Account Closed
Renting Rooms in Primary Residence
Hello everyone, first post on the website. I just recently purchased my first property in Houston (325k), 3 bedroom 3.5 Bathroom.I am a single guy, so I will be renting the two rooms of the house to two friends. Pros...
Greg P.
Hard money lenders in DFW/TX? Looking for recommendations
Hello,
I was hoping for some great BP recommendations for hard money lenders in the DFW, TX area. I would like to have a reliable lender relationship lined up as I am looking to quickly close a BRRRR and would like ...
Kathryn Knoblauch
Sd 401k age 72 required distribution
Hello Bigger Pockets!my question involves how required distributions are handled with a self-directed 401k. Let's say I own a multi-unit property in my SD 401k and I reach age 72. Let's say there is a lot of equity in...
Paul Wiseman
Living in my duplex tax issues
Since I occupy one of the duplex units does that mean I can only deduct 1/2 of the depreciation from my gross income?I guess the same goes for maintenance and repairs as well, that I can only deduct what I spent on th...
Jone Giyad
Deadlock convert (or mod) to smart
I want to convert my entry door to a smart lock, but I haven't found any that are compatible with a jimmy proof deadlock. I've attached an image of my deadlock, and I was hoping someone could point me in the right dir...
David F.
Rent to Own Tax Consequences
I understand that the RTO options payment portion isn't reported income for the seller and is thusly tax-free. Is that the case for a scenario where 100% of the monthly payment is credited to the buyer as equity (no ...
Evan DeMoss
Looking for a CPA near Ann Arbor Michigan
I'm a nurse in Ann Arbor Michigan and I'm currently in the process of renovating my first house hack for a duplex. I am hoping to get in contact with a new CPA as I become acclimated with the tax laws surrounding real...
Mayur Tella
Contractor Referrals in Sacramento Area
Hi BP Friends,
I am looking to remodel a portion of a storage/gym room. And need someone to help with that. Key items of work - replace exterior door, add baseboard in room, change sheetrock in closet.
The regular G...
Anthony Freeman
Seller financing tax benefits
Considering the tax benefits of seller financing for the buyer and seller.
Craig S.
Owner financing STR portfolio
Recently, another local investor offered to purchase a portion of my STR portfolio (10 Units). I have done owner financing before, but it was for just one property. My question is this…Is there a standard way to str...