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Hello. My adjusted gross income is under $100,000, and so the passive loss (including phantom loss from depreciation, deductions from mortgage interest and property tax, etc.) from my rental properties will be offsett...
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Trying to decide what my best move is and would love BPs opinions. I am about to sell my first rental property and I should walk away with about 125k ish after all taxes and fees. I own my primary residence that I bou...
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Hi there!I am hoping some more experienced flippers and/or investors can help me out on this. My husband and I have an out of town investor who completely funds our flips. We select the homes, attend the auctions, d...
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Ok BP, I have a sticky property I'm not sure what to do with. This is my first time asking for help so bear with me.
My mother had purchased a house in Houston 3 years ago at an inflated price (around $100k cash), i...
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Hi fellow BP nation, I would like your opinion on this scenario. I am in discussion with a seller right now on an 8 unit property: (4) duplex's. The numbers work, and are as follows:Purchase price: $340,00025% down...
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Hello,I would like your help in analyzing the long term investment potential of either A. Holding the rental unit or B. selling it and diversifying my assets.Background: 3 Years ago I decided to hold onto a condo I ow...
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I am currently an 18 year old high school senior in Pittsburgh PA! I have been reading and listening to every bit of information I can gather right now so I can make an informed decision on my next move. I have gotten...
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I am planning to use my home equity line of credit that I received on my primary residence to put a down payment on a rental property. During the application process for the HELOC, I told the bank that I would be usin...
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Hi all!
If I had a rental property with exactly zero cash flow at the end of the year (after paying for mortgage/escrow/insurance/maintenance/etc.), would some of my depreciation expense shield the funds that were us...
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So I have a bit of a dilemma, I have a tenant who signed a 6 month lease that runs Dec 15 - June 15. They signed the lease and has given me $750 of of the $1000 due for the security deposit. Now they are claiming that...