I asked a similar question earlier today about putting a rental property in service and deducting the costs of the rehab on Schedule E. Okay, looks like I can't deduct the make ready costs and I can tally the improvem...

Hi BP,I have a lender question I hope you can help me with. What should I expect to pay in loan fees when acquiring a loan for an investment property? I have great credit, zero debt and this will be my first conventio...

Hi Bigger Pockets! I have about $6k in a Roth IRA. I just looked at my quarterly statement and I made $43 this quarter..... can anyone shed some light on cashing out an IRA. I also have about $20k in my teacher retire...

Guys i need help here. I formed a LLC company in 2015 and i let it automatically dissolve last year(2017) by not filing an annual statement on Sunbiz.org. i did it on purpose because i was planning to sell my only ren...

First time poster here,I've been renting out my first home for the last 4+ years (same tenant).  Just recently, I moved from Virginia (where the rental is located) to Florida.  I was trying to sell the property to the...

Is anyone familiar with a gift of equity? I’m thinking about purchasing my mother’s home as my family consisting of me, my husband and daughter have been living in it and paying the mortgage the last 4 years. The hous...

Hi Bp,

So I have a 200k mortgage on my primary residence that's worth about 250k. But I plan on renting this house out in a year but I want to get a heloc on it before I do that, so I can get a highed heloc when it's...

Greetings:
Question for you all. 
Do any of you have more than one LLC company where one company hires and pays your other company for management/admin/reporting?
Is that OK to do?
I own two rental LLCs (with part...

After my first year of doing a couple BRRRRs, I'm trying to wrap my head around the money we pull out via refi. Is it accurate to say that the money put into the rehab considered an expense (i.e. painting, new fixture...

Is it wise to invest in a high tax area?