to start my buy and hold strategy.
Everything is going great with the property and it makes good money. I paid all c...
IRS is not shy about disputing claims to Real Estate Professional status. It's an easy desk audit for IRS. They query Schedule E losses. And if IRS challenges your claim to be a Real Estate Professional they will s...
My Entrepreneurship professors stressed “Have an exit plan.” That really stuck with me…and I did. But I failed to “work it.”
My husband and I had three rental units in Charleston, WV. Our exit plan – when we were re...