I have an opportunity to buy a dilapidated house in Austin from a family friend it is near I-35N and Rundberg. I hope to tare it down and but a duplex or quad plex. I want I deal. Are Austin's tax assessments accurate...

Hi BP community,

I am negotiating a purchase for a 8 unit building, 2 stores and 6 apartments, and the seller does not want to provide schedule E for 2 years for the building. They had agreed to provide all leases an...

First, a very brief snapshot of my plan is in order: Buy and hold multiple small apartment buildings and hold each building in a series LLC. I said it would be brief! :)Funding for these will need to come mostly from ...

Hello BP'ers,I need some advice on which direction to go: with a starting capital of $125K, which is the most affective way to get cash return in a year or two? My goal (like everyone else) is to aspire to live off of...

My partner and I have an LLC in Ohio, and we own a commercial property that we rent to tenants. We have a mortgage on the property, which will be paid off in about 6 months.  We bought the property during a peak in t...

Can a 500 sq.ft garage be converted to a living unit(bath shower + small kitchen)? Are permits given? How much would be construction + permit cost together? Any good contractor referrals who can get it done for a best...

Good morning everyone,
My name is Kevin Carrillo. I have a 30 year mortgage on a 4 bedroom house in the Dallas TX area. I live in one of the rooms and rent out the other 3. After stumbling upon BiggerPockets on Youtu...

I had a property that burned down in a wildfire last week. I will have an insurance payout, which I will use to rebuild. For tax purposes, here is my general understanding:The land value on my books will be unchanged....

I have a question for the seasoned owners out there.  I am buying my first larger complex of 36 units.  I am wondering what kind of polices you get on buildings like this.  The current owner is paying $11k per year in...

What is the largest amount of tax you have seen owed on a property at these sales? - When you purchase, do you just CURE the outstanding lien and it becomes your property?