Jessica Swingle
Buying my seller's note directly from bank...does this happen in the real world?
Hello Note Friends,
I think I know the answer to this one, but thought I would check first so I can provide the owner with the best information possible:
Seller calls me to help him wholesale a renta...
Irma Vazquez
FSBO of Chicago mixed use multi-unit property
Wondering who has had experience. I expect to pay premium attorney closing fees. And I plan to work my network in this FSBO exploratory phase. However, are the transactions easier with no agents or what if the buyer...
Eric Tomlin
Tax question re: sale of fire damaged rental property
Good day experts. I am trying to understand the tax laws and determine my tax liability for a rental property that I have sold in 2018. The uniqueness of this transaction is in the fact that the property suffered a fi...
Anthony Campanello
How can I determine which financing option is best?
Hi Everyone,First post on BiggerPockets so I hope I'm not overstepping with the question.I am trying to compare two financing options for a 4-plex in NJ. The property itself is a vacant 4 unit that, after rehab (~$125...
Anh Vu
Just hiring a property manager
Hi, new landlord here :)I move out of state for 3 years and decide to hire and property manager for my vacant property. He did a good job finding tenant, however, he wants me to sign a revised contract, asking tenant ...
James Landon
Considerations when renting to family for no or low rent
I'm thinking about allowing a relative to stay rent free (or significantly reduced) in one of my rentals. Is there an ideal way to go about this from a tax perspective? I want to make sure that the property continue...
Zachary Lee
Best Starting Points For MultiFamily House Hacking
I am looking to start my real estate career I’m gearing for mid 2021. I wanna just gain some tips and start points for house hacking. Also any points and tips about becoming a landlord would be awesome!
Jacob Lindgren
Utilities in the 'grey-zone'
Hello everyone,
I am closing on my first rental property the first week of next month. The property is in an area with moderate to high demand for rentals. The property also only needs minor updates and a couple appl...
Julio Gonzalez
Useful life classifications for Cost Segregation and Bonus Depreciation
A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental property or nonresidential ...
Daniel Saunders
Anyone using a Virtual Property Manager?
Has this worked well for you and who would you recommend? Some areas it's tough to get a local property manager so I am trying to find a solution. If there is one.....