Bought in Sept 2011 for about 130k, Rehabbed by end of Dec 2011.
Rehab costs were about 45k
Holding costs from Sept-Dec were about 7k (monthly loan payments, utilities, taxes, insurance)
182k rehabbed. The place i...
I own 2 duplexes in a cul-de-sac of a total of 8 duplexes. After the purchase I found out from the city, that whoever built them, never finished subdividing the property completely. At this time there are 7 different ...
Tax reform is here and there is plenty of discussion going on about it. What is everyone's best strategy to capitalize on the tax rule changes as they relate to real estate?Mine is to invest in multi-family real estat...
Hi All -I have what I hope is a quick question for the tax professionals out there. The master bath in one of our rentals only has a jacuzzi tub, no shower head at all (weird, I know!). We're going to tear out the d...
Greeetings! I could use some advice on my 1031 options. I own and rent out a NYC 1BR co-op currently worth around $400K while living in the city suburbs (in a SFH that I own with my husband). We are planning to reloca...
Hi Bigger Pockets,I super appreciate your time and help here.I have a really difficult tenant in my house. On Friday I posted a 3-day comply and pay or vacate notice. He had not paid rent and had modified the proper...
You’re probably grieving for the children and families in Newton, Conn. just like me. Tragic events like this throw us off balance and make us more willing to change.
A determined spokesperson from this community co...
I'm doing my 2023 taxes (late) and we had some siding and gutters put on in Fall 2023, however we did not pay for it (~$13,000) until summer 2024. Do I record this in my 2023 or 2024 taxes? I know it is a capital imp...
Chris Yeakel here - I’m in the beginning stages of real estate investing and targeting multi-family commercial with my wife (currently a property manager) and my dad (commercial real estate investor/manager).
I’m se...
Hi,I have a condo that has been a rental property for a few years that I am getting ready to sell in the next couple of months.I also own a piece of land on which we are currently paying a mortgage. We may build on t...