Mike M.
Prior Tenant Documentation Retention Period
I'm on my second set of tenants in my first two properties. I have the prior tenants' application, lease, DL's, paystubs, etc... What is everyone's experience with needing to hold on to this information? I can see ...
Andrew Jones
Renting and Calculating for Depreciation
I'm trying to understand the calculation for depreciation. I used a calculator and entered some numbers to find the yearly depreciation of a rental property. It tells me that it would depreciate in value by 7,700 a ye...
Syed Khan
Live in flips
If an investor is looking for a live in flip, how do you finance your deal? I am assuming hard money lending would not be a good idea because of the high interest rates? Do you do a conventional loan? If so, do banks ...
Mike H.
What is a corner of my lot worth? Its being taken by development
So here is a new one.I recently bought a house in Monee, Il. Its on a corner lot. The road that runs adjacent to it has some funky intersections a few hundred yards away. Well, I'm just wrapping up the rehab this wee...
Jeanne Miller
Is reclaimed depreciation taxed in ADDITION to capital gains?!?
When house is sold, does IRS tax BOTH reclaimed depreciation and capital gains? We have a small house in FL that we built in 1978 and rented out ever since. It is fully depreciated, and is in very rough shape. We've b...
Arpan Patel
Refinancing loans held by Retirement Plans
Hey all,I'm a bit newer to bigger pockets as an active member and I had a question concerning retirement plans and leverage. If a retirement plan owns a rental property (say 5+ units) - leveraged with a non recourse l...
Quentin Mitchell
Appreciation and Cash Flow
Is Appreciation riskier than cash flow?Now we both know that when comes to real estate there are no guarantee's and things vary based on market and individual goals. Also, the risk is different depending on the level ...
George Damianeas
Cozy’s ‘F’ Rating with BBB
Hi All - I recently came across Cozy and signed up but my tenants didn’t feel comfortable providing their bank information given they have an ‘F’ rating on BBB site (https://www.bbb.org/us/or/port...).
Has anyone ha...
Chandler L. Parker
Owner Financed Airbnb - Good or Bad strategy?
What's up BP!
Last Friday in my search for a willing landlord to start my Airbnb business I found a seller willing to owner finance the property. The list price was $284,000 for about three months then got dropped to...
Moses Villarama
New investor introducing myself
Hello BiggerPockets community! I’m new to this forum and thought it would be a good idea to introduce myself and maybe get some tips on where to start out. I live in Oregon as an actor at the Oregon Shakespeare Fest...