New investor here!We had to replace our refrigerator in our rental, due to the old one breaking. Is this a Capital expenditure or an operating expense?I'm also wondering what the advantages are of classifying one as a...
Now we are not quite ready to begin the above ground work, and it is getting nasty out. winter is not fun...post 13 - foundation coatOnce again the speed of our cribbers pays off in terms of staying just ahead of the...
Hi bigger pockets! First time posting after a couple of months lurking :) My fiancé and I are in contract to buy a 3 story mixed use building in PLG Brooklyn NY which needs a bit of work to get into rentable shape. Th...
Hi,
I was just hoping some experienced lenders could shed some light on their experiences of having to take back a property due to their borrower defaulting on a loan. I am curious of how often you have had t...
Hi everyone, I have been reading everything I can for a while now and I just had a quick question. I have been looking over the sticky on this forum about The REAL costs of flipping a house. Clearly all of these costs...
Hi All,I am selling a duplex for 2.3 mil. I am doing a 1031 exchange. Based on the 200% rule I can buy as many properties I want as long as they don't exceed 200% of the sale of my property. I want to split the m...
I working with an old landlord to sell his property. The property would be for $65,000 and the ARV after repaired would be approximately $428,000. The building is completed gutted and estimate for repairs is appr...
A few minutes ago I was going to respond to yet another "I need a CPA" post and noticed I was currently sitting at 999 posts. So I decided to instead detail how contributing to BiggerPockets (BP) has helped me grow pe...
Hello,I am planning to buy a single tenant commercial property.I am new in this field. I will appreciate it if experienced members of the forum can give me some pointers as to what to look for and what to avoid.
Than...
Hey there!Hoping my lack of BP activity doesn't turn people away from my question. Been gaining experience/knowledge about real estate investing and rehabbing through first hand experience the past five years with my ...