We are taking a second mortgage out on our house to purchase another home. Backstory is we wanted to buy a new home and had to sell our current to make this happen. Put in a contingent offer on a home and got accepted...
ok trying to figure out the limitations on the up to 25,000 loss on rental properties. So let’s say married and over 150,000 in annual income. Does that automatically mean I can’t take a lose at all and any loses ro...
Hey! I recently bought a book called "The Complete Guide to Contracting Your Home" by Kent Lester and Dave Mcguerty (link to book below). At the beginning of the book the authors claim you can save up to 42% when you ...
Hello, I am new to this and want to get into real-estate. I am a vet and I looked up and seen I can use my va home loan towards a multi family home as long as I'm living in one of them. My question is has anyone ever ...
I have tenants who are not the cleanest. Plain and simple. Wife says she has a moth problem and asks me if I have the same problem (I don't) because I live next door and asks if she can get it looked at. Makes me feel...
Hello Everyone!My name is Derek and I am new to BiggerPockets. After years of kicking around the idea of getting into RE Investing, now!, I am finally in a position to jump in.I currently live in Southern California,...
I have a couple questions, but I guess this is as much a venting post tooQuestions:1) The W9 form has check boxes for C Corp and S Corp. Since we don't need to fill 1099-Misc for corporations do we not file it if one ...
I would like to purchase a lower value performing note within my SDIRA but would like to partner with a fellow investor who does not have an IRA. Example: Performing note, $15,000 paying 15% interest only then payin...
Hello all,I'm currently a buy and hold REI in the Syracuse, NY area. In an effort to shore up my savings, I was planning on wholesaling off market properties in the Queens area. If anyone is wholesaling in NYC, could...
I am very very new to this. But my coworker wants his house off his hands and I am not sure where to start to find a buyer or how to wholesale. I am currently reading the beginners guide. I would need a contract of c...