Russ Marlborough
Water damage. Condo refusing to cover drywall.
I recently had some water damage in my condo that was caused by a small crack in a water feed line to the refrigerator. I had all of the costs covered by the insurance company minus the drywall which I was told was t...
Mike McCarthy
Section 8 request in A- neighborhood
In the process of renting my first BRRR property in a nicer neighborhood in Philly. Rent is $2K+, and so far have gotten decent responses, but still working on finding the right renter.Someone emailed today asking if...
Bob Razler
To Hack, Or Not To Hack, That Is The Question.....
" Whether 'tis nobler in the mind to sufferThe slings and arrows of outrageous cheap living,Or to take cashflow against a Sea of debt,And by opposing pay it off"Hello:So, what seems like a simple proposition/rule (Raz...
Lawrence S.
CA landlord: how to approach early termination for demo
Long story short, I was unaware of some building issues of a SFH in CA. This portion of the home will likely require demo per the city. We have a tenant in a 2 year contract, they still have 1year and 8months left. Th...
Dennis O'Loughlin
wife's ex owns half the house we want to buy
My wife and her ex husband still each own half of their old house. He is wanting to sell his portion and we are wanting to buy it from him and turn it into a rental property. There is still a small mortgage owed on ...
Nancy Chawla
1031 Exchange with mortgage
We have a two family home. We live on one floor and the other half is rented. The property is being sold for $1 million with a mortgage of about $300k. We're planning on doing a 1031/121 combo. The rental half is esse...
Sam Rush
Filing Taxes With An Escrow In Play
Hello BiggerPockets!!! I'm newer to the real estate investing game and seeking out some additional advice about taxes. I recently bought a fourplex that I'm holding (I'm even starting to look into another acquisitio...
Carl Cheung
Build primary residence and using section for STR
Hi, wanted to see if anyone has done this and what I have/haven't thought of yet. I'm in a HCOL (Seattle) area and looking to build my "final" home.I was thinking of building a home and have part of the walk out basem...
Etan Frankel
1031 Exchange - Strip Mall to Multi Family
Am I able to do a 1031 exchange from a strip mall to multi-family? If yes, am I allowed to be a tenant in the multi-family?Thanks!
Patrick McGowen
Tax implications of roomate for owner-occupied
I friend of mine asked me if she should depreciate her home or not as she is bringing in a renter. Her CPA is going to run numbers for her, but I told her I would ask BP community if you had any good insight or innov...