Lawrence L.
House hacking my CPA says don't claim rental income
I have a one family house renting out the top living in the basement. My CPA says when I file I should not file showing the rental income because if I want to sell then I will not get the 250,000 tax free allowance. I...
Lee Common
DOW drops another 445 points is the end in sight?
Anyone have any predictions?
Will the auto bailout help or would this be happening anyway?
Persoanlly given the state of the economy I do not anticipate we are anywhere near the bottom.
Sandy Uhlmann
Lease Option vs Seller Financing vs Contract for Deed?
Initially, I posted this in the mobile home forum thinking since it was mobile home related, that would be the people to ask. After getting little feedback, I decided perhaps this question would be better answered by...
Chris Johnson
Selling rehabs on MLS
Hi all,
Im yet to buy my first property to do the rehab. But i want to ask this question proactively. My plan is to buy a distressed property, do the rehab work and sell it in 3-5 months. I dont see MLS as a good p...
Flora Talmazan
Looking to buy properties under 50k for rental income in the US.
Hi,
I'm a new member to Bigger Pockets. I live in NYC but am looking to buy homes around 50k for rental income. What parts of the country are great to invest in outside of NYC? How do I find out if the properties wou...
Daniel Hart
I bought a house "subject-to", but I'm unclear about the insurance
The lender is escrowing for insurance. I talked to my own insurance agent, and he told me that even if I add myself as an additional insured I still wouldn't have liability coverage.
I have the property in my pers...
Steve LeBlanc
Seasoned investor without W2 income seeking loan products
I'm a seasoned investor with a modest cash flowing portfolio ($2.8M value, $200K annual gross income) and capital in the bank. My wife and I have left the workforce and consider ourselves retired for the time being. ...
James G.
Cleveland heights and other POS areas
I've been told to steer clear of areas like Cleveland Heights in the past due to high property taxes as well as stringent POS but would love to hear from investors in the area what have your experiences been? I don't ...
Javier Perez-Karam
Building a power team - Thoughts on Mortgage Brokers?
Hello BP community!I am in the process of building a power team in NYC area (and around NY).I have heard from some people to stay away from Mortgage Brokers. But I can see the value on having one in the rolodex (yes! ...
Stephanie Niles
Buffalo,Rochester, NY and/or Columbus, OH BRRRR
Hello BP community! I have been creeping this site for some time now and finally decided to bite the bullet and get started with an account here. I'm so glad I did. My husband and I have 2 rental properties in the GTA...