Stephen Bianes
Maximizing my code violations list
Good morning! I've read from some of our fellow BPs that obtaining a code violation list can be a good source of leads. My questions are:1. Which type of violation converts to a solid lead which then turns to an acqui...
George W.
Anyone investing in Reading P.A.?
Hello i am new to biggerpockets, I am looking to buy my first rental property. I am from New Jersey but have been looking into PA more as an option because it is much more affordable to start out in. Reading is under ...
Brian L.
Just purchased multi-family w/ tenant & want to move into one unit and eventually remodel...
The plan is to turn the present 4 small residential units into 2 larger ones. The 4 units are currently tenant occupied. Most of the tenants are month-to-month but the place is rent controlled. One of the tenant's is ...
Himan Baroi
Himan from sterling Virginia
Himan from Loudoun county in Virginia. I have bought my first house in 2010 while working in bank. at the time was just for primary residential home. bought my 2nd home in August 2016. the first house i have bought c...
Richard Zhang
Tax treatment for lending to my LLC to purchase a rental
I took a personal loan of $100K at 5% and lend it for my LLC to purchase a rental. I plan to charge my LLC 6% interest rate.1. Is there any benefit to write up the loan as a mortgage vs a regular business loan?2. When...
Marwan Marzagao
Looking to buy a PM company
I am looking at the possibility to buy a PM company with 250 properties. Personally I currently own/operate thirty. I want to know what to expect, time needed and potential hurdles I will face and a good way to valu...
Byron Bohlsen
4br to 3br to add master bath
I realize it can be location specific but in general do you guys know if it increases the value of the house to take a 4 bedroom house and convert it to a 3 bedroom house to add a master bath and walk in closet where ...
Trevor Bingham
Adding a basement apartment in Smithfield
I bought a house in October of 2020. My family and I still live there but rarely use the basement. I would like to convert it into a small apartment that could generate some cash flow. It has a bathroom, an office are...
Ian Duffy
House hacking with 3.5% FHA. Used mine, how do I get my 2nd house hack?
Hey BP members,So this last year I purchased my first SFH to house hack. This home came equipped with an above-the-garage addition (600sqft) the flippers added on (permitted). It is a bedroom with a back/private stair...
Marc S.
Questions for a CPA, or someone who had a similar situation
Quick question,So I own a condo which is currently being rented out and is under my name. I recently created a LLC company, and plan on purchasing more properties to hold under the LLC. My condo currently has all of i...