Fabiola F.
My CPA & I are in a debate about how to categorize reno expenses
This is a case of where my accounting MBA background plus what I read online is in conflict with my CPA's knowledge. In filing my business returns (S-corp), my CPA seems to think that renovation expenses should go in...
Jon Christian
Lending hard money loan, need advice
Hi all.
My real estate agent buddy, whom I've known for a long time, wants me to loan him $7500 for a max of 45 days to pay off his contractors while his investment property flip closes. I don't have any reason to d...
Alejandro Lisson Ramirez
Newbie question on inspections
Hi everyone,This is newbie question about property Inspections. Currently, I am out of state so it is not possible for me to visit the properties and I need to trust the property inspectors.Few weeks ago, I was planni...
JaNarria Johnson
can you wholesale a short sale?
Hello BP, Please excuse my ignorance, but I have a potential deal. The homeowner has been not paid the mortgage in 2 years and the property is in great condition, it is in a prime location and would be a steal for som...
Bryce Stclair
Opportunity Zones in Clarksville TN
Has anyone created a qualified opportunity fund (QOF) with a corporation or partnership and successfully invested in a Nashville Tennessee or Clarksville TN? It seems like a great program and I was really excited to s...
Steven Young
House Hack: FHA or Low-Down Conventional
Hey guys, quick question for you. I have been planning to house hack a small multi-family for quite some time now, and have a question about strategic financing.My question is: If I only plan to live in the property o...
Jordan Sitzler
My rental needs some foundation repair, trying to sell
I'm posting in the buying and selling section because my rental is on the market to sell. Inspector came back and said that my house needs some attention underneath and that it needs to be done before selling. I had...
Derek Grijns
2% Rule
I am fairly new to Biggerpockets but I have been reading books, listening to webinars, podcasts, and following the forums. I just cant really grasp the idea of the 2% rule and why its even called a rule. I understand ...
Mark Cios
Using a 1031 Exchange
We are looking to sell our house that we have owned for a little over a year and a half. We have been presented with an opportunity to buy a family members 6-flat and really want to go through with it. We are looking ...
Jason Dillard
Cost Segregation
30k in cost segregation just saved us 400k in income tax this year! If you own property valued at 400k each and up and pay income tax, I strongly recommend it.