Bigger Pockets I have a lender who is working to get me approved for an exposure line of credit.  With the line of credit the there will be an appraisal on any property I purchase and a closing in 10 to 14 days.    My...

I have a potential Seller fiance deal 
Property ARV: 200,000
Asking Price: 135,000
Down payment :25,000
Repairs: 25,000
Rents in the area: 1200
Monthly payments: 501 (Principal only payments for 3 years)
Paymen...

Hey guys! I have 2 questions:

1. Are you aware if I can deduct the following expenses:
-4 educational books (legal tax guide, how to successfully manage your properties, etc)
-office supplies: files, folders, paper c...

Hi guys what are you using for bookkeeping apps? Quickbooks won’t work for me unless I get the most expensive option that includes a class system, and even then it’s a bit complicated. I tried Stessa, but it tends to...

OK this is the situation I’m selling three homes in Oregon and have to move over 1.2 million in a 1031 exchange and have $700,000 in loans. I buy single-family homes in the Memphis area and the average price is about ...

Hi all,
I just got a six-unit apart in MA. I reached out to automatic laundry and they proposed to rent my basement to provide laundry service to my tenants. They will cover the equipment, maintenance; and I provide...

Hi everyone, first time poster here! I recently started researching real estate investing and wanted to see if anyone had advice about a property that I’m considering investing in. The property in question is a fully ...

Hi everyone. I'm looking for advice about possibly renting my first home. I bought my first home 5 years ago at $162k I owe $132K and I could sell right now and get about about $230k (after realtor/title/any other fee...

So we may be given a property from my mother (currently rented out 2 units) and wondering 3 questions:1. if she can continue to lease out the property under her current lease agreements and collect rent (and keep it)....

Hello BPers. I have a guy that is selling his property he inherited from his grandfather (found it by driving for dollars). He passed about 15 years ago and the house has been vacant the entire time. It’s on 3 acres w...