Hi, I am new at all this. After years of remodeling my husband's 100+ year old house by ourselves, we are finally starting to work on the house I have owned for 15+ years. Because of major foundation issues, I have no...
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I'm trying to figure out the tax implications of the househacking method. I will be living in the basement of a property I just purchased and renting out the main house. Are there any differences from a tax perspectiv...
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I have a general question about rental property in disrepair. My parents have a rental house that has some major floor rot problems. The house is on peer and beam, not a concrete slab. The tenants have been in the h...
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Hi everyone! My name is Esi and I am just getting into the world of real estate. I came across a deal that has foundation issues. It was priced below market value and I would still be doing further negotiations if I w...
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Im organizing the difference between minor, moderate, and substantial repairs cost on rental grade properties although my inexperience is hindering me. What would be a good price distinction between each category?
e...
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My name is Marcus Trahan. I have this house that I am in the process of closing on in Lafayette Louisiana market. I want to flip it. This would be my second house I’m flipping. I’m new to this world of flipping and I ...
Hi everyone!Background: I am new to REI and have been reading the seemingly endless available blog posts and forum threads here on BiggerPockets. I decided to start to look for some leads in my area in Prince George's...
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Hello folks,We are in the midst of closing on our first buy-and-hold deal. In another thread, some of you kindly analyzed the numbers and we're going to get about a 10%-12% cap rate. Official loan documents are being...
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Hi everyone,
I own a house that I plan on renting after I make some major repairs. Is a CL ad sufficient proof of intent for the IRS, or should I run a print ad before starting repairs?
Thank you!
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I'm currently trying to help my parents get out of their house. One had a heart attack, the other had cancer and they are ready to retire and downsize. They have a 3,900 sq ft, 4-sided brick house with a finished base...