I'm setting up my first 1031 exchange on a duplex sale that I lived in part of. The house was two units but they are not equal size. I'd estimate that our unit was %65 of the house. Does it go by percent of squar...
I am growing a digital marketing business and I plan on purchasing my first rental property in about one year. Would it be possible for me to consider my down payment a business expense when I file my taxes next year ...
HelloI bought a six plex 17 years ago in San Diego for $215k and after 4 years I refinanced it for $290k. The loan after 13 years is now $210k. If I sell the place and have the 1031 pay off the loan and invest all the...
I am about to make an offer on this Duplex and would appreciate if you guys could double check my logic and point out anything I may have missed. I have my financing lined up. Both Units are leased and agreements have...
Hello All! I recently purchased my first investment property - its a 3-family and I am living in one unit. I am doing a major renovation to the rental units before I rent them out. Anyway, I was wondering, do you k...
Hi BiggerPockets Community,
I’m looking for advice on breaking even or generating positive cash flow with my studio condo in Prospect Heights, NYC. Here’s the situation:
Purchase Price: $540,000Down Payment: 20%Mort...
I am going to be lending to an investor on a single family home. There will be renovation of the home that is $82,500 worth of renovation. The Homeowners Insurance will include Builder's Risk. During this renovation...
I bought my first multi-family home in 2024, and I am living in it. As far as I understand, as I am living in it, I was able to get cheaper down payment options. I intend to buy another multi-family home in 2025, but ...
I have my first rental under contract. Though I understand taxes in a general sense and what to do for my own house I'm in the dark when it comes to whats different for rental properties. What are got strategies to lo...
Ok so this is probably not going to be an easy read, and i primarily write this down to make sense off my own thoughts, but i thought why not let a few of the great BP minds participate and maybe together find a satis...