So i have a SFR that i completely remodeled and have under contract for 65k. We are suppose to be closing next week and the FHA Appraisal just came in. The appraisal came in at 67k  so we are good on that but they ar...

I was having a conversation with a partner on some of his SFR properties in regard to depreciation strategy. He owns three SFR with a monthly cash flow of ~$2600. Two of the properties are paid off and one has a mortg...

Hello everyone,
This is my first post on BP, but I've been listening to the podcasts for several months now. I own a rental property in Washington State that cashflows only a few hundred each month, but has a large a...

I am researching a note I came across. AT first it seems like a pretty standard note. It is a Mobile home with the lot for sale for 45000. The Owner received $20,000 down and carried a note for $25000. The interest...

Hello BiggerPockets family!I just officially finished my first year as a real estate investor and I wanted to share a summary of what I did, what I experienced, and the lessons I learned. I hope this will be helpful f...

I received an inquiry from someone wanting to view a 1bed/1bath apartment with 452 sq.ft. It's very clearly labeled and described, plus the pictures make it clear that it's a small apartment. Here's the kicker: her an...

I'm currently trying to help my parents get out of their house. One had a heart attack, the other had cancer and they are ready to retire and downsize. They have a 3,900 sq ft, 4-sided brick house with a finished base...

Anyone have any experience turning a larger SFR into a Duplex?  Basically what would you look for in a SFR to give you this option besides size of course.  What to look for to minimize rehab costs?  Also, if anyone ha...

Hello All, I purchased a property from a turnkey company that was acting as the realtor from a home they had rehabbed, sold and managed for the previous owner. I took ownership on the property 9-29-2021 with the curre...

Hey folks,
Would really appreciate some ideas from the forum CPA's, tax lawyers. My wife and myself are having full time jobs and work 50-70 hrs a week each that puts us in 35% pus federal tax brackets. I really like...