I've been trying to work out a deal with a land owner who would like to sell off a parcel of land in order to reduce is debt. However, He still has a loan on the property. If I buy the parcel from him, how does that e...
I heard on a YouTube video that in order for you to move out of your 1st house hack after you've lived in it for a year, you need to have 25% equity in the house for you to move on to another house hack. Is this true?...
Any help would be appreciated. I have a tenant who hasn't paid rent since March. They have notified me that their income was reduced due to Covid-19. They sent me an email stating that ”they know their rights and do n...
As a lot of consumers may not fully comprehend what determines their insurance rates, I'd like to offer a concise explanation of the factors that come into play: Insurance companies are profit-driven businesses that p...
Good Evening Bigger Pockets!!I have a question regarding a wholesale deal. I got a phone call on a property that is currently tenant occupied. The owner of course, feels it is worth much more then what I can get on ...
Looking for recommendations on a knowledgable tax professional or CPA with creative (yet totally legal, seriously) approaches to help me reduce my tax burden (which has been pretty crushing here in beautiful Californi...
Hello Everyone!I'm a buy-rehab-hold investor focusing on sfh's & multi-family buildings in Chicago for the foreseeable future. With my own sweat equity, I rehabilitated a single-family in the past and flipped a f...
I just bought a triplex in Bemidji MN. I work full time, my wife and I file jointly around $110k income.The house cost $168,500. If I have a negative cashflow on paper or IRL this year, will I decrease my taxable in...
BP members!! Advice is needed!
I am a new investor with one property under my belt already, but I am looking to obtain a new property through creative financing options. I want to approach the owner of the home with...
I own a 3 family and currently living in one unit. I was thinking what if I got solar panels installed and put them on the landlord meter and just profit off the sun? Has anyone done something like this before? It wou...