Account Closed
Are we in a bubble or is this market permanently changed
Prices keep rising... it's a sellers market... signs of a bubble are pervasive but.. is it a bubble or has the market changed permanently.... thoughts?
Todd Willhoite
Tax implication of having my LLC manage rental held individually
I am purchasing a rental property in my own name in order to get conventional financing. I have an LLC with rental property in it. It would be easier to keep track of expenses and in renting the property to tenants ...
Marc Winter
COVID--Unintended Consequences--Unexpected Benefits
COVD: unintended consequences, unexpected benefits
In NEPA (Greater Scranton PA area) the market was starting to heat up in November 2019. By January 2020 it was cooking—really moving along nicely—better than in man...
Matthew Defore
Furnace & AC blower unit
I have two properties with furnaces and AC outdoor blower units that are approx 20 years old. They are still performing at this time. Should I wait until they fail before replacing? Or should I replace them now befo...
Mauricio Botero
Philly Realty Transfer Tax (x2) when buying from a wholesaler?
As we already know when you buy and sell property in Philadelphia, there is a transfer tax you have to pay that comes out to about 4.2% of the purchase price of the property. https://beta.phila.gov/services/payments-a...
Kristopher Stovall
Looking to Connect with Folks Interested in Cleveland Ohio
Hello!My sister and I are new members of the bigger pockets community. We have enjoyed listening to the podcasts, and consequently developed a niche finding distressed sellers in Cleveland, Oh. Wanted to receive opini...
David Galea
I was tricked into buying a home "as is"
I put an offer on a home without knowing it was " sold as is" until the last minute and my real estate agent pressured me to make a decision without explaining the consequences of no contingencies. Later i found out t...
Matthew Tanis
When to begin eviction process
I recently purchased a duplex with 1 long term tenant, 1 shorter term. It's in a recovering area and rents are reasonable. Our short term tenant had a third party paying their rent before, but this is the first mont...
Trevor Kezwer
Canadian Tax Lawyer - Introduction
Hi All,
I just created a BiggerPockets account, and I am a tax lawyer located in Toronto, Canada. If anyone has investments in Canada or is considering making investments in Canada, feel free to reach out!
Thank you.
Brenda Lee
Rental Property Depreciation Expense
My business partner and I bought a rental property and split everything 50/50. She is using a tax accountant to file her taxes and I am using Turbo tax and I noticed there are differences with the way we are filing f...