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24 January 2025 | 12 replies
After 14 full years, you will receive your return of $380,000 back + your ROI of $41,315!
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31 January 2025 | 5 replies
If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!
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22 February 2025 | 12 replies
•Managing accounts payable and receivable•Reconciling bank accounts•Generating basic financial reports (e.g., Profit & Loss statement, Balance Sheet)Credentials:No formal certification is required and may or may not have a high school diploma, but some bookkeepers pursue:•QuickBooks ProAdvisor Certification•Certified Bookkeeper (CB) from the American Institute of Professional Bookkeepers (AIPB)•Certified Public Bookkeeper (CPB)Caveats:Bookkeepers do not handle and probably should not handle tax planning, financial analysis, or compliance work.
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21 February 2025 | 28 replies
In the city of Racine, I have noticed the the property values are low compared to the amount of rent you can receive.
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31 January 2025 | 3 replies
I entered criteria into Zillow and then received postings.
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10 February 2025 | 17 replies
I would just recommend renting their modem so you are always receiving the highest speed possible.
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28 January 2025 | 7 replies
You need to wait until you receive the deed before rehabbing the property.
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7 February 2025 | 6 replies
•However, if your wife or her direct family members receive a financial benefit from the sale (e.g., inheritance distributions from the proceeds), the IRS may consider it a related-party transaction.3.Two-Year Holding Requirement•If the IRS deems this a related-party transaction, you’d need to hold the new property for at least two years before selling or exchanging it again to avoid disqualification.
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10 February 2025 | 8 replies
Wishing you the best of luck and looking forward to receiving your response.
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6 February 2025 | 5 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.