Carolina Solorzano
Anyone investing in STR in Niagara Falls?
14 January 2025 | 17 replies
I've gathered more knowledge than I can implement with all the BP content and other materials, lol.
Rene Hosman
How much time do you spend prepping for taxes?
14 January 2025 | 28 replies
I remember spending entire weekends crunching numbers, gathering receipts from random shoeboxes and backtracking through countless transactions in my bank account.
Jeremy Jareckyj
Mid Term Rental Agreement
29 December 2024 | 15 replies
., no parties, gatherings or additional overnight guests).
Rachel H.
Unresponsive Tenants - Help!
4 January 2025 | 4 replies
I know that their email is accurate, and that is not the issue.
Angus Brooks
Tax Implications for Refinancing a Property in an LLC and Distributing Funds
16 January 2025 | 12 replies
When filing the LLC return, it is important to ensure that these liabilities are accurately reflected on the balance sheet.However, it's essential to note that distributing the refinance proceeds among LLC members could potentially be viewed as a taxable event if there is no intent to repay these amounts to the LLC.
Jared Fisher
Cleveland Property Manager Recommendations
11 January 2025 | 9 replies
@Jared FisherRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
David Woodside
500 hour rule - material participation
15 January 2025 | 12 replies
You would essentially be working 50-60 hour weeks when combining with your full-time job and the real estate to qualify.If you have a detailed and accurate hours log, it is possible but just note that it may raise scrutiny by the IRS.
Augusta Owens
Planning my process
9 January 2025 | 5 replies
I'm in the information gathering stage so any and all insight is greatly appreciated.
Nicholas Haubner
4-family to 5-family with owner occupied unit
4 January 2025 | 5 replies
That's the reason there are so many fourplexes and so few fiveplexes or even sixplexes.From what I gather, post offices and utility companies rarely care much about the permitting/zoning issues, so it probably wouldn't have been hard to get those set up.
Griffin Brenseke
Sell or hold an investment property (4.75% rate)
13 January 2025 | 7 replies
If your agent’s estimate of $280k is accurate, this could be a good time to sell.