Cristina S.
Need urgent help! Am I chicken?
Hello,I need some urgent help - thank you so much in advance! We are in the process of purchasing our first rental (buy and hold), getting ready for home inspection - but we are thinking of dropping out. Should we? T...
Yahav Caine
First deal - estimating maintenance and repair costs
I'm in the middle of a negotiation of my first deal. It's a 1963 multifamily 4plex brick building. Total of approx 3500 sf. This is a low income neighborhood, I'm not sure if some of the tenants are section 8, I'll kn...
Chauncey White
Commercial loan process
The Commercial property itself for the most part qualifies for the loan vs. the fico score of the borrower with residential property.
You are able to obtain NON-recourse financing (not personally liable) for commerc...
Kristian Orphe
First Investment Property Advice
Hey BP Community,
I was hesitant to ask at first but after reviewing a lot of other posts I thought I would just come straight out and ask for help. So about me: I'm currently finishing my bachelor's program for Busi...
Larry Flanagan
Tenant Improvement Costs for Office Space
I am looking at a small 25 yr old office building for investment purposes. I am trying to get some realistic figures for tenant improvement allowance and frequency. Has anyone here analyzed this? I have talked to a...
Jonathan Small
How to account income from multiple properties on a single 1099
Scenario: I have 3 properties managed by on property manager. I receive one 1099 for all properties at the end of the year. I am using a CPA to do my taxes. How should the tax return capture each property separate...
Donald Bandy
New member from Las Vegas
Lived in Vegas 22 yrs, I'm 32 and tired of working for people with no "real" freedom in sight!! or any decent "for sure" retirement security......Interested in Residential Holdings: Condos/ Single Family/ Multi's......
Cynthia Hartley
Should housemates' rent be claimed as income?
Hi all,Can/Should a homeowner with housemates claim the income (rent) and a portion of expenses (landscape maintenance, cleaning service, utilities, home repairs) on taxes as a business expense, if it is the homeowner...
Peter Doran
Airbnb rental interest and tax deduction
Hi, got an extension of filing since getting bogged down with details. I have two residences I airbnb out (whole house) when not there. My expenses far exceed my income and so I'm getting limited on many expenses. Can...
Bruce Dykstra
Renters insurance: tenant personal property and liability
Hi All,
I am using the Bigger Pockets lease for MA residents. There is a clause about renter's insurance (#19.B). My question is, do other MA landlords require tenants to get liability coverage in addition to coverag...