Denny R.
First deal done! First rent check in the bank!
Finally got my first deal done!!! It was a hell of an experience, but I wanted to receive my first rent check before I posted my success story.Quick background on myself: I am 25, finance degree, work full-time, aspir...
Ryan Evans
Being a lazy millennial is starting to pay off
I’ve always been the laziest person I know. By far. From childhood, I never really saw the point of having a job. I knew some people didn’t have jobs, but made a ton of money and did whatever they wanted. I just figur...
Michael Plaks
Syndication losses against active income
Posting my response to a client's question, in order to get my colleagues input on this issue.Q: I have an investor who is actively investing in real estate on their own & have no f/t job. So spending enough time ...
Tarl Yarber
SOLD! $76,000 Profit On A Nightmare Flip - I feel like a beginner
Hey Bigger Pockets! Once again, I am starting one of my posts out by making the disclaimer that I truly would like to post more, and share all our successes and failures so that everyone can learn from them. It take...
John Moseley
Has Anyone Heard of Tim Bratz?
Has anyone ever heard of a rehabber by the name of Tim Bratz? A buddy told me about him and I'm curious to know if anyone has worked with him or knows anyone that may have worked with him.
Account Closed
How are investors preparing for SALT cap of $10,000 now
The new tax law starting in 1/1/2018 states you’re now capped out at $10,000 for SALT. There is no distinction between investment and home ownership in the law. That means you can’t legally deduct anymore then $10,000...
Jack B.
2/5 year primary residence IRS test
What if you lived in a property as a primary residence for 2 years, and rented it for 4 years, then moved back into it for 2 years before selling it? Does it still qualify for the capital gains tax exclusion or will o...
Aaron Ingram
Quote Architectural Drawings
BP Community,
I have a quote for $7500 for architectural drawings on a rehab we are doing. It's a 1300 sq ft house, we are enclosing the garage and we are also doing a drawing to add a carpoint aside the house. Wonde...
Wendy Black
Covid Could Be a RE Disaster
What do you think?
We're waiting to see how it affects the tenants in our houses and those whose notes we hold.
https://www.ocregister.com/2020/03/24/l-a-billionaire-coronavirus-puts-real-estate-on-brink-of-collapse/
Chanté Owens
Sacrifices to get into RE
Hopefully this is in the right section. Mods, feel free to move if it's not.
I've been reading on this site now for well over 8 months, and recently joined so I could communicate with some of these great mi...