Michael Dallas
Co-signer Bonus Depreciation
Hey I am a D1 collegiate baseball player at Jacksonville State in Alabama. I am looking at buying a 4 bed house to house hack and rent the other rooms to my teammates. Since I do not have any income I am having my dad...
Brett Kash
Seller Covering Closing Costs
Hi Everyone!Probably a bit of a newbie question here but I'm curious as to how common it is that sellers are willing to cover closing costs. I'm well aware that it happens and I'm sure there's no true "norm" to speak ...
Kenny Charles
NJ General Contractors
Good Morning BiggerPockets world! Wondering if you guys could refer to me any general contractors in the area? (Northern NJ). Thank you!
Brian McCarter
How to apportion costs of rehab when renting out rooms in home
I wanted to see if there were any tax experts who have ever rented rooms out in their home. The answer my enrolled agent who is not a real estate expert gave me did not seem to make logical sense to me and I wanted to...
Joe Atkins
Appraisal before flip? CPA advice
We are currently in the process of purchasing our first investment property, (cash purchase). It is an old farm house on 9 acres. We are dividing it into 3 acre tracts and keeping the house and 3 acres for a rental. O...
Account Closed
Why would a homeowner take over 40%+ loss
Good morning,I have been reading about wholesaling and motivated sellers. My question is... Why would someone be happy to sell their house 40%+ below market value to a wholesaler just to close quick? They could sell i...
Joel Owens
Help with a tax question..................selling my apartments
Okay looking at selling my 20 unit apartment building I bought last July. Currently own on a wrap.
I hold title.The reason I am selling is I have some other big projects I am working on.
There is a very well qualifi...
Gus Shahrour
How To Go About Finding Reasonably Priced Contractors For Flips
Greetings Everyone, I'm looking to get bids on my first solo flip in Orange California. I have been getting crazy numbers from contractors and I understand California isn't cheap, but I was hoping to get advice on how...
Sarah Sass
Cost analysis: Building costs to add a hot tub to my Smoky mountains STR
Question 1: Does $4698 for materials and labor to prepare my house for a hot tub seem in line?
Question 2: Any 4-5 person narrow hot tub recs to speed up the process? I've been stalking the forum posts to narrow dow...
Nick Coons
Flipping & Tax Strategies
I know that with flipping properties, the profit generated is taxed as ordinary income. And it can significantly increase one's marginal tax rate.Other than the basics of running a business (operating as a pass-throug...