Hey all! After listening to the last episode about bonus depreciation, it left me thinking about my home I recently converted form primary to rental. In the episode it was said that bonus depreciation had to be taken ...
Hello,
Does anyone have experience where some transfer funds were missed since it was not captured in the rent roll provided by seller?
The specific situation is that an inherited tenant moved out at the end of thei...
Last week I broke down a deal for an investor of mine in the Chicago area so I wanted to break down another. Investor was buying a 3 unit. List price $199,900. Rental income $2500 ($1000/800/700).After back and forth...
I am working on closing a duplex (my first). The seller has made $5000 in repair concessions after the inspection.
I would still like to finance the full amount ($98K), so I have ready funding. Should I figure out ...
I have always heard capital gains is terrible, etc... but I have a business partner in another venture and he says when you pay taxes it's meaning you are making money.The other thing is my ordinary tax is at 37% (fed...
Hello BiggerPockets family, My situation: I purchased a 4plex with FHA loan on Nov 2021 at 810k on Richmond, CA(Contra Costa county). County is saying that my property tax is close to 16k(1.94% of the property value)....
I am looking at purchasing a house via online auction. It states the seller will "pay delinquent property taxes and any delinquent HOA assessments in accordance with the applicable Purchase Sale Agreement."
It also h...
Hi guys, first timer on this website. I just recently signed up a few weeks ago. I am currently debating on whether to sell my rental property in beaverton oregon (formally my first primary home) or to keep it rented ...
Existing-home sales rose all over the country in September, reports NAR. They also say much of it is due to the first time home buyer tax credit approaching the deadline.
What do you think will happen after Nov 30 if...
Check out this bit of socialist propaganda, which is clearly a thinly veiled attempt to promote the government seizing an ever-increasing proportion of our income!
If a new study is correct, some of the most taxed pe...