Mark Yuschak
Came across a "wholesaler"...
My wife and I located a "FSBO" home and called on it. The seller is not the owner, he's acting as the agent, but not licensed by the state (he admitted that). He says he brings buyers and sellers together for a fee....
Mike Trzaska
Small Mixed-Use Commercial Opinions
I've been actively looking for my first rental property in the Cleveland area for the past few months, primarily I was focusing my search on duplexes, tris, and quads. I've recently been looking into small mixed-use c...
Kyle Burkhardt
Repair after repair after repair
Hi BP members,My business partner and I, @Sean Edward O'Brien , recently purchased a buy and hold duplex in Kansas City, MO. The cash flow is "great" and the property easily satisfies the ever-so-important 1% rule. ...
Scott Russell
Fix and Flip - Need advice keep or sell
Purchased the house with cash (3bd/2bth). The renovation cost was half personal money other half HELOC from other rental. The carry over cost with utilities and HELOC interest payments is about 1k a month. I still hav...
Daniel Young
Finding Funding for my First Rehab?
Hello BiggerPockets family! I hope all is well in your investing journey! I am officially under contract on my first property that will become my first investment. I am going to BRRR/Live-in Flip/House hack this prope...
Linda M.
tax deduction for for items brought separately from renovation
I purchased a multi unit property ,the renovation was included in the mortgage my question is ,when it is asked on the tax for depreciation the purchase price do i use the sale price of the property or do i use the s...
Luc Boiron
Experience with scheduling multiple contractor bids?
I'm leading up to the closing on my first flip (details on this to come later).I'm in the process of getting quotes for the work to be done. I've gone through the property, laid out all the work I want done. I am aski...
Edward B.
Tax writeoff on a charitable donation of property in Virginia
I attended a local REI meetup last night and the guest speaker was an auctioneer with 37 years of experience in RE investing. He was selling a strategy of buying properties on cheap because they were good for nothing ...
Payman A.
Depreciation recapture
Hi all. I'm a bit confused on this issue as I read about depreciation recapture being taxed as "ordinary income" then I see mentions of a "flat 25% rate". I have a 3 part questions:- So will the rate depend on your ...
Robert Steele
Section 8 Premium?
I have one section 8 rental that I keep in my portfolio because it kicks off so much cash flow.
I can't seem to keep ahead of the rents. I'm getting a little above market rent right now but I know that sectio...