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I am about to purchase a town home to rent out. This will be my first property that I have ever rented. I am wondering do I carry the same type of insurance as I do for my home? What about home warranty insurance, is...
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With the new tax law, our primary residence mortgage interest doesn't have tax advantage anymore to my understanding. I however own other investment properties , and there is one that is actually paid off. Would it ma...
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Hello All,Firstly I only deal in flips. On all of my previous flips I exclusively use cash (helps me get properties and avoids all of the mortgage related headaches that come along with closing).I am exploring two dif...
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Screens on the roof, not approved for installation. There’s four across the roof
—Hi all, I am going through an interesting experience with one of the properties I own and could use some advice.
One of the propertie...
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Hello Bigger Pockets Forum!
My husband is active duty military. We're both Florida residents and bought our single-family primary residence in 2021 in San Diego, CA with a VA loan. We're scheduled to move to Japan fo...
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How do you determine the the tax rate for depreciation recapture? When you recapture the depreciation when you sell a property, is the recapture tax rate based on your ordinary tax rate at that given time? For example...
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Me and my wife bought a house in Philadelphia in 2016 when we were renting a condo in Maryland. We managed to sell the house in 2019, then immediately used part of the proceed as down payment for our new house in Ma...
Hello everyone a complete newbie here, and about to close on a property soon. I was wondering if anyone had any advice on keeping track on income, expenses, Net operating expenses, Net operating income. I've seen some...
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I just sold my investment property to a non-tenant third party. My property manager is now claiming that he is entitled to 3% of the sale and is withholding my finale rents and money owed me as partial payment. He is ...
Hello BPers! This is my first post since becoming a member. I'd first like to thank everyone for being so forthright with your experiences and helpful advice for newer RE investors like myself. My questio...