Every Podcast tells me the answer is yes, however every time I talk to my accountant he says that depreciation isn't always worth claiming. He mentions that when you go to sell the property or if you pass away you...
Hey all,Wanted to share my story of my 3rd deal. At the close of the refi it was at 23.5% cash on cash and a 9.4% cap rate in a market where comparable multifam is trading closer to ~5.3%.I'd done two others (maybe fo...
Tenant gave legal notice to vacate , BUT only paid for two weeks(left on 14th & paid to 14th) paid $700 out of $1400 rent. -- . I intend to take the remaining two weeks out of her damage/security deposit and ref...
I have taken drywall off all the exterior walls but left the inside walls. The drywall is a bit bumpy, smelly and in need of some repair. The electrician suggests i take out all drywall but thats more demolition cost,...
They want to use both incomes to qualify for the house and neither one by themselves make enough to rent. So if there is a breakup...then what. I know even a married couple can break up, and a single renter can fall o...
I received a call today from my probate marketing. This lady inherited the property from her father. She says its free and clear.I asked her when we can meet at the house, and she says her brother lives there and they...
Hi Everyone,
My name is Eddie and I would like to introduce myself to the Bigger Pockets community. I'm in my late 20's and I currently work and live in Calgary, AB.
I've been poking around the forums f...
I'm looking into acquiring a portfolio of single family (or potentially small multi-family) rental properties and I was looking for advice on which postcodes to focus on, and which ones to avoid. Any advice would be m...
Hi everyone,I was just wondering if anybody here in BP have ever taken the advanced training/mentorship programs offered by Rich Dad, Legacy Education/Elite. Thank you.