Dirk S.
Tax implications on sale of principal residence
Hi
I own and lived in my principal residence for over 20 years and a significant capital gains.
1 If I sell my principal residence I pay no tax on the first $250k of capital gains (filing single), but if I have ad...
Michael Plaks
EXPLAINED: IRS audits - debunking common myths
Myth 1. IRS audits are very common / IRA audits are so rare that you can forget about them
The latter was true during the recent Covid years. We recently had an under 1% audit rate. However, two things are good to re...
Holly Hudson
Commercial Pre Approval
HI! There is a property that I am very interested in and would like to view. It has 5 housing units and some rv pads. The owners are requiring pre-approval in order to even schedule a viewing. I have never purchase...
Mark Forest
Tenant wants to pay full year?
I have had this come up before. I just received a call from a prospective tenant wanting to see one of my SFH who said she would pay the entire year in advance. I hate to sound cynical, but now I am wondering what k...
Matt Perez
property management software
Hi Bigger Pockets communityI have 1 rental so far and was wondering what would be the best management software to use as I begin this journey.I currently have a property managing company in place and I want to get rid...
Michael Mcguniess
Water issue in basement on house under contract
I am looking at a property that has a water issue in the basement. Looking at it, I believe it is due to the fact that the land is graded downhill, towards the home.
I am buying this home as is and want to make sure...
Peter Magistrale
Rochester Multifamily Deal Analysis
Hi Everyone, I'm a first time real estate investor and wanted to get the community's feedback on a prospective multifamily property in Rochester, NY. First a little about myself and my goals to give proper context. ...
Henry Clark
Self Storage- Broad discussion on Finance
STORAGE
FINANCING FOR PROSPECTIVE AND CURRENT OWNERS
Just
finishing our financing on our latest location phase 1 (phase 1-230/ 2-200/ 3-200). Below are some
thoughts in general on Storage financing. Basic for...
Stephen Densmore
ACH Payment Options / PM Software - Small Commercial Rentals
Thanks in advance for any replies! I currently have 6 rental units (small commercial office) that I self-manage and I'm looking for recommendations for an online property management solution - mostly for payment rec...
Kaleb R.
Owner Financing and Taking back 2nd mortgage
Hello Everyone,I hope everyone is well this morning. I’m taking an online class and the subject today is Owner financing. I have a question in regards to carrying back a second mortgage when owner financing. The mater...