Jessica Hanchey
Lease option deal - need advice if this is a sound deal?
My husband and I have the opportunity to work out the following lease option on a house we are interested in. Because we are looking to save up $ for a large downpayment before we buy our next house, we are going the ...
Kerry Malarkey
Land Contract Seller Financing - Land Use restrictions
I am looking at selling 14 acres of raw forested land in the state of Washington to a buyer using a 3 year installment with balloon payment. I need to spread the land purchase payments out over 3 years for tax reasons...
Lynn Green
Depreciation or Expense
I spent $20,000 on replacing decking front and back. It was Trex , which is supposed to be lifetime warranty, that is another issue. Also, we replaced siding on the East and West side of the house, which was another $...
Josh Garner
Ways to reduce tax liability on my cash flow
Hey BP! What are some ways I can reduce my tax liability on my rental property? After reviewing my taxes, I earned $26,400 in rental income on my property, and all expenses (mortgage interest, repairs, depreciation, i...
Silvia B.
Pool repair question
I just bought a REO home and am making my list of things to be repaired and improved. My question is: the home has an inground pool with vinyl liner. This liner is 13 yrs old and is patched beyond repair. The liner ab...
Account Closed
Front Porch Clause
Front Porch ClauseThe cash you need could come from the investment property itself. Virtually all properties need some repair; so ask the seller to make an improvement.(Painting the front porch for example.)Then, off...
Jeff Richardson
What will your accomplishments be in 2018
In 2018 I will sell >25 homes, write >60 loans, and buy >12 rental properties. What will your accomplishments be?
Mindy Jensen
Want to Talk Tax? Upcoming Podcast Episode Needs Your Questions!!
An upcoming episode of The BiggerPockets Podcast will feature BOTH @Amanda Han and @Brandon Hall answering YOUR questions about taxes - the new tax laws and how they affect regular people AND real estate investors.Wha...
Corey Reyment
Buying your current house and renting to yourself
Im not sure if this is legal but could you sell your house to your llc and then as your llc, rent to yourself? Im thinking of the tax advantages of this strategy and the write offs for home improvement projects etc.
Melinda Fulmer
Are you finding better deals on remodeling?
Hi everybody. My name is Melinda Fulmer and I'm writing a remodeling story for MSN. Looks like contractors are hungrier and prices are dropping for some home improvement projects. Does anyone here have a story to tell...