Isadore Nelson
Help Non-Paying Tenant Transition Into Section 8 Eligibility?
28 January 2025 | 15 replies
Sometimes the tenant just doesn't know about them or their situation limits their ability to apply.
Nick Am
Setting up a management S-corp for managing rental property owned by an LLC
23 January 2025 | 16 replies
Since the contributions have to come from the business income (PM biz) it’s not likely you’ll come close to taking advantage of the high contribution limits of a Solo 401k.
Bruce D. Kowal
Being clever when dealing with IRS and State at the same time
17 January 2025 | 1 reply
Here's why:The Multi-State Chess Game:• Client had properties in 3 states• Each state has different deadlines to assess taxes• Federal changes trigger automatic state assessments• Timing the response saved $45K in state taxes🏠 Real Estate Investor Pro Tip:States can't assess back taxes if their statute of limitations expires before federal changes finalize.
Christopher Lynch
How To Start a Syndication ?
10 January 2025 | 9 replies
While I understand the basic structure of General Partners (GP) and Limited Partners (LP), I was under the impression that GPs always had to put 'skin in the game.'
Tre DeBraga
FHA 203K Loan
28 January 2025 | 5 replies
it does allow you to repair things outside of the home to a limit.
Mariah Volk
A few questions!
31 January 2025 | 4 replies
There's other items such as this where it may be helpful to talk to a CPA/EA for a little tax planning, especially since you'll likely get caught up in the passive activity loss limitations if taking bonus on a single rental property as I often see.It's also useful to mention that even if you do the cost seg study (I'm assuming you're doing one to be talking about this), you'll still benefit from accelerated depreciation in the form of shorter useful lives on the assets where you received bonus from.
Jarret Jarvis
Should You Self-Manage or Hire a Property Manager for Your Chicago House Hack?
31 January 2025 | 2 replies
However, if your time is limited or you don’t want to deal with tenants directly, hiring a property manager can make your life much easier—just be sure to choose one with solid local experience.Are you currently house hacking in Chicago?
Al Jecius
Thinking of setting up a backyard wedding venue...help
16 January 2025 | 3 replies
We live just outside of city limits and therefore Coconino county.
Tony C.
Filing a 1065 Partnership return Husband/Wife vs Schedule E
19 January 2025 | 42 replies
Here is what the IRS says on the subject: Election for Husband and Wife Unincorporated Businesses A business owned and operated by the spouses through a limited liability company does not qualify for the election Only businesses that are owned and operated by spouses as co-owners (and not in the name of a state law entity) qualify for the election.
Jonathan Greene
Are the forums on BiggerPockets getting worse and worse or is it just me?
23 January 2025 | 52 replies
Exactly its why I only respond to limited PM's.