Catherine Frederick
Purchasing first condo but concerned with future negative cash flow
Hello everyone - I'm seeking advice:I'm finally at a point where I can purchase my first entry level condo in Los Angeles County. I will likely want to live in the home for two years to avoid long term capital gains b...
Jonathan Garrett
I Have A Deal In Pittsburgh, Pennsylvania But I'm Struggling!
Hello BiggerPocket family! My name is Jonathan Garrett and I have been marketing to get leads and convert them into deals. I just really shook off my sickness of "analysis paralysis" and jumped all in. I got a deal un...
Nick Monge
Trying to get some idea on funding my first multi-family purchase
Hello! I'm pretty new to REI. I own two SFR but I'm currently looking into my first multi unit (four unit). I want to make sure I understand all my options when buying my first 4 unit rental property.Some background i...
Lillis Hawker
Should I sell my rental property?
My husband and I are in our later 20s we currently own a rental property that could sell for $180K or more. It brings in $1,475 a month. We do not have a mortgage on this home. We are moving to Arizona for my husbands...
Matthew Kauk
Short Term Rental Loophole
Looking to use the short term rental loophole.
If I use the short term rental loophole for my STR, I material participate and do a cost seg study.
Can I take the value of the building in the first year as depreciati...
Kelvin He
Is operating with negative cash flow a good move?
Hello, this post is an update to my previous post : To summarize that post: buying a house for ~$250k w/ a 30-yr fixed rate loan, will try to lease it out for ~$2k a month, monthly expenses are ~2.2k a month.The fixed...
Douglas Gratz
I need some opinions on this refi?
Hello friends, I hope you are all healthy in these trying times.So I have a refi and I know a lot of this is subjective , but I am wondering what you would do in my shoes.Here are the factsAll in for 102,000Appraised ...
Dakota Rice
Fastest path to financial freedom?
Hey BP I have a scenario to throw at you and I’d love to hear your thoughts. I have a friend in her late 40’s who has started focusing on preparing for retirement. With around 100k in a 401k and 75k in cash she is won...
Luiz Souza
Utilizing your kids for your Biz
For sure many here have teenagers (sons or daughters) that are probably helping you in one way or another.Could you share this info here? What do they do, how do you compensate them, what do you pay them, etc?Thank yo...
Mickey Harrison
suggestions on how to keep growing
posted this in the general topic board but figured it would have been more appropriate here.
Some info:
I currently own
1. Primary residence (has a efficiency attached which helps pay 1/3 of expense;mor,tax,in) owe ...