Jacob D. Lange
Tax Deductions on a New Property???
New Investor here, in contract on my first rental property.
If I do not have any revenue related to the property in this fiscal year, can I still take all the legal deductions? Do I have to wait until I can show rev...
Account Closed
replacing shingle roof
I need to replace my shingle roof--it's on the 13 year of a 12 year life.
What questions should I ask roofers regarding their estimates?
This is the first roof, and I plan to have the new one put on top of the existin...
Vinvi Gucci
Best way to end a partnership
All, Looking for advice, suggestions to resolve a partnership. Here are the facts. Please bear with the longish post.A friend bought a property for 140K to rehab and long term rent in Sept. 23 using a HML. The loan wa...
Account Closed
Looking to make second purchase
Six months ago, I purchased my first rental property. I obtained a traditional mortgage on the investment property, but have since paid that off when I refinanced my primary residence. So I have an investment property...
Mary Jay
how to calculate the tax after a sale of a rental
Hi guys,Can you please help me out?I am in a 30% tax bracket (not sure if this is important)I was thinking of selling 2 rentals.1) Rental 1. Bought in 2009 for 25K, now its 100K2) Rental 2.Bought in 2021 for 145K, no...
Fitzgerald Hall
Real life of a NEWBIE investor
Real life of a newbie investorI've been inspired by Account Closed post, "real life of a real estate investor". With that being said, I believe there's value in sharing my journey with other newbies. I will begin givi...
Michael Ohman
Experiences with particular Cleveland brokers??
Hello everyone, not sure if this is the right place to post, but here it goes. I am a newbie investor, but a newbie that is ready to get off the bench immediately and start making progress towards my goals. I am looki...
Karl Lathus
Started my first flip in South Holland IL- looking for another
I am very happy to say that i started my first rehab this week! It is located in South Holland IL. I am looking to keep things moving as soon as i get done with this. I should have the capital to purchase my next one...
Austin McClain
New member from Sacramento / Elk Grove, California
Hello Bigger Pockets community!My name is Austin McClain, I have been a member of BP for a few months now and have logged in from time to time to read articles and find helpful information. After months of listening t...
James Lemon
Residential Real Estate Broker/ Teacher
Hello from Louisiana! My name is James. For the last ten years I have supplemented my teaching salary by selling Real Estate. Last year it dawned on me that I was not maximizing my sphere of influence and time in RE. ...