Jeremy Walker
Need Input on SFH
I think I pretty confident on this deal but just wanted some verifcation I'm looking to buy this home from family here is the breakdown:Purchase Price: $35,000Initial Market Value: 63,000Currently Rented @ 695.00 per ...
Lindsey Kocher
tax docs for SD IRA
I moved parts of an Trad IRA and Roth IRA correlating SD-IRAs that formed LLCs and purchased a home in full, later renovated using the same funds. The accounts and transactions are complient with IRA rules. Questio...
Sarah Harris
How to Choose: 401(a) vs. 403(b)
My new employer has two options for Retirement Plans, both with Fidelity:
401(a):
-Employee after-tax contributions up to 60% of pay*
-Service-based match of 100% to 200% on after-tax contributions up to 3%
-1% a...
Monika B.
Too Conservative Replacement Reserve?
I bough my first rental (duplex, non-owner occupied) 2 years ago and would appreciate feedback on my replacement reserve amount, and thoughts on needing flood insurance in a non-flood plane. Monthly income is $1,995, ...
Emily D.
Capital Expense vs Repair Expense
For bookkeeping/ tax purposes: if you replace an A/C unit and hot water heater does it get categorized as a capital expenses or repair cost? I have been researching to ensure I log it correctly in our bookkeeping soft...
Nathan Klettlinger
First time investor- starting well
Hello all,We just purchased our first duplex in Parma, Ohio that is now fully rented.Thanks to @Jad Boudiab for acting as my realtor. He is professional and prompt. Thanks also to @Neal Mahoney as he is a highly re...
Brandon Turner
Only Hours Remaining to Lock In Current Prices on NEW BP Pro Accounts! Ends at Midnight Tonight.
Only a few more hours remain until monthly fees increase for all NEW BiggerPockets Pro and Pro Basic signups.
However, anyone who has signed up for a paid account before Tonight at 12:01 AM will remai...
Account Closed
Do we really get tax benefit for rental property?
Lets assume a Scenario: A new investor who invests $150K on a first rental property. No other retal or home mortgages.
IRS: US govt already allows a "Standard Deduction" of S24,400 (Married joint filing). The other o...
Sheltocks M.
My numbers don't match BP numbers
Hi BP family:Getting ready to bid on my first rental property and plugged in #s from my spreasheet into BP and the NOI and Cash on Cash ROI is way off. My cash on cash return is twice what BP shows and at 80k I dont e...
Heath Clendenning
Syndication final payments
I have two questions regarding a syndication I will start. If I hold the money for X years:- When do returns get paid, and by what priority?- If the final calculation on ROI is determined once the term is up, then the...