Okay so my wife and I are flipping our very first property. We got a older craftsman style home in a very desirable neighborhood, filled with homes like this one. The issue is that its basically all 2 prong electrical...

I bought a house in Costa Rica, using partially money from my 401k through a covid distribution, which meant I escaped the 10% penalty but still am liable for income tax.I'm 59, and took out approximately $200k.  This...

Hello,

I wanted to ask if an investor can get away with poor credit? I was talking to a loan broker telling him my situation but he says that most people don’t like to wait and could work with scores as low as 500 bu...

Good afternoon bigger pockets,Currently I'm debating on getting a 10unit complex all 1bed/1ba.  The income is great and is within market for my area.  The current owner only has one gas meter, electric, water and sewa...

I just bought QuickBooks Pro 2017 and ran into a snag on the first page! I have three rentals at the moment and flipp for my day job. What industry should I pick? Should I set up two companies in quickbooks? Are there...

I have read that if you charge reasonable rental and treat the tenant as you would any other tenant, you can possibly rent a property you exchanged into to a relative. Could you rent the property to yourself? I have s...

Hi all,I am working to get my first property under contract (currently a SF, the other MF offer wasn't accepted). I want to make sure I am looking at all the right things once the property is under contract to ensure ...

Hi everyone!I am considering buying a mobile home to place on the land I live on. Is this a good idea? What are some pros/cons and other stuff to pay attention to for mobile home rentals?

So say you've been depreciating a property for 10 years.   Year 11 rolls around and you completely replace the roof.  Does that just increase the remaining depreciable balance (basis) for 17.5 years?  Or do you deprec...

No.  It might for a short time, but oil has fallen from $115 to $49, companies are already cutting back on projected production spending.  They will cut back more unless oil suddenly rallies.  In four of these states,...