Stan Johnson
Are you the next target?
I discovered BiggerPockets as I searched for a HardMoney Lender to fund a deal involving a Farmington HIlls, Michigan office building. I was excited to discover a treasure trove of valuable information in the Forums,...
Hannah Costello
Do you need a salary to get a mortgage?
My goal is to get my first property by the end of 2020. I would like to house-hack a multi-unit home and use an FHA loan, but unfortunately I just lost my job. Do you need a salary to qualify for a loan? What if you h...
Jimmy Day
Hold property or let it go?
I have a studio loft in downtown Atlanta that I could likely sell for $135,000. I currently owe about $107,000 on it and have it rented out to an amazing tenant who has never called me with the first concern over her ...
Grant Edwards
A 4% Deal For 1st Rental?
Hey everyone! I would like to get some opinions on whether or not I should do this deal. It would be my first investment. Here are the details:It is a triplex for $32,000 in a low-income area in the Midwest. Property ...
Cooper Marcus
RE Professional - can I deduct losses from rental AND syndicate?
Assume that (in a given year) I'm a Real Estate Professional, and I've passed both the 750 hour test for my real estate activity and the 500 hour material participation test for a rental property I own and manage. Ass...
Marty Rini
Live and Flip in Columbus Ohio - $106,600 Gross Profit
Here is a live and flip I did in the Clintonville area of Columbus Ohio. After Realtor fees and closing costs I netted about $67,000k. I just finished my 3rd live and flip (staying for two years) and am currently lo...
Brandon Holtzinger
I am completely unprepared. Please help.
I have been reading bigger pockets and copying good articles, forms and tips into word documents. I have been listening to bigger pockets podcast and writing down important things. I have this stored on my compute...
Stephan Goodiwn
New Home Buyer and Hopeful Investor
Hello Bigger Pockets crew! My name is Stephan and I am currently serving as a Security Forces Major in the USAF. I am projected to PCS to San Diego after my time here in Japan is up in about a year and I am looking ...
Jeremy Hua
I cannot find a qualified tenant for my duplex, and it's depressi
Hi everyone, I purchased my firs time duplex last year in what I'd call a B- to C+ area of the Columbus, OH market. I've had at least 100 inquiries, but it's been difficult to find anyone that isn't a smoker, and has ...
Ellie Narie
Tax assessed value or appraisal value to calculate depreciation?
I just bought a house-hack 4plex in 2020. I don't have any other rentals. Filing taxes now, so just had a few questions.
1. When calculating depreciation, I heard you're supposed to use the assessed value based on t...