Michael Overall
Utilities and Interest during remodel Basis or year deduction
21 January 2025 | 10 replies
Your question has been debated between BP tax experts both privately and publicly, for example here: https://www.biggerpockets.com/forums/51/topics/819991-expens...And we ended up where we started: no consensus and no clarity.There have also been court decisions that support my interpretation, even though I personally find these court decisions debatable.
Michael Challenger
First Time Home Flipper Looking to Connect w Lenders
10 January 2025 | 12 replies
The single biggest issue in my way currently is obtaining enough cash, whether it be my own, or through partnerships or family/friend-based lending (which I am very hesitant about to begin with as this could potentially strain relationships unnecessarily when money is involved).
Tiffani Hollis
Appliances - New or Used?
17 January 2025 | 6 replies
People care more about the appearance of kitchen appliances because they are in a public portion of the house as opposed to washer/dryers which visitors rarely see. 4.
Tina Artigliere
Quest Trust Suddenly Closed down Administration on their Solo 401K Plans
17 January 2025 | 24 replies
In our case, we used our CPA, who creates SD 401(k) plans for his clients, though I’m sure he obtains the boilerplate from a facilitator.
Desiree Rejeili
The BRRRR Strategy: A Comprehensive Guide to Building Wealth Through Real Estate Inve
24 January 2025 | 0 replies
The BRRRR strategy is a systematic approach to real estate investing that revolves around five key steps:Buy: Purchase a property, often below market value, that has potential for appreciation and improvement.Rehab: Renovate the property to increase its value, make it livable, and improve its rental potential.Rent: Find reliable tenants who will pay rent, allowing you to generate consistent cash flow.Refinance: After the property is rehabbed and rented, refinance it to pull out the equity you’ve built through the renovation.Repeat: Use the cash obtained from refinancing to fund your next investment property, starting the cycle again.Step-by-Step Breakdown of the BRRRR MethodLet’s take a closer look at each stage of the BRRRR strategy to see how it works in practice.1.
Grant Francke
Buildium Users: Buildium Public Site vs Personal Website
19 December 2024 | 6 replies
Quote from @Grant Francke: For those with using Buildium for property management software, do you use Buildium's public site or do you use a website you have made and maintain?
Dave Bobka
Buying my first investment/rental in 2025!
21 January 2025 | 15 replies
@Dave Bobka @Justin Arnold So, if an investor is looking for a larger, family style home for a Section 8 tenant that is dependent upon public transit, this would be a great property, wouldn't it?
Cheryl A.
Has anyone invested with Djuric Family Office aka Blake Capital Group
26 January 2025 | 33 replies
A lawsuit on public record against them could put some serious harm in their future endeavors especially if they have a track record of bad deals.Note: I am not commenting on the experience of either party noted above and responding in a fashion that this information could be used for fill in the blank company.
Eli Jerman
Taxes for 2024 - First rental property purchases in August 2024
31 January 2025 | 11 replies
We had to read some IRS publications when we were uncertain about a few things.
Account Closed
Post Closing Audit
8 January 2025 | 1 reply
Did you lie to the mortgage co and produce a “bogus” lease in order to obtain financing?