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Hello community,I have researching on benefits of long-term rental, and a bit stuck on requirements to be full time real estate professional (the 700 hours) if one has to be able to take tax advantages. If I cannot ge...
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I'm new and interested in purchasing my first property as a long term rental in the next year. My plan is to get a conventional loan for 100k and purchase out of state. It seems like a turnkey property would make sens...
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Hi BPers! I have some short-term rentals, and occasionally, a few of these have turned into mid-term rentals when rented out for several months. I appreciate the ease of management that comes with mid-term rentals, bu...
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Hello,
I am a buy and hold investor. I have private lender who has given me mortgages on about half of my properties. $410,000 over 8 years, payment is around 6K monthly. I have life insurance with him as the bene...
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I want to start investing into section 8 housing, and I have heard a lot when it comes to cost segregation and the effect that it can have on one's taxes throughout the year. I want to know if there is a point where t...
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I recently bought a new property and started renovation with a contractor. I plan on selling it and using the funds to buy another property to renovate. I was wondering if anyone has started an LLC to flip houses and ...
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It recently dawned on me the idea of a non military affiliated individual assuming a VA loan, would this individual be able to then also gain the benefit of using an IRRRL since they have now acquired a VA loan throug...
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We want your feedback about what additional features you'd like to see in our BiggerPockets PRO accounts.
We're working on a few things for the future, but we want to know what YOU would get excited about.
Thanks!
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I’m looking at a McKinney TX property that was built in 78 and sold for cash in 2018. The tax assessment is at 75k and did not reset when it was sold in 2018 for 200k. He put a lot of work into it, I am looking at pu...
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So I was trying to do a deal subject 2 in a lien theory state. The seller owes 35K on the mortgage, property value is 65k. And the seller wants 65K. So if I buy the property, then the seller will continue to pay the m...