Good Morning, Fellow Bigger Pockets Members - I'm still somewhat new to the real estate game, and am looking at venturing into the (pre)foreclosure market. I am open to any and all advice. Two specific questions: 1 - ...

Hi, we converted our previous primary into LT rental in January 2022. It’s been rented since. Purchased in 2018 at $325k, it is now valued at roughly $410k. Is it too late to get a cost seg and take bonus depreciation...

I reside in NC, but my rental property is in NJ and in a NJ LLC. I am going to sell my rental and I am wondering if I will have to pay the Bulk Sales Notice or the Exit tax. Can someone please explain the bulk sales n...

I collected a hefty holding deposit from them a month ago to hold the place for them. Last night was our appointment to meet and collect first/last months rent, get the lease signed, and give them keys. Got it all don...

I just had to evict some tenants, and they told me that if I get a judgment against them, they'll "just file bankruptcy so [I] never see a dime."My first instinct was to laugh out loud, but then I thought, "Hold on--t...

NEW form 1099-NEC replaced 1099-MISC for contract labor THE DEADLINE IS FEBRUARY 1st! When, where and how?

The short answer is: obtain form 1099-NEC, fill it out, and mail “copy A” of that form to the IRS and to ...

I bought a three unit apartment building sometime earlier this year. Was just going to redo it and sell it.Hired some electricians to take care of it. After they inspected it, they gave me a verbal estimate of $4,500....

Recently found a property that has been vacant for 7 years. After discussing it with a few people on BP i was informed that i would probably need to do a short sale. What is the best way to find an Agent Specializing ...

Hello everyone.

I have a few quick questions about the first time home buyers tax credit. I am a college student looking for a place to live permanently until I finish up my last few years of college. Since the tax c...

Good morning BP, I wanted to get a quick heads up posted regarding the CARES Act and restarting courts for evictions proceedings. Toledo, OH (Lucas County) is on day TWO of evictions. Not only was I in the room to und...