Nathan H.
Question on treatment of interest expense paid in year of sale
Hello BP community, I'm wondering if anyone knows how to treat interest expense on an investment property. The scenario is that the interest was accrued in prior years, therefore not deducted, but was paid upon the sa...
Spencer Elliott
Under the table income affecting DTI
I’m applying for HELOCs and have been approved, but not for the full amount due to DTI. My girlfriend of almost 7 years works as a babysitter and her monthly income is 2k. Unfortunately for this situation it’s under t...
Luis Savery
Extermination Treatment Setup
How do you workout a regular extermination treatment in a multi family home? Would you split the cost with the tenants or fully cover it on a quarterly basis?
Samantha Lewis
Property Manager & Insurance Provider in Montgomery Alabama
Hello everyone!I’m currently under contract on my first rental property in Montgomery, Alabama. Does anyone know of a good insurance provider AND property management company in the Montgomery area?Appreciate your resp...
Tiffany Onwudinanti
Going Under Contract before Touring it (Seller’s Market)
Hello BP family,As you all know, demand is exceeding supply. I find myself wanting to tour property, but every time I get a tour scheduled, the property goes under contract. What are you guys doing to combat this? I’m...
Account Closed
Anyone in Austin CRE (excl apartments) want free help?
Hi Austin BP,
My name is Abel, I moved to Austin last year back when handshakes & indoor dining was common. I was just wondering if anyone in the local CRE space (excl apartments) was looking for some free help, ...
Jonathan Lopez
Need help with servicing notes
We use contract for deed in two of our last deals. Essentially we became the bank. Is there a software that you know of to keep track of the amortization schedule. They also pay additional to the principal sometimes w...
Doug McCabe
Buying a Post Office with a 2/1 apt...Thoughts?
Hi folks! Im new to the whole real estate investing market and came across what I think would be a good deal. There is a rural small town Post Office with a 2/1 apt over it. The Post Office has 2 years left on its lea...
Josiah Kay
Pro Membership Tax Deduction
I am interested in getting a Biggerpockets Pro Membership, but I'm wondering if I would be able to deduct it as a real estate business expense. I currently have one rental. Does anyone know if this is possible?
Chad Clark
How to obtain loan for land contract with no comparables.
I got a land contract during the COVID problem and the sales dried up making it so there's no compareables for an appraisal. Of course, this in turn made it impossible to obtain a loan. I wanted originally to use ...