Here’s how that works:Depreciation is the act of slowly deducting the initial expense of an asset against your taxable income. Generally this is over a 27.5 (residential) or 39 (commercial) year time frame. So each ye...

Hey everyone,First of all, if I didn’t listen to the 1st Biggerpockets podcasts and never skipped a single episode since then, I would not have achieved what I have got today, so big shout out to Biggerpockets and the...

I keep getting outbid on home offers I’m making on single family homes. HOW MUCH OVER ASKING PRICE DO I NEED TO OFFER?I’m looking in the Tyler, Texas area, doing a conventional loan.I offered day of, full asking price...

The two Super Bowl contenders not only represent very different teams but also represent different real estate investing landscapes. Los Angeles is notorious for its appreciation while Cincinnati and the general Midwe...

Hi Guys,

Firstly let me say Thankyou for the opertunity to get these questions answered by the best of the best.

I'm a 20 year old wannabe millionaire who's really struggling in life and in need of some real estate ...

Well,You guys all likely made your resolutions for this new 2015 year.  Not to dump a bucket of ice-cold water on you, but just to remind you newbies out there - it's a lot easier to get in than to stay in this game.T...

It's 10pm. I'm about to start washing gross bathroom walls in the apartment we're renovating to prepare to sand and paint. I'm on BP because I don't want to do it...I see  people talk about hiring painters that can kn...

Hi, I just bought my first rental property 2 weeks ago (I'm in Maryland), and I'm feeling a little overwhelmed with my inherited tenants- any advice would be greatly appreciated!The property is a 3-unit building. 2 of...

Hello,

I'm new to BP and was just wanting to get some opinions.... Have any of you ever used auction.com to purchase foreclosures? I see postings from them it seems like everywhere and I just want to know...