I am planning to get my first investment house; I don't want to use my savings, so I have an equity line of credit for 50K and got pre-approved for a loan up to 300 k? it has been very difficult to find a house that ...
I want to document my agent's and my own activities so I can claim the 20% Pass-Through Tax Deduction (aka Safe Harbor). I know the logs have to be contemporaneous. Wondering how others are doing this?
Good Day Bigger pockets members my name is David Smith. My wife and I are new to REI, but I am not new to real estate. I have had my real estate license since 2006. I currently work in the oil and gas industry in Hou...
I have a 4/2 1550sqft rental (1945 build) that I’m considering selling to potentially build two 2/1 ~700-800sqft houses. My first rationale is the smaller homes will attract the type of tenet I’d prefer compared to th...
Howdy! Noah here, new to Bigger Pockets.
I just went under contract on a 35 unit apartment complex built in 1980 and I have to do some remodeling... YAY... Time to raise rents.
I need all new appliances (Fridge,...
Investment Info:
Small multi-family (2-4 units) fix & flip investment.
Purchase price: $22,000
Cash invested: $22,000
Contributors:
Kevin Johnson
Bought a duplex from a wholesaler...
Getting ready to sell a rental, and realized how much I forgot about doing a big painting job. 1/4 of the way through I broke down and shelled out for a 18-inch rollar and big painting tray. Wished had done it sooner,...
I wanted to ask Bigger Pockets if as a condo apartment owner / landlord... needs to purchase landlord insurance or homeowners insurance. Landlord pays common charges to the building which has some coverage already.
Hello Bigger Pocket Gurus,Silly question on rental math from a newbie: Can i deduct <property management fees, home structure depreciation, maintenance costs, interest expense, home insurance, property tax> from...
Someone asked me this question, and I did not know the answer. What happens is someone gets an S Corp for flipping but does not do any deals the first year? Does he need to file a return? I would imagine the answer...