Jon Barnier
Newbie here, best way to classify rental for tax season
Hello! I’m new to investing and live in the Seattle area. We purchased a second home this year with the intention of renting it out whenever we aren’t using it. I know there are specific rules as to whether you can cl...
Justin Lovelace
Capital Gains on Sale of Primary Home and invest in Business?
I could not find this answer anywhere. Process of selling primary residence, but instead of investing in another property, we are looking at purchase a small business instead. Is this possible to delay or nix capita...
Don Solt
Tax Filing Advice for Family Member Living in a House (TurboTax filer)
Sorry in advance if this has been asked 100 times. I used the search feature but wasn't successful in solving my problem.My sister-in-law has been living in one of our houses for 2023. She covers the mortgage, that's ...
Jeremy Sanderson
Opening a HELOC on a rental property to finance the next for BRRR
Hello BP. Would having a second HELOC on a rental property in order to BRRR another property have an effect on my credit score? My specific situation is one where I just tapped about 80% of the HELOC on our primary ...
Binyam Tedros
Refinance to Add Units or Buy Another Property?
My parents are refinancing thier home to use the money to create cashflow and would like some input on what you would recommend on doing. The house is in North Seattle (Shoreline) and they can pull out $540,000 cash b...
Hac T.
Buy If I Can Afford It? Or Would I be Trying to Time the Market if not?
I have enough money saved up to put 20% down on the average home where I live in San Diego. I am currently living with parents so it'd be nice to purchase a home and move out. Ideally, I would rent out all the other r...
Dan Gandee
Understanding Cash on Cash Return Is Your #1 Priority!
When I first got started in this business my mentor said "Start with the numbers and be an expert at spreadsheets!" Boy was he right...This game is more underwriting than anything. It doesn't matter how much money you...
Lauren Samford
Should I sell or rent out my property? Need serious advice!
I bought my house 5 years ago with the intent to live in it for a few years and then turn it into an STR. Unfortunately, recent regulations have made it so that I can no longer STR in my neighborhood. I have about $25...
Pradeep Velugubantla
New to BiggerPockets
Hi there,I'm new to BiggerPockets and real estate investing.As I start searching for investment houses, I am considering registering an LLC (I'm not quite sure if that's the right. Do you know which state would be be...
Raeshelle C.
Can a MA LLC be an owner of a RI llc?
I'm going into a partnership with someone who lives in and invests in Rhode island. We want to buy a rental property together and the property is in RI. So if we create a RI llc to buy the property, can I put my MA LL...