Khushi Bahut
Taxes when selling rental that was primary section 121
Hi - I converted a primary residence (primary from 2014 to 2018) in 2018 and currently renting. My tenant is leaving and at crossroads trying to figure out if I continue to rent or sell both given the current real est...
Jeremy Aldridge
How do I make money selling raw land?
Good evening bigger pockets community! I recently purchased a parcel of raw land here in Kannapolis, NC. The land is 1.79 acres in a great established neighborhood with home prices ranging $200k-$300k. Located on a cu...
Andy Basler
Anyone combine business trips with personal trips?
Hello group,As I grow my business and become more in love with Rentals, I thought about looking at other markets in areas that I also like to visit. I assume I can count these trips as business trips if I have the pr...
Lance Lvovsky
BREAKING NEWS: Additional Tax Relief for Hurricane Victims
A bill passed the House yesterday that would grant additional relief on top of what the IRS granted immediately after Hurricanes Harvey, Irma, and Maria. As some of you know, immediately after the Hurricanes, the IRS ...
Bradley Gasparovich
How do I properly introduce myself as the new landlord?
I close on my first duplex tomorrow and I am wanting to send an introduction letter to the tenants who are currently occupying the other unit. Are there any specific details I should include in the letter? I know of a...
Dakoda Spencer
Bought a really cheap house, now I want to sell it. Taxes?
Hello BP, recently I picked up a really cheap property here in Ridgeley Wv, right across the river from Cumberland Md. I plan on selling it once I get it cleaned out, since I don't have the capital to get it in rent c...
Rich Thomas
Blind offer on 6 unit apartment ?
Hello all,
My agent recently brought me an off market deal for a 6 unit apartment house. My agent is telling me we need to make an offer on the property before we can get in to look at it...is this typical and or exc...
Frankie Lotrec
Insurance for a Quadplex in VA
Hello,I own a quadplex in VA. I have insurance right now but I am paying upwards of $600 per door! I need to lower that to meet my budget. Any recommendations?thanks
Kyle Cortez
How do I "buy" my parents' business?
Without being too specific, here's the scenario for a friend:A young college student wants to buy an investment property; it's a small apartment building with 11 units. Since it's over 4, a commercial loan is required...
Drew Dim
Spec Build - should LLC file under S-corp?
so I've filtered through the archives and didnt see an exact fit to my question so here goes.I have a lot that will have potentially 3 spec homes build on them. The 1st is under way and will be completed Jan/Feb of 20...