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As a rental property owner I found there is something new to deduct which is not available from a owner occupied property.. which is depreciation of the rental property.My understanding is that you get that years ove...
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We purchased a first position NPL on a single family home in Charlotte NC a few years ago and did a loan mod with the borrower. He was paying consistently until last Spring where he missed 2 months of payments then st...
Hello all, I wanted to inquire about 1920 properties. I am looking at some single family homes in the Toledo area. The package consist of 11 properties with an attractive 13% cap rate. All properties are recently reno...
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Hello, BP! Over the past few months, many investors, bankers, and realtors have asked me about the process I underwent when a fire destroyed a duplex. Hopefully, this post will help you be less stressed and be able to...
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Hello All,I hope all is well for you! I have a friend of mine that has about 75K in the bank. He has his own business as a chiropractor. He wants to invest, but he does not where to start. He does not want to invest i...
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Hello I’m a new to the world of real estate investments and am looking for some advice before I make my first buy. I’m not sure wether a VA loan or a conventional loan is the way to fund my first property. I would lik...
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Hey guys, very long time reader here, but first time poster. I wanted to see if other experienced investors could help me on how to deal with the stress, anxiety and sometimes the fear of managing a larger portfolio o...
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Hello Biggerpockets,
A prospective tenant reached out to me for an apartment in my FL building. They have a service dog (Bulldog) and asked if that would be an issue. We do not allow dogs at this property, thus my ...
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Hi everyone,I am getting ready to close on my first owner occupied 2 family. This will be my first time dealing with tenants. I was wondering if people can help me out. Because the tenants on the second floor have a l...