Timothy Lewis
CPA vs. RE Accountant vs. RE Attorney for Tax Planning???
Hello BP World!When it comes to handling Real Estate tax, I consistently hear 3 different titles of tax professionals/specialists thrown around: RE Accountants, CPAs that specialize in RE, and RE Attorneys. I'm lookin...
George Ramsay
Rehab Loan/ How does this work?
Hello everyone!
Im currently trying to figure out how a rehab loan works in todays market.
Im trying to short sale a property with an ARV of 160,000
Ive got rehab costs at 55,000
I would Payoff the current lender at ...
Andrew Christie
Probate Fiducaries
Hello fellow BPers!
I'm trying to get things going with probates and it's been a slow start. It's not necessarily the easiest thing to figure out. Anyway, when I go to one of my local courthouses, they can gi...
Brandon Schwab
Story of opening a 16 bed assisted living home during COVID-19
It’s cold outside so sit down by a fire and enjoy a story, a story that is full of twists and turns that at times made my head spin. My longest post ever. This story begin in 2015 when this gorgeous 18,000 sf home on ...
Ryan Bird
Rental listing - what to avoid
Trying to see if there are things I should avoid saying in rental listing. Can I say the “unit is close to Costco , short drive to university and walking distance to park etc”. Any best practices for rental listing to...
My Nguyen
House Hacking Tax For Primary Residence
Hello Fellow Investors,I'm a newbie. Do you have any tips and guidance for House Hacking Tax if I rent out a basement and the master bedroom in a 3bd/3ba house. What can you deduct if you rent out 50% of your house. T...
Jamie Wooley
How not to get your HVAC stolen while your house is being rehabbed.
I have my first house under contract and it needs a new HVAC. I do not want my contractors to work in bad conditions but I also don't want the unit to get stolen. It is cold outside and I can't expect them to work w...
NIcholas Hamel
Does Velocity Banking work????
Hey everyone ive been hearing about and researching VELOCITY BANKING alot lately. Seems too good to be true. Any of you experts have experience in this field and can confirm or deny? Thanks everyone!Nick
Dmitriy Fomichenko
Self-Directed Solo 401k for Real Estate Investors – Q&A
Over the years I’ve seen many questions here on BiggerPockets forum related to various aspects of using self-directed Solo 401k real estate investing. But the challenge is that those questions are spread out across pr...
Evan Parker
Congratulations! You Gentrify: Displacing a Community
This question is one I pose to anyone who has an opinion on the topic. Obviously we're all here because we like something about the idea of REI and passive income. As the process goes, we find a "good deal" in some ar...