I should preface questions / thoughts below by saying I am a total noob at real estate investing. * As part of exploring properties, should home inspections turn up unfavorable findings making sales fall through, it f...
I am in a ESOP at my work. The company just sold and I have to figure out what to do with the money. 75% has to stay invested in company 401k with annual disbursements for 5 years. I likely will keep the 75% invest...
Hello BiggerPockets Community!
I'm on the hunt for my first property to househack in the Kansas City metro area. I'm particularly interested in acquiring a quadplex or triplex. I already have access to the MLS as I'm...
Hi BP -- I'm currently working on my first House Hack. I'm debating whether or not to fix old sewer waste pipe. It is a huge ticket item and can eat ~30-40% of my reno budget.Today I did a walk through with plumbers a...
My CPA advised that since I will be managing the rental myself, rental income qualifies as Active (=earned) income (vs. Passive).
Does that sound right?
Well I close in a few weeks on my first rental. It is a duplex with a current tenant and I will occupy the other side (owner occupy). I have tons of books all of which I have read cover to cover, however I would like ...
Hi all, I appreciate your help in advance on this extremely complicated topic.
My wife and I are trying to find out what exact details will count towards the 750 hours of "materially participating" in real es...
I'm hiring a management company for my STR. Of course, I can figure out what my insurance, cable and taxes will be. But, what can I expect to spend for all of the other expenses? Consumables, utilities, repairs, yard ...
This is going to be a long one, so prepare yourself =)
My fiancee and I have been house hunting for a personal residence for a few months now. I own a home since '09 that is underwater (stand to lose 18K or...
Hi all,I found this duplex in a very nice area in Westchester, NY. Here are the facts about the house:- Duplex. On the market for almost 2 years. Price was $470K in January 2015 and it went down to $430K in August of ...