My wife and I are finally getting started with rental properties after months of research and a lot of property hunting. We're going into contract on two duplexes, with one in her name, and one in mine, for financing ...

Hi BP sleuths!I wanted to share this tax question here, I was hoping my accountant could help but he didn’t seem to have much advice about this. I’ve got some choices to make about depreciation on a rental property, a...

Please share good and bad lessons learned about setting up an optimal business structure to buy a first rental property but be ready to scale to 5, 10, 20, and more in multiple states. What would you recommend? Those ...

Hi all,
I recently purchased a home for $227,000 in Mantua, Philadelphia. The home was a full rehab and I bought it with everything brand new. My current tax assessment is around $54,000 and annual tax bill is around...

Hi BP!I am having trouble finding a good explanation of what constitutes closing costs. What factors effect the amount of the closing costs? Is it based on the sales price of the property or the amount of the loan? Is...

I am using private money for a purchase. The person lending me the money is a friend. The reason I am using his money short term is to get on the deed and own the property free and clear (on paper). After two years...

Hi everyone! I hope that you are fine. I am new in the Biggerpockets website. I have a little question and I didn't find the answer anywhere else. Does anyone knows what is the interest rate that the government takes ...

Hello Everyone!!!I hope all is well. I have a couple questions about the calculation of the debt to income ratio for qualifying for loan.. I am currently living with my girlfriend and she pays for some of the househol...

Anyone invest in 4-plex, 6-plex in Chicago south suburb? I came across few listings that look good on paper. For example, one 6-plex list for about 80k, and market rent is around $800/month /unit on rentometer.com. De...

Hello BP,I am trying to understand how property taxes work in Columbus to better analyze property. From the government website, " Ohio law requires counties to revalue all real property every six years with an update ...