I own 25% of a 3 apartment house, the other 75% is equally owned by three of my relatives (4 of us each own 25%). The house is fully paid for and currently is fully rented out (none of my relatives live there). The th...
I love Bigger Pockets. But occasionally I have a suggestion for an enhancement that I think would make it even better. To the Bigger Pockets admins: are you interested in feedback on the site?I don't expect that every...
Good Morning,
Can I 1031 into a multifamily that I intend to live in and avoid paying 20-25% down?
thanks in advance!
Alex
Is Cash Flow the Only Thing to Focus on When Looking for Deals?
Hey everyone,
Still new to learning about real estate investing, specifically rental properties. I was wondering, what are some good methods for bookkeeping when it comes to rental properties? I struggle with account...
How if ever will taxes be assessed to money taken out of a home equity credit line.
One example,
I buy a house for $100,000
I take $20.000 out of my HELOC
At some point I sell the house for $200,000
Do I owe taxe...
I have read many articles about the taxing of your property, depreciation etc.One thing that is lacking everywhere is when you sale your home does the IRS include your rehab cost in the calculations?For example:I boug...
I manage a hand full of STRs here in Central Oregon had some tweakers come through and do about 10k-20k in damages probably. Bled all over linens, let kids rub slime into carpets, stabbed coach with a knife. It was ...
I use TurboTax to do my rental property taxes on multiple properties. My properties are within a 1 mile radius, but I'm spreading trips across multiple properties. Is it a better strategy to record all mileage ag...
I'm turning tenants right now and the departing occupants have dripped wax into the carpet that was brand new before they moved in. I have two thoughts on this. 1) charge for my time to remove it, which was not 100% s...