James Madison
cash bought Primary residence to rental; capital gains and costs
I've read through 10 pages of threads on conversions trying to answer my questions and haven't found the answer I'm looking for.
Here's the background.
Primary residence (from 2011) purchase price: $10k...
Kristi R.
Dragging my feet or educating myself
I am naturally an anxious person and worry/plan out A LOT of things, trying to be prepared for surprises. I know that investing and, real estate in particular, is full of the unknown, especially for a newbie. I defi...
Ray Thorsen
What do I do if my old tenants don't close on there house.
I have a tenant who is buying a house and moving out of mine......I hope. They were supposed to close 3 weeks ago and are due to move out April 10. I have a tenant ready to move in may 1. If they issued notice and ar...
Eva Taylor
Lease wasn't signed correctly and tenant always pays late
I am a very new landlord. We bought our house turned rental nearly three years ago this coming summer. Last December my husband's job was moved 150 miles away so we had to relocate. We didn't want to try selling our h...
William Mccurdy
Depreciation method preference
MARCS or straight line depreciation. So as I understand it if I use MARCS I will be on the hook for more in taxes when I sell the property vs straight line depreciation. Still with that in mind what is the preferred d...
Rochelle Ray
How to finance first purchase in college, only 20 yrs old?
My oldest son and his younger brother want to buy their first rental property while they are in college. They can use it as their dorm and rent out to several roommates, too so that they can live rent free and have ...
Akar Pokhrel
in need of your help gurus!
I am a first time investor. I need your help in regards with this deal, any help from you guys would be much appreciated please and thank you!!3bed/2bath/2car with 1500 sq.ft. asking price- 95k (will offer 80k and wor...
Altwon Simmons
What if I don't "buy it right"?
Hello brothers and sisters of BiggerPockets👋🏾. I have a situation I'd like some help with. I sent my very 1st letters out and my mothers neighbor (a duplex owner) is welling to sell. The problem is that his asking pri...
Drew Denham
My first eviction!!! Help ????
Hi all,
Would an experienced investor in Michigan be able to help me through the process of eviction? I read online the tenant is served a 30 day notice - what does that note include? Reason of the eviction and the ...
Guy Azta
Interested in insight about syndication, crowdfund platform funds, DSTs performance
Hello BP world,Been away for a long while. A bit background: I've been investing in real estate for approx 10 years now and have a small portfolio of single families and multi families. While it's doing ok in aggregat...