Daniel Chen
Section 179 Question for rental business
4 January 2025 | 11 replies
But the rental too does have to meet the "active conduct of a trade or business" threshold, which does mean you wouldn't qualify to use section 179 if you have a rental that is managed entirely by someone else and you aren't at least overseeing it and making decisions about the management of it.I mostly disagree with the reply suggesting that you need to have an LLC to take the section 179 deduction.
Doug Kirk
Liens on a property and determining position
3 January 2025 | 8 replies
The most reliable method to locate liens and their positions is to conduct a title search through a title company.
Samuel Gebretnsae
Seller said "He is not required to disclose water damage repair done"
8 January 2025 | 27 replies
The seller responded that since the issue was repaired and he believes there is no ongoing problem, he did not think it needed to be disclosed.When I asked him to extend the inspection period so I could follow up with the repair company and conduct my own inspection, he declined.I disagree with this interpretation.
Jason Khoury
Purchasing Vacant Home from Non-Profit
12 January 2025 | 6 replies
After conducting some title research, I discovered that the property is owned by the local nursing home, which is affiliated with the church I attend.
Allende Hernandez
Do you run screening in all the potential tenants?
11 January 2025 | 15 replies
Typically, we conduct background checks on only the individuals who are responsible for the lease (primary resident) and/or cosigners.
Bruce M.
Large RV or Boat - Tax incentives, Tax strategies
13 January 2025 | 7 replies
I could perhaps use Section 179 for the solar overall, as solar would be necessary, although not ordinary to conduct R & D.
William F.
What are your experiences with the different land ed course available?
26 December 2024 | 8 replies
From there, it requires the ability to conduct underwriting the highest and best use of a planned project, which requires a pro forma built by the user or acquired from a competent 3rd party.
Dean Klein
True dimensional 2x8 insulation question
31 December 2024 | 4 replies
Windows would be my next check-point (less than R1) and then wall insulation: I would not be surprised if they have no insulation inside, but you can do blow-in, which only requires a small hole.A home looses heat in two ways: heat conduction (which you can slow down with insulation) and drafts, which in old houses is usually the biggest culprit.
Frank Alfano
New to BiggerPockets: Seeking Tips on Private Lending - Finding Multifamily Property
22 December 2024 | 12 replies
In additional to conducting educational workshops, I also write blogposts for their websites.
Jayleco Mcgaughy
New to Wholesaling: Seeking Tips and Guidance to Get Started in Real Estate
31 December 2024 | 2 replies
Get familiar with the laws in the state you will conduct business in.