Anthony Z.
Can real-estate deductions be applied to W4 income?
When listening to the BP podcasts I often hear about different tax benefits such as:Itemized deductions related to acquiring/managing propertiesHome depreciation tax write offDo these things lower the tax bracket of t...
Tuan L.
When to apply for private lender/ hard money lender?
Hi BP community,I would like to get some feedback on when you should look for private lender/ hard money lender. Seller/ wholesaler usually ask for POF if you want to get into contract for the property. So if you want...
Spencer Speckles
Reasons to apply for commercial zoning exception or variance
I have a property in the central business district (C-1). I’ve been trying to lease the building for several years and have not been successful. Here’s my problem: the available space is at street level and the permit...
Rashad K.
Can an investor assume and FHA loan without applying?
Hey Bigger Pockets,Can a investor assume an FHA loan without having to apply or deal with the bank ? I have a motivated seller of an off marker triplex who owes 145K. Needs roughly 125k, rents are $1250-1300 after reh...
Jesse Soriano
What should I know before applying for hard money
I’ve never used a hard money lender. What are your basic 101 things I should know before I approach a hard money lender and how does the process go?I’m looking to invest in The Cleveland market. A lot of the houses I...
Matthew Hodge
Applying the 2% Rule to Improvements and Additional Items
I've got two questions, but they're related. First of all, how should we apply the 2% Rule, or another similar guideline, to improvements? Specifically, I've got a triplex that doesn't have central heat and air. The t...
Michael LaMorte
How to apply Mentoring to a Real Estate Job
I am a part time real estate investor (own a triplex I rent) with a W-2 job. I basically hate everything about my W-2 job except Mentoring employees.
I’d like to go into real estate full time in some capacity and w...
Matthew Schneider
Section 8 Housing and how it applys to landlords
My question involves setion 8 housing. Where can I as a future land lord find information on section 8 housing? All of the information I've found so far concerns those applying for section 8 housing. I haven't been ab...
Josh Spears
Creating a basement apartment without applying for ADU/Permits
Hello everyone,long time patron, first time posting. I have a question regarding a building I’m currently house hacking .
I live in a 3 unit in the bronzeville area with an unfinished basement that I want to convert...
Mike G.
Does "De Minimus Safe Harbor" apply to real property?
I have been reading mixed opinions on this question in multiple forums and wanted to see if anyone had any references or could provide for further clarity. According to IRS regulations, "Under the final tangibles reg...