Monika Charles
Advice for first time investor in Tallahassee, FL
Hey everyone, I am new to this and wanted to get some advice. I have some money to put down on a rental property. A few that I am considering are in the Tallahassee, Florida area. The main property I am looking at is ...
Mark Spidell
FHA Flip Rule - Short Term Lease
Does anyone know of any problem with renting to the buyer for a couple of months to help with the FHA 90 day flip rule issue?
Mike Jones
Help me understand what this means?
So this recent news sent to my email from BP with a link to:
http://www.biggerpockets.com/renewsblog/2013/01/01/fiscal-cliff-real-estate/
Says:
Additionally, the passed bill included an extension to keep tax-free the...
Shane Bowling
Old unpaid mortgages on quit claim properties.
I may be about to get 5 properties quit claim over to me and if I do I am going to get them free and clear via quiet title. The workaround I need is I think some or all of them have small mortgages on them that the ow...
Raine Levans
Any recourse or advise?
Write your post0 VOTESWould love to be one of the "haves" instead of always the "have nots"! So, asking all ypu "haves". What can i do about this deal? i am a first time buyer in the hope program who needs to go Fha....
Micaela N. Wolfe
New Owners of a property next to a rental...that are trashy
Hello! Not sure if this is the appropriate spot for this query. I have a beautiful home in the mountains of western NC which is a very successful Airbnb. We recently had a very small plot of land at the base of the dr...
Teresa Thomas
Investing outside of US??
Hello! We are going to Playa Del Carmen in November (our favorite spot) to look at condo options for short term rental income for the next 10-15 years. Then live there 6/12 months of the year (but still rent out when ...
David Hart
Paperwork - What Form is Required?
Newbie question alert!
Say I've negotiated a selling price with a motivated seller, and the exit strategy is to wholesale the property via a double-close.
Do I use a standard Real Estate Purchase Agree...
Tony Kim
Looking for Clarification on Depreciation Schedule After 1031
Hello,I hope this isn't a repost, but I was hoping to get clarification on the basis for depreciation when it comes to the replacement property on a 1031 exchange. Would I basically calculate the basis for depreciatio...
Chris Sullens
Are all costs prior to placing a tenant considered purchase cost?
So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...