I am an investor in a single rental property which I just sold. I'll file IRS Form 8949 and Schedule D (with unrecaptured depreciation on line 19). Is Form 4797 also required even though real estate is not my trad...
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I am strategizing on ways to acquire a new property. Here is the lay out. The property is a multi-family with an asking price of about 80K. The rents are currently $800 for one unit and $630 for the second unit, both ...
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Hello Bigger Pockets People!My name is Moise Julien and i am I have been keeping up with BP since last year while i was injured and out of work. I would like to get to first first deal this year and i am in need of so...
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We've had a purchase offer accepted for a 1BR condo in NW Phoenix. It's been a successful AirBnB/VRBO property til now. Looking for advice for a newbie setting up a short-term rental property.
Questions:
Should...
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What would be considered a good versus bad buy? Also, how would this differ income wise than a duplex, and pros and cons of each.I've heard if the city allows it, airbnb trumps a long term rental since income is highe...
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Good Evening ladies and gentlemen,
I just transitioned out of the Marines and looking to start my adventure in the real estate of rental properties.
So I looking at buying my first house in May-August of 2020.
I...
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Hi, my name is Brandon V, I'm 19 and live in San Diego, CA. I am looking to learn as much as i can and connect with many people to learn and have fun.
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I've heard there are no dumb questions, but this might qualify. In order to launch a BRRRR empire, the first B has to be purchased outright, not leveraged, true? or untrue. I've been looking at this and feel like I'...
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I have some equity I want to pull out of my property using a HELOC for the down-payment of a buy-and-hold investment. Does your underwriting change when you use this strategy? How do you factor in the interest payment...
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Looking for advice on what type of funding to use on my first multi family. I have heard pros and cons for both avenues. Wondering if anyone has an opinion or personal experience they can lend to this topic.