Hello everyone I am a new investor in need of advice. A couple of months ago I bought my first house with the FHA loan. There were some repairs required by the FHA for closing but the previous owner refused the do the...
After move-in, one of my tenants began a business of purchasing used or auctioned cars, doing minor repairs and cleaning in the garage, and transporting to a used car dealership to sell. I was not aware of this activi...
I’m curious what the community here has to say.
My dads in the car business and swears by leasing. I’m all about wealth building and assets and I think buying is the better option.
I’m currently torn between buying...
It appears that many investors on Bigger Pockets are the millionaire next door types who drive older cars with $100k miles on it or purchase used cars that are atleast 3 years old.
In Thomas Stanley most re...
Do any of you landlords allow car washing (tenants responsible for all utilities) and minor car maintenance on your properties? I'm under contract for a 2 flat in which I am having the plumbing redone (stolen copp...
Any attorneys or risk managers out there that have knowledge on this question? I had an extra family car, that I want to be full time dedicated for use by my PMC staff. I know I could sell it and retitle it into my P...
Does anybody know if I can deduct expenses when 'driving for dollars'? Also, If I purchase a new vehicle for that, can I deduct this expenses?
This is my first post on here so bear with me. I am looking for ideas on how to offset my real estate gains. A little background is I am single and make approximately 150k/year in my non-realestate W2 dayjob. I have 3...
I share a duplex with my only tenant. He has an old navigator thats broken and unregistered. No effort has been put into repair or selling. I have in the lease that no abandoned or unregistered vehicles should be sto...
I own a 2004 pickup truck with 175000 miles. I just took it to the shop to get a repair quote. It’s about $2000 for the main repair. There are a few other smaller things that need repair as well.I have the cash to buy...