Hello I’m new to bigger pockets and Real Estate. I’m looking to purchase my first property and I have a decent amount of money saved for down payment and closing cost etc. I make decent amount of money 70-80k yr and h...
We spoke to our accountant and he related that we will not be able to take advantage of depreciation for my LTR because the combined pensions are over 125k.
How can I “minimize”my income? I only have one LTR.
Hi all,I was looking for advice/perspective on financing a new rental investment. I'm close to done with my current rehab, and there are a few duplexes in the area that look really appealing (I'm a Realtor so I see a...
I'm currently looking for a multi family property that would serve as my primary residence. I can find a property but the hard part is getting into it. I have been a real estate agent for under a year and banks will t...
Hi BP community, I am a small investor from upstate NY. I have 5 rental units, 1 a single family home and 2 two family homes that I rent.I am Wondering how the math works when calculating a loss on one rental property...
I bought a house back in November 2020 for $378,000 in the Sacramento area. 1300 sqft 4 bedrooms and 2 baths. I rent out each of the room for $775/mon and the master bedrm for 850/mon. Total rent income is $3,175/mon....
Hi everyone,My wife and I are self-employed and finding it difficult to qualify for traditional financing. Imposible actually. I stumbled up bank statement loans and just spoke with a loan officer for an hour asking a...
Hey BP members!My brother and I are about to purchase our first flip property. We have the 20% down, is a conventional loan through a bank the best option putting it in one of our names? Is there a faster or better wa...
Three family members have owned a house for 10 years - always occupied by a family member. This year we placed it in a LLC (Limited Liability Company) in order to rent it for about 3 months of the year. Now we have ...
im 26 and have worked very hard to save up 40k dollars of my own hard earned money.im getting ready to invest in a foreclosure. the target price is 19k. with 30k of renovations needing done. the comp showed home value...