Need to estimate rehab costs or calculate ARV (after-repair value) on a property? For new investors, these tricky tasks can often make or break a deal. But, as always, our hosts are here to deliver some helpful tips!
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So I am in a dilemma should I as a new wholesale real estate investor start an LLC to hold my properties when flipping the contract or should I go ahead and get my Real Estate license?
We're doing some planning for next year to reduce taxes and I was hoping some of our more astute investors could give me some ideas about generating large depreciation expenses to reduce passive income. The following...
I am hoping to get some help on a situation we are looking at and would appreciate any input! I also understand that this is not tax advice and I’ll will be working with a CPA.My wife and I are looking at purchasing a...
Hello folks!Can someone tell me if I am thinking of depreciation and write-offs in the correct manner for rental properties? I was trying to envision a scenario where someone could potentially have (close to) $0 tax l...
Hello BP community!I was visiting the county assessor site for my first property because I was trying to learn how to determine depreciation. I saw something I need help with. In case this is germane to the explanatio...
Hi everyone,
I am currently new to real estate investing, and like many of you, have learned a bulk of what I know through BiggerPockets. Listening to the podcast, reading the forums, and doing my own research have m...
Hello everybody, I am putting together my first deal- a century home duplex. They have recently dropped the price to 65k. I am making an offer of 50k. All of my numbers in the analysis are based off of this 50k purcha...
Could someone please explain the mortgage interest limitations in the case of a NYC Co-Op owner?
For example:
Co-op has 100 units and an outstanding underlying mortgage of $20,000,000 ($200,000 per unit allocated). ...
Summary question: How would you allocate by extra money saved from my paycheck by percentage between 1) stock piling cash for a 3rd rental property 2) paying down existing mortgages ( I currently own 2 mortgages that...