Paul Winka
Property in service, and how to deduct repair costs now?
I just bought a house in my name that I intend to rent out. I paid $46K for it and closed on 14 Nov. It needs around $35K in repairs, and those repairs are ongoing now and should be finished by 25 Dec. I would like to...
Brandon Turner
Only Hours Remaining to Lock In Current Prices on NEW BP Pro Accounts! Ends at Midnight Tonight.
Only a few more hours remain until monthly fees increase for all NEW BiggerPockets Pro and Pro Basic signups.
However, anyone who has signed up for a paid account before Tonight at 12:01 AM will remai...
Tyler Speelman
Residents found a house they want to buy and want to break lease
Hello,
Resident wants to break lease because they want to buy a house. I told them no.
Their lease expires April of 2020. They then asked to leave in January, but also pay the balance on the remaining months on le...
Jeffrey Duck
Accepting a tenant with an eviction
I'm looking for my first tenants right now and had come to the conclusion that I wouldn't take ANYONE with an eviction, but I may break my own new rule.I've also decided that I want long term tenants and I'm not going...
Mark Koster
Apartment Syndication vs. Turnkey Single-Family Rentals
I know this has been asked in the past. I've read through those posts and am looking to update the discussion based on current market conditions and get some advice based on our specific circumstances listed below.
W...
Joseph Atkin
When is it ok to contact the borrower, as the holder of a NPN?
I'm very new to the idea of investing in notes generally, and I have a question regarding non performing notes specifically: I feel like I heard/read somewhere that it's not legal (or not ethical?) to directly contact...
Richard Warren
Soros sees no bottom for world financial "collapse"
NEW YORK (Reuters) – Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.
The rest of...
Hugo McBride
Let's say you won the lottery ...
How would you invest say $800k?[...it is a smaller more winnable lottery ;) ...]I often ask this question to friends to show them that one does not have to wait to learn and have a strategy. This time I'd like to ask ...
Kenneth Sok
Painted popcorn ceiling? Keep or remove in a rental.
Just closed on my 3rd rental. This beauty was built in 1977.I learned today how much "fun" there was in trying to peel off painted popcorn ceiling. It definitely doesn't want to come off easy. I've already taken out a...
Jon Borowski
Have parents take home equity on their home to finance rentals?
Hi everyone. I'm thinking of approaching my parents with the following scenario. I have a feeling they would be okay with it due to my work ethic.I live in the NY Metro area and want to get into real estate investin...