Steve Kirsch
options of a reverse mortgage
Hello BP Peers,I have a relative who is looking to move and retire to another state from where she resides. She has a condo now with a remaining mortgage of about $100K. The condo's un-appraised value is approx $250K....
Jeff Mousley
Using HELOC to finance down payment
I am just beginning the process to arrange my financing for purchasing my first investment property. I am able to obtain a HELOC for about $60k from the equity in my home. The ranges of houses I am looking at genera...
Dick M.
Furnace depreciation, where to post
I put in a new furnace this year, I known I list it in part III of my 4562, but then do I combine it with the property on my schedule E or does it get its own column?
Brad Voisin
1 Year Self-Employed Tax Return
Hey Guys,
First time posting here but have listened to 50+ Bigger Pockets Real Estate Podcasts and have fallen in love with the idea of real estate. My wife and I (26 years old) have lived in apartments renting for ...
Andrew Nguyen
Logistics of transitioning primary residence to rental + add partner
I own a primary residence in CA that I’ve lived in for >2 years. It has a 30 year fixed mortgage and low interest rate. My sibling/business partner would like to give me X amount for 50% ownership and we transition...
George T.
Refinance Florida Property
Hello everyone,I am looking to refinance my Florida Property located in Port Charlotte. I own it in clear and looking to purchase some more properties with the equity in the house. What would be the best way to approa...
Joe Buchmann
Beginning the Investment Journey
Hello Everyone! My wife and I are just beginning our real estate investing journey. I've spent the past several months getting educated on various aspects of investment, and financial intelligence. Currently, I'm invo...
Chad Pantel
Conex Box (shipping container) as Short term rental.
Brain storming with a friend about short term rentals. The idea of using Conex boxes was brought up. Has anyone don’t this yet? The biggest problem that I’ve thought of so far is insurance. I contacted an agency and t...
Tiara Murray
A Question About First Time Home Buyers Tax Credit
Hello everyone.
I have a few quick questions about the first time home buyers tax credit. I am a college student looking for a place to live permanently until I finish up my last few years of college. Since the tax c...
Troy Huczel
You boys like Mexico?
Investment Info:
Condo buy & hold investment.
Purchase price: $271,627
Cash invested: $109,353
Beachfront condo in Puerto Penasco, Sonora, Mexico. Beautiful 2b/2b with a view of the ocean and bea...