I have a loss on a single rental property of about $3,500. Because my MAGI is $150k the loss is phased and I am not able to reduce my income by the loss. If that's the case should I not include all of the expenses t...
Hello BiggerPockets, My name is Jacob Wright and I am currently in my last year of Business School. I have been looking around the site for awhile and have been looking really hard for my first duplex to purchase. I w...
Hello everyone. I am looking to purchase a neighbors property (very distressed) in the next few months, location Glen Cove in Nassau County on Long Island. At first, the plan was to flip it, but now I want to use it a...
Hello BP members,
Need advice on what to do with tenants who are refusing to pay utilities in full. I own a duplex, the upstairs unit is being rented by a married couple and the downstairs tenants moved out by July 1...
Just acquired two investment properties - The Sellers are moving out soon, and there are some repairs to be done. Is it recommended to move utilities to my name, then move it to the tenants name (they’re paying once I...
Josh et al,
Thought it might be productive to have somewhere for us to keep a record of insolvent, BK, litigious or other HOA issues for public use. Yes, there are members from all over the place, but busted HOAs ar...
I’m not sure if this is the right forum for this post.
I am a buyer looking for a home. Given the current economic climate, I am only willing to purchase if I buy below market value (hopefully way below).
I re...
We are looking at a multifamily home in NE Wisconsin. Price recently dropped from 100k to 95k. My own CMA puts the property at 85-90k, so will probably offer a lower amount to feel out the bottom. However, we have do...
Hey guys! Hope all is well. Looking for some help in a unique situation. Just closed on a triplex. Seller said they had no lease agreement in place. But said that unit 1 was getting free rent for being the “manager” o...
I'm looking at purchasing not only my first home but my first rental investment. I am looking at duplexes in my area with the idea of going owner occupied and living in a side for a year or so and then purchasing agai...