The tax publications say when converting a personal home to a rental, the basis is the lesser of the FMV or adjusted basis. 1. Is there any rule saying one couldn't do a cost segregation when converting, to bonus depr...

Hi BP Community,I am looking to invest in a SFH (TurnKey) and my timeline to purchase is November/December of 2022. With the fed increasing mortgage rates to near 5%, and assuming a .5% uptick each fed meeting until t...

New hopeful investor here. Have a loan officer that 'preapproved' me on Friday but today said she wants to send the preapproval letter directly to the agent. This is a little complicated because I don't have one! Are ...

I am currently shopping for a multi-family rental in Brooklyn and Queens, NY.  This will be my first investment property.  I plan to do a house hack.I regularly tour properties that are listed as a "legal 2 family" bu...

I've got a mixed use property in south NJ, it's 75% office space and 25% residential. The residential is occupied and the commercial is vacant. I'm looking to refi and take out about 220k which is 50% of appraised val...

I have a question regarding smaller items in rental properties, such as pillows, door mats, small floor mats, bed covers, etc. To make the answers unbiased for either side, I would like to ask this question both as a ...

Hi, this is my first post in the bigger pockets forum.  I have been a dedicated pod cast listener for the last year.  I’ve also read many of the bigger pockets books as well as many other real estate investing books. ...

So I have 4 properties, none of which were BRRRRs. Would I be correct in saying that the only way to get a deal is to get something that needs rehab?Only one of mine was "used" when purchased, the others were new. 

I'm new to REI and am in the process of learning. While researching various areas, I came across a 6 unit apartment complex that has great numbers. It's been on the market for 75 days and is currently bank owned. Woul...

Hi,My tenant was on a month to month basis. He put his notice on June 3 stating that he will either vacate on July end or August 1st week. He finally gave the keys and moved out on August 7th. Should he be paying rent...