In 2008 I purchased my first home and qualified for the $7500 tax credit loan that requires a repayment over the next 15 years. I made the $500 payment in 2010 and 2011 but in 2012 I converted my home to a rental pro...
So I have a situation that will be fun to play out over the next few days, but interested to see what other landlords would do.
Tenants contacted us last week because their lights were dimming. Had an electr...
BP Family, I am a new member with a situation. I am trying to acquire a property is Raleigh NC. The homeowners passed away over 8 years ago, no dependents. Property went to the surviving family members (9 siblings and...
Hello bigger pockets familyI have a problem My areas rents have increased far past my own mentality In assessing the valuesI have properties in Decatur GaZillow and rent ometer say that I should be charging 900-1300 o...
I have a person that has a couple properties he doesn't want to manage.From what I gather, the tenant used to work for him and as such they have a personal relationship that is causing issues. The tenant isn't the bes...
This is a follow-up to my recent post about IRA audit myths. In this long sequel, I will discuss hiring audit and "IRS audit insurance."
1. DIY IRS audits.
Can you defend yourself against an IRS audit without hired ...
Hello,
I am looking to buy my first property and employ a buy-and-hold strategy whereby I'll rent a single-family home to tenants (cash flow positive). I am looking at homes in the $70k-$90k range in Raleigh...
Hi everyone,
I spent 2.5 years building what we thought was our forever home in the Bay Area. We did things that would not make sense if I were building it as an investment property. Due to some life changes, we are ...
I am a new multi family homeowner in Worcester - the Greendale Area. Young woman, bought this house on my own. I live on the first floor and hoping to rent out the 2nd floor. The renovations ended up being a lot more ...
So I recently received my first water bill from the City of Chicago. My building does not have a meter so I am billed the standard rate for a 2 unit building, it was over $900. I was wondering if anyone had any experi...