Bram Spiero
Taxable income and expenses
Listening to the latest podcast with Natali Morris got me confused about what is considered taxable income from real estate and how the legal entity influences this.She claimed that if I hold an investment property in...
Josh Edelman
March Quick Data Points and News: Las Vegas
Real Estate Update
Some data points for March 2023 Median Sales Price: $430,000
New Listings: 2,298 (down 29% compared to March last year)
Days on Market Until Sale: 29
Months Supply...
Joe S.
Keys to Negotiating a HUD house?
Does anyone have any insight on negotiating on a Hud house? Is there a percentage that you can go below the asking price or do you simply take the price or leave it?
Steve Gunasingh
Realtor Recommendation for a newbie
I have around 50k to work with at the moment. I am looking for a realtor who has experience with investors. I would like to work together. The primary areas that I was looking to invest in were Ohio, Illinois(Chicago)...
Manosij Majumdar
Hotels and Hybrids off the Coast of Canada
Hello everyone. My name is Mano.I'm returning to BiggerPockets after a hiatus of 8 years.I first heard of BiggerPockets from a professor as I was about to graduate from my MBA in 2016. In the intervening years I acqui...
Katherine Hamilton
Realtors worried about the future of the industry?
I'm a journalist working on an article about how the recent news about the head of NAR and the tough housing market right now is impacting Realtors and the Realtor industry. I'm based in Virginia, so hoping to get a p...
Larry Gatti
Declining an applicant for being a jerk?
Is it wrong or not allowed to decline a potential tenant if I think they are a jerk, even if totally qualified? Kind of funny, but I figured if they are a jerk on the front end, I don't want them in my house. And bein...
Snehal Ambare
Primary Residence converted to Rental - Capital Loss
Hi! We bought our primary residence in Orlando FL in 2006 for $260,000. This year we are buying a new home and looking at potential to convert our current home to rental property. Would we be eligible to get tax break...
Phillip Murdock
Can my LLC Secure Loan from Personal Home Equity?
I am new to real estate investing. I was told the best thing to do was establish an LLC as I begin my venture. I plan to access some of the equity in my home, along with cash on hand, to purchase and reno property. ...
Brett M.
What happens with "last months rent" if tenant resigns?
I had my tenants pay first and last months rent wen signing plus a security deposit.Their year is almost up and they would like to resign. I gave them notification that I will be raising rent on this new contract.Shou...