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Results (6447)
Justin Summers Dealer vs INvestor IRS classification
4 April 2021 | 5 replies

I own a Real Estate C Corp that Flips properties.   I also own a construction/ design company that gets paid from the C-corp through a 1099 each year when I do construction or design services for the C Corp. 
Averagi...

Mike Smith Thoughts on short term rental near hospital
8 March 2016 | 11 replies

Hi,I've had this idea for a while now, just looking for feedback-advice-thoughts.Live in a mid sized city in the Southeast.  I guess we are a "regional" destination for many services and businesses, including an area ...

Account Closed Would you buy a Multi-Family with a lead water supply line?
19 January 2019 | 16 replies

Sorry for the double post, but I couldn't edit my last one.Would you purchase a multi family that had a lead water main if you didn't have the budget to replace it? The estimate to replace the one in my situation is a...

Kristin Boekhoff Practical Questions for Small Multifamily
25 November 2024 | 8 replies

I am about to purchase my first small multifamily (5-unit) property and plan on initially managing it myself. I have some practical questions:1) How often do you clean the common areas?2) How often do you do pest cont...

Dalton Dellinger What to do if termites are found during inspection
28 October 2017 | 10 replies

Hello BiggerPockets community! I'm a newbie who is itching to buy my first small multifamily to house-hack. I have never bought a house before. I am currently renting. I put an offer in on a duplex close to where I li...

Richard Jean I went a bought a house...now what [My experience thus far]
22 April 2019 | 18 replies

First contribution, long time consumer of BP content. About me: 28 years old, first time home buyer and  Floridian Nurse who plays OSRS.This project: I want to document and interact with the members of this amazing co...

Michael Moreno Seeking Advice on Amending Tax Return for Rental Property Expenses
8 April 2024 | 8 replies

Hi everyone,
I recently purchased my first single-family property in 09/08/2023 and converted two smaller rooms into rental units while occupying the principal room. I invested approximately $4,000 in furnishing thes...

Eric S. What to do with extra 1031 money ???
4 October 2015 | 10 replies

Question  I will have about 22k left over from my 1031 that I will either receive back and pay 15% taxes on. I owned the previous house for more than 1 year so that's why capital gains tax is that much in Ohio accordi...

Mauricio Ramos Tax advantage on interest only?
25 January 2018 | 10 replies

Hello BP,I am working on a deal with a seller willing to owner finance a 6plex. As part of my terms, i am asking for 12 months interest only at first and then start paying off the loan to the seller with interest. The...

Ian Berg 1031 from LLC to Personal? (Loan Requirements)
10 August 2022 | 3 replies

Hi BP, I'm currently selling a single family home that I hold in a 2 member LLC with my wife. It was originally purchased under my name as an individual. We are purchasing a 4 plex with the 1031 proceeds combined with...