Abdenour Achab
Should I expense or capitalize post acquisition eviction costs
I acquired a house in September 2010. I evicted the previous owner in December 2010. I paid the eviction costs in January 2011. I listed the house for sale in March 2011. I expect to sell the house in 2012.
The house...
Kyle Wilson
Any Self-Directed IRAs Horror Stories?
Does anyone have a Self-Directed IRA horror story they would like to share?I attended a national REIA meeting last night on Self-Directed IRAs (presented by Equity Trust). I can definitely see all the PROS, but I'm lo...
Michael Myers
Lending to my LLC from HELOC on Primary Residence
Hey Everyone! Looking for some finance advice on this question to make sure I do it right and don’t get into some weird tax situation:I have a HELOC on my primary residence (held in my own name) that I would like to u...
Chris M.
Income requirements for FHA loan?
Hey guys, I've got a question about income requirements to get approved for a FHA loan. I'm planning on purchasing a $250,000 house with a 30-year-fixed FHA loan with 3.5% - 4% down. My goal is to have a monthly mort...
Kyle Swarts
OPM Financing with a percentage ROI
Hi guys, brand new to real estate and have been listening to the bigger pockets podcast. On an episode someone mentioned using peoples low interest savings as property investments with a higher return from you. So fro...
Reid Kelley
Family property transfer advice. California
I need guidance as I am trying to break into real estate investing. The past few years I have had the Fortune of family members giving me a place to live for a year and a half after finishing school, to help save some...
Marc Gallegos
When to hire an Accountant?
2015 was my first year as a grownup... Would love some help/ advice here. Heres the timeline!Jan 2015 bought first rental property on an interest only note. Graduated college May 2015. July 2015 Finished 5k in renovat...
Roger Gelpey
Deducting interest on a commercial loan?
I have had contradicting advice regarding a loan we are contemplating so please help me!! We are considering taking out a commercial loan on a rental property we own in our own names and to use the funds for other RE ...
Spencer L.
House hacking strategies for newbies
Hi there!
I am new to real estate investing, and I have lots of questions:) Here is come context on my current situation. I don't have a lot of money saved up yet (I just graduated from college in August), but I have...
Edgar Baeza
I'm new to this forum and I got myself into a pickle.
I purchased a home 8 months ago before learning about bigger pockets, this home was going into foreclosure for back taxes . The owner at the time approached me and offer that I put it under my name and take over the p...