Ray Melendez
Damage after Eviction
I'm looking for feedback.We have a quadplex in the Atlanta area where one of the units had gone through an eviction process that took forever (about 3 years). The tenant came with the purchase of the property. The pro...
Armin Shivazad
Depreciation from individual to partnership/LLC
Hi all,I had purchased a long term rental in 2022 with myself and spouse as the original owners. We took the depreciation on our personal tax return in 2022. We transferred the title of the property to an LLC where bo...
Tomas C.
Washer/Dryer hooked up to unit
Hello everyone I was looking into purchasing a quadplex rental and after inspection finding out that the coin operated washer and dryer was connected to one of the units and one of the units was paying for it all. I w...
James Ross
Competative Market Analysis for Rent
Hello Bigger Pockets!I've been researching how to get decent comps from various online sources (realtor.com, zillow.com, trulia.com, etc) when looking at potential rental properties. I found a rundown on what goes in...
Polina Ryshakov
How Inflation Effects Residential Real Estate
Signs of inflation are everywhere. The sticker shock is real: From grocery stores to gas stations, you can't escape it. And there are good arguments on both sides of the ‘will inflation stay or go?' debate. In fact, ...
James Boreno
Do I have to pay Capital Gains?
Hello BP Fam,One of my SFH caught on fire and I'm in the process of selling it to a contractor. Had a quick question.I purchased the property for $500K about 10 years agoI'm selling the property for $575K with the Fir...
D Mack
NO Comps to be found
I know this may sound like a silly question. But what do I do when I can't find any comps for a particular property. Ive went sales in the past 6 months. Then i stretched it out to sales in the past year. I had a real...
Dina Harleth
Are gains from sale of the primary residence taxed at capital gains rate or ordinary income?
I have always thought it was at the capital gains rate, but someone today told me that the gain on the sale of a primary residences is taxed at the ordinary income rate. Can someone clear this up for me? Thank yo...
Nathan Mount
STR application appeal process Chicago
I recently applied to get to approved for STR in the city, for my legal basement apartment in my 3 flat, and was denied since the unit isn't my primary residence. I live on the first floor and figured I would get d...
Rick L.
9yr Arm, 5yr Balloon???
I have made a connection with a commercial lender at local community bank. After speaking with the commercial lender, they're willing to offer the following loan vehicles with as little as 15% down payment. I have ...