MIke Steuart
Boston Out-of-State MFH Flipper
Hi,
I have a complicated story, so bear with me. I was a civil engineer for 5 years, then switched careers to be an airline pilot. During the pandemic I was furloughed, so I renovated my house to studs using a lot ...
Leonid Sapronov
Partial 1031 exchange question
Hi everyone,I could probably figure this out eventually, but I'd like to get an authoritative answer. There's probably someone on here who can answer this in 2 seconds.Let's say I bought a rental property for $400k an...
Anthony Thompson
New AirBnB regulations take effect in Providence 11/30/19
In case anyone wasn't aware, Providence's new regulations on AirBnB and other short-term rentals will go into effect November 30th, 2019.See the short-term rentals page in the City's Planning department website for a ...
Jennifer Moraski
Recommendations for books/sites to learn about commercial leases
I have friends who purchased a 60,000 soft former apple processing plant that they want to rehab to turn into retail, storage and maker space. They've asked me to help be their commercial property manager even though...
Patricia Baker
How do you determine Rehab costs before purchase?
Hi I am looking at some properties that need some rehabbing. Some need complete guts. Is there a way to determine an estimate for repairs before you see the property in person. For instance avg price per sq ft for reh...
Richard F.
Recurring question about subsidized programs and discrimination
Aloha,Many locales have added "source of income" as a so-called Protected Class under Fair Housing. The predominate assumption is that a LL is required to rent to such an applicant. There are varying opinions on how t...
Kathleen Rosa
Question about SDIRA remodel
My SDIRA is buying a foreclosure. Can I hire a corporation that my son works for to do remodel work on the property, my son would be involved in some of the work? Company owner says yes it is allowable, because it's ...
Craig Lessler
Airbnb - Active or Passive - Deductibility of Losses Schedule C
I have a long term rental (SFR) which I converted to an Airbnb in October 2019. My property manager is acting as the host and we have already had multiple bookings.
Questions:
1. Is the Airbnb considered "Active" ...
Tom Wallace
Turning personal residence into rental property...
Hi all. Want first to say how much I appreciate Bigger Pockets and the wonderful advice I have received here..
I own 3 rental properties at this point. My wife and I have lived in our personal residence for the pas...
NA NA
Providing my buyers an interest statement - Help Wanted.
Hi, I'm looking for authoritative help in the area of providing my buyers with an appropriate/professional looking interest statement that shows what they paid in the past year from the purchase date (which was in 201...