Hello BP,I have a question for everyone who has experienced a market decline in their local area. Say I am investor with 20 units and those buildings decline in value by 50% over a short period of time. What happens t...
Hello,First I would like to say I am new to Bigger Pockets and this is my first post. I have been reading and learning here for a bit and for that I say thank you to all.I live in California and purchased my first si...
https://www.cbsnews.com/boston...Some of us knew this was coming. As sales prices skyrocket and mortage rates increase, fewer people can afford to purchase a home. This increasese the competition for rentals and drive...
Experts/ Landlords, please let me know your thoughts.First investment property and new to real estate as well. Long term goal is Property Appreciation.Brand new single family home with 3000sqft (+ additional 1200sqft...
Is there a limit on the amount of expences a landlord can deduct from taxes per year? Such as replacing things that are coming up due, such as floors, siding, and windows?
Hi All,
Long time lurker here. I have read dozens of posts about REP status and it's still clear as mud to me. I am hoping someone educated can chime in on my specific situation.
I am a high income earner, owning a ...
I am first time home buyer in North texas and my closing is a month away. I am on the fence now worried about recession, job losses and depreciation in near future.
I know it is difficult to predict the future. Doe...
I am planning on renting out 2 rooms in my 4 bed primary residence on Airbnb. These rooms are not furnished yet. I was wondering if I can deduct the taxes on furniture that I buy to furnish these two rooms.Thanks in a...
BP Community,I'm preparing to close on a rental townhouse next week. The double-pane window seals are worn and the windows fog in between the glass (I understand this is not uncommon). Is this purely cosmetic or is ...
Properties generated $110K last year, I stopped at $120K losses before even going into expenses. I don't want to dig through expenses and itemize all that crap since I'm already at no income. So do I even need to file...