I was unaware that I would have to pay taxes on depreciation when I sell my rental property whether I claimed it or not...which I haven't done for the two years I have owned it. So now I'm trying to figure out how to ...
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Hello Group,
I am reaching out because I was able to purchase a single family rental, and a house hack duplex this year. I feel this is a pretty good step in the right direction, I'm excited! The next issue is that ...
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Help BP!
Got an offer accepted on a 3-unit which I will owner occupy on an FHA loan. The PITI should run about $1600/mo.
My only other debt is my student loans which will come due in June. Those payments should be...
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I have a single family home used as a student rental. I have a tenant who signed a two year lease but wants out after the first year. I had something pop up in my brain after talking to her as to whether I could act...
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Hi BPers, here is my situation hopefully you can give me some guidance. I own a 3/1 sfr that I bought in 2015 for 112k (owe 100k) and lived in for two years then rented out for the last year. The tenant is moving out...
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Hello,I have a situation where my tenant ( Joe ) moved into apartment (A) 2 years ago, previous tenant from that apartment ( Christina ) moved out of that apartment (A) to my another apartment (B) , now Christina was ...
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Hi!We have lived and owned in our current home since Aug 20 2013. We have just purchased another home to move into. I understand you have to lived/ owned the home for 2 out of 5 years in order to be eligible to be exe...
Hi Biggerpockets, long time podcast listener, first time poster.
I've decided to start my investing journey with a duplex house hack. I've spent the past few years building my credit up (currently 730) and my bank ac...
Purchased a home 9 days ago. On day 7 we noticed sewer coming out of the clean out. The house we purchased was in an estate. From what we can gather the house has been empty for over two years. Who is responsible for...
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Hello all. I need some advice. My goal is to get into flipping with in the next two years once I build up a bit more capital. In the mean time I have enough for a down payment to buy a property and rent it out. I am w...