Mike Stadel
Are you licensed is it necessary
So I went to my accountant to ask how I would be taxed when I finish my first flip and he went off on a tangent and is telling me I should be licensed to flip houses. So that brings me to my questions...
How many of ...
Steve Sherman
Unknown non-renters staying in my 4-family's basement. What now?
Hey BP! I recently purchased a 4-family in an okay area of St. Louis and with the building I've inherited 4 tenants. A month into ownership, a few neighbors started complaining about the neighbor from one of the units...
Antonio J. Mendoza
Questions about Investment Properties in Indiana
Hello everyone. I am researching for this information also on my own. I am starting out in RE Investing and reaching out for some help in looking for about these questions I have. For rental properties in Indiana f...
Thomas Kelly
New to wholesaling. Is this a plausible deal?
Wholesaling a property in IL. I can get it under contract for $196K, the (as is) comps are selling for about $240. The property its self it pretty turnkey for a rental property, although 5-10K could make it look nicer...
Ben Be
First Property - Long Distance - Picking a Market
Hi All,
I have resolved to purchase my first rental property (or properties) in the first half of 2022. I am focused on SFH or small multi family, and need to invest long distance. I am looking into both turnkey and ...
Paul Z.
Would you rent a house to 2 new university grads?
Hi everyone.I have a townhouse which I prefer to rent to families. However, 2 recent university grads (both female) want to rent it together. Would you rent it to them? Some potential problems in my opinion:- 2 tenant...
Paul Murch
Who records?
Just bought a note from a company online. Who records the new lien holder with the county? Me, or the seller?-Paul
Abby H.
Tips for structuring partnership
Hello Bigger Pockets community,I have been an avid Bigger Pockets student for the past two years and have since bought my first house and strategizing for house #2. There are some seller finance deals in my area but I...
Account Closed
IRS Change - Form 3115 (Application for Change in Accounting Method)
I just received an email from my accountant that basically stated the IRS has made some sort of change that will require investors to file a Form 3115 or they may be subject to a higher taxable income due to less dedu...
Grant H.
First time doing rental property taxes. Need advice
I purchased my first duplex, out of state, over the summer and am now preparing to do my rental property taxes for the first time and have a few questions on deductions.Is the home inspection deductible?I initially ha...