Patrick McCabe
Can I deduct expenses incurred prior to listing my STR?
I purchased my property in October 2018... however I did not list it on Airbnb until January 2019...therefore I had no rental income in 2018.Can I still deduct expenses such as mortgage interest, property taxes, depre...
Mansi Kothari
Help me analyze this deal in Brooklyn, NY
Hello there, I would appreciate some extra eyes on this deal. I've run it a few ways and would like to better understand if this deal makes sense in a market like Brooklyn. Welcome your thoughts and suggestions. Thank...
Craig Parsons
Hot mess with a renter/squater how to get hew out ASAP
So this here is a hot mess. My Ex-wife currently lives in my fathers home. She has lived there for 8 years paying no rent as he was trying to help her out. Now the situation has occurred that we need to rent the hou...
Josh Robbins
My First Deal - $60k Duplex - What do you think?
Hi All,9 months ago i decided i wanted to invest in real estate and i'm finally taking action and got my first investment under contract (home inspection next week). I've run the numbers but would love to hear what p...
Account Closed
Better Markets to use my seed capital in retirement
I am about to formally retire, but I would like to buy land and build a nice new simple home somewhere warm. Any ideas? Where is affordable for new builds with quality builders?
Will Vera
House hacking question
How's it going guys? I'm from NYC decided to invest out of state. I've read about house hacking on a multi but I need some insight. Would it be possible to house hack in a 3 unit multi out of state leaving one unit va...
Matthew Mucker
Where does the 50% rule come from?
I know the "50% rule" is bandied about as gospel here in the forums, but haven't seen any actual, hard data that says that operating expenses tend to be ~50% of gross rent income. I'd like to verify this number is, in...
Lisa S.
Need ideas on how to cut expenses
hi all, I have 2 small multi family (4 units) and I am getting killed on expenses each month. They are averaging $3500 each month and that's before the bills are paid. Most of the tenants are section 8 and call for re...
John Son
Opportunity, or not?
Hello everyone! I'm a new member looking for advice about an opportunity I've been given.Due to my new job at a large mortgage lender, I started listening to BiggerPockets to familiarize myself with the real estate in...
Amir B.
Duplex Analysis
Hello BP Community,I found a deal near my work. It's a two bed/two bath duplex. Asking is $435,00. Lot: 8,276 sqftMulti FamilyBuilt in 1950Price/sq ft: $194Both units are vacant. So, no tenants in place. I am interes...