Paul Allen
From 1031 Exchange to Primary Residence
I am a financial adviser and some clients asked me this last night and I don't know the answer. Hoping y'all can help.Clients own a home (SFR) in South Carolina. The mortgage is paid and it has been a rental property ...
Steven Holt
Accounting for all expenses
Hi, Pretty new to BP, I want to share some ideas about due diligence and hear feed back from the community. Here I will show a list of all expenses and rates that I am currently considering for Single Family Homes,If ...
Joshua Dorkin
MAJOR BP Update Next Week! NEW: Closed Networking & Much More
We're planning on doing a MAJOR upgrade to BiggerPockets next week and I wanted to make sure everyone was aware.
1 - We're creating a closed network within the site for our users, so you can network privately amongst...
Kevin Hurney
Where do you put money that you use to invest?
My father has over $100k in 401k account with a local broker and is not happy with the performance. He wants to use the money to do fix and flips. What kind of account would be ideal for this money to be used for the ...
Luke Harrison
I made a good mistake!
My fiancee and I are long term buy and hold investors in a small market, and were looking to add another property to our portfolio. We have a private money investor backing us so we were able to make an all cash offer...
Melanie Baldridge
A post on recapture.
Newton's law of tax: What goes down must come up.
Everyone enjoys the sweet benefits of bonus depreciation, but what happens when you sell?
A post on recapture.
People are concerned about recapture when they cost s...
Sean Williams
Rental Property Caught Fire - What Happens Next? (Pics included)
First and foremost, thank God no one was hurt or killed!Thursday I got the call as a landlord you never want to get: "The house is on fire!"Naturally I had to do a double-take to make sure I heard correctly, as you ne...
CL Ziegler
Expenses, Repairs -vs- Improvements
Hi Everyone,On my last three tax returns my CPA surprised me by prorating several of my HUGE expenses, citing that they were improvements so the full amount can't be claimed on one year's return. (he diviede them over...
Ryan Schuler
HVAC system decision
A friend of mine is Trying to decide on a new heating unit. He said that he was quoted $10,000 for a Lennox unit with all new install, or $7000 for a York system with the same equipment that is there (which the sales ...
Jeff A.
New HVaC system. Average cost?
Write your postI just got an estimate for a complete new hvac system for a town home. (Heat-air and electronic dampening). $10,500.Investors, what are you paying in your area?