Tony Iaconelli
Out of state move & looking to purchase a 4 unit to house hack.
Hey BP community. My wife and I are about to go through a big move to another state (Marquette, Michigan). My wife will be attending Northern Michigan University this August. We currently live in Illinois, just west o...
Michael Elfant
Writing off real estate commission on your own deal?
Hi all -Tax question. If you are a licensed real estate agent and end up selling your own property, do you still get to write-off the real estate commission against your profit/loss on the sale?
Tara T.
Chicago / Illinois rental property
Hi, I am looking to sell my rental property in Edgewater and want to buy a rental property that generates good cash flow shortly after the sale to qualify for a 1031 exchange. Do you have good recommendations on which...
Amanda B.
New here and first bout with awful tenants
Hi everyone! I am new here and still relatively new to renting my house out, even though I've been doing it for about 7 years now. I'm only on my second set of tenants.My question/situation is:I rent my old house. The...
Chad S.
Fed Tax Lien on Distressed Property/Owner Passed Away
Hi Folks,I have some questions about a property that I am trying to acquire in Montana, but it seems to be quite a complicated issue. I will not try to drag out this post, but some background info is required to unde...
Jimmy Ready
Deal Analysis Numbers
Hello! Running the numbers to a local property in my area Westchester, NY . I know this deal is not so good as the CACROI is very low but my main interest is if my numbers/formulas are correct. I've been scanning the ...
Andrew Postell
3 Important Changes to Texas Home Equity Laws
The “SJR 60” went into effect January 1, 2018 and while we could spend all day on the language there were 3 really important changes to Texas Home Equity Laws because of this legislation passing. This is just for Tex...
Lamont Pelaez
Rates/Down Payment for a Duplex in Florida
I'm looking to buy a duplex currently in St Petersburg Florida. The price is 150 k. I'd like to be able to put down 10 or 15% but I am finding that it is a little more difficult to buy a duplex than it is to buy a sin...
Jason Wright
Pre-approval for an FHA 203(k) loan or a USDA loan?
Hello BP!This is my first post in the BiggerPockets forums - I searched through the database and didn't find an answer to this question yet, but forgive me if I overlooked it somewhere. I am currently going through my...
Jonathan Taylor
Did you do this for your first loan?
Hi folks,
I’m planning to buy a multi family in so cal and ran into an issue with my lender.
I make high 5s a year but am an independent contractor so I write off a lot of what I make to take best advantage of taxes...