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Hey BP,I purchased my first SFR back in March and got it rented out on April 1st. The tenants have been quiet so far but today they texted with their first issue:Water is slow to go down the shower. When the toilet is...
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Hey BP, can someone walk me through how a lease purchase works? Everything on google is written as if i am the renter and trying to purchase the property. I am an investor and want to purchase a property. My main ques...
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I am looking to get a HELOC on my primary residence. The line will be over $500k so most banks process it similar to a regular home loan. It's been about 20 years since I have gotten a mortgage since I usually pay ca...
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I haven't seen anybody write specifically about this before. After looking at hundreds of thousands of dollars in suspended passive losses, I'm planning to provide substantial services on my next house hack. This soun...
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Hello Everyone,This is my first post on BiggerPockets. I am a Real Estate Investor in the Austin, Texas area. I started learning about Real Estate Investing around July of 2015. I am currently working Full-Time and in...
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Hello BP world!Please allow me to tap into your collective knowledge, once again.I'm looking at buying a property. I'm doing the math to see if the deal is viable and I need to get a number for how much flood insuran...
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Hi BP, What are the advantages/disadvantages of buying a note versus buying a turnkey (or vice versa) in terms of cash on cash return, depreciation, deductions etc.? How much depreciation do I get from 1 property/year...
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We are soon listing our first property for a 1031 exchange. Upon closing, we will have 45 days to identify 3 replacement properties and then 180 days to close on one of those 3.This seems like a concerning setup. What...
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Is there a way for a seller and I to set up a land trust to hold the properties I want to purchase from him and he be able to avoid his capital gain tax?
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My tenant is complaining that the cabinets smell bad. The home was well cleaned when they moved in... I never noticed a smell? Anyone ever heard of this?