I'm strongly considering buying my first 3 flat in Chicago and have an issue and not sure how to best approach it.  Currently all 3 units are rented out through July of 2019.  The one unit I would live in has a 75 day...

Hello all! I am new to the forum and have been reading/following as much as I can! I currently have a couple of rental properties and I recently just closed on a foreclosure that I have the full intent on flipping. Th...

Hello ALL,Thank you in advance for your replies. Does anyone have a copy of a good letter of intent to purchase property in the state of Indiana?. We are about to make an offer and I want to see if anyone has a better...

Investment Info:

Single-family residence buy & hold investment in Saratoga Springs.

Purchase price: $203,000

Cash invested: $33,000

This was a new build townhome we purchased with the intent on r...

Bare with me this is complicated.  I'm a GC in New Mexico.  The company purchased a dilapidated house in whatcom county, Washington state.  My intent is to get it livable and my son is purchasing it at cost of the hou...

Hello BP!My wife and I are selling one of our investment properties (been an investment property for 2 years).  We've discussed a lot and are considering purchasing a second home in the mountains for our personal use....

I have a rental property that I have decided to sell as it is no longer a lucrative cashflow opportunity. The property was originally purchased 4 years ago as our primary residence, but decided to move out and rent th...

Hello BiggerPockets!A few things:1. I have no experience flipping a home, but see myself doing it within a couple years.2. I'm always looking to soak up as much knowledge as possible.SO...You found a property, you fix...

I'm selling a rental I've had for several years now and will profit over $200,000.  In addition I have some cheap private money allowing to make a purchase in the realm of $500,000 cash. 
My plan is to sell this prop...

This is a case of where my accounting MBA background plus what I read online is in conflict with my CPA's  knowledge. In filing my business returns (S-corp), my CPA seems to think that renovation expenses should go in...