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What would be a better option for the 20% down payment on a commercial property - using all cash or taking out a home equity loan or partial of each?Using all cash would hurt my reserves, but would be able to cash flo...
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It’s essential to purchase your first property with your own CASH to rake full advantage of the BRRRR method. True or False?
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I self manage a portfolio of 6 units and am wondering about the correct way to account for general expenses that span multiple properties as tax deductions. For example, things like tools or building materials that I ...
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Hey BP Investors,I wrote a blog post about the new IRS final regulations enacted January 1, 2014 and I followed it up with another blog post on a special requirement that some landlords may not be aware of - being tha...
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Hey guys, I have two duplexes as a new real estate investor of 3 years. My previous methods have been unorganized and I’m looking to improve my methods. Currently, I have tenants paying via Venmo/Zelle. I’m doing leas...
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I want to quickly start out with just a fast background, discovered Poor Dad, Rich Dad end of 2019, immediately hooked and mind set changed + blown of the opportunities in REI. Dived super deep into the research of ho...
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Hello BiggerPockets Community,I would like to give you a brief rundown. In July I bought my first 2-flat through FHA loan that is currently house hacking. My plan is to stay there until my year is up and move out. Dur...
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What are the pros and cons of vehicle expenses? Ive read there are two different ways to write off this expense. Actual expenses like car value depreciation plus insurance, gas, repairs, oil changes or the other opt...
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I have been getting prepared to present a seller financing package but I am unsure concerning taxes and the balloon payment. Will the seller have to pay taxes on the balloon payment? If they sell the property in form ...
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Hi everyone,This is my first post in the bigger pockets community. I heavily subscribe to the BRRRR process and looking for my first BRRRR deal. In the process I’m also looking to connect with Agents who are versed in...