I'm in the process of purchasing a 4-plex that had a fire in one of the units; the structure is fine but it got me thinking. If a fire happens in a multi unit property and forces all the tenants to move, what is the l...

Hey guys I'm new to the real estate world and I have a question on Tax deductions when it comes to purchasing a single family home and renting out the rooms to tenets in the Baltimore area.I was looking into personall...

I know that the best approach is to get a CPA to look at your personal tax situation and help you make the best decisions, and I will do that, but a little education on my own is worthwhile and will reduce the amount ...

There are three issues around water utilities work that don't make that much sense to me. These issues are likely to get much worse due to the lack of investment of in water infrastructure and climate change in the co...

Hi,I am getting ready to make my first investment, and scouring through a few markets in the area for a 2-4 unit house. I plan to occupy one unit with my family. I have been mainly coming up with homes that will reduc...

Hello everyone,It seems that thinking like a Biggerpockets/Mustachian is very rare in daily life. This post is intended for those that have had a similar experience, those who enjoy seeing how others are working their...

I want this to be completely transparent for accuracy. I have not calculated my expenses yet but my W2 reported income was $73,380. I grossed approximately $13,000 this year on the rental properties. I understand that...

I am currently trying to flip a property in Dallas. I am going to lose money for sure, the question is how much. I am considering trying to rent the property out for 6-8 months if it does not sell within the next mont...

I've tried searching the forums, but couldn't find an exact answer to this question. Depreciation reduces the cost basis of your property, and has it's own, 25% depreciation recapture tax rate when you sell. So if you...

I'm working on my business plan, and currently working on my exit strategy part of the plan.

Ideally the exit strategy would be to sell of the house and make a nice profit.

Would a contingency to not moving a home i...