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.
Brian Gerace
Question on Cost Seg in CA
21 January 2025 | 5 replies
Not everybody can: https://www.biggerpockets.com/forums/51/topics/1075919-five-...Also, cost segregation will not help you with your CA state taxes, only (potentially) with your Federal (IRS) taxes.
Andrew Bosworth
Best current commercial lending options for small/mid-sized apartments?
27 January 2025 | 4 replies
I‘ve used Hershey Federal Credit Union for similar sized MFs I have in Harrisburg and Carlisle, PA.
Sean Doyle
Best Section 8 Markets
9 January 2025 | 30 replies
I have found enough business and made enough money not to need to expand outside of this market.Section 8 is a whole different ball game but I find the program is unique in that it's a 3-party relationship adding the variable of a government agency.
Dan Shallcross
Eviction process with a VA loan
23 January 2025 | 3 replies
The loan is with you, not with your tenant, so none of that means anything to them - in fact because you live in one unit and it's under 4, if you were self-managing you don't even have to abide by fair housing laws (at least on the federal level).
John Malone
Are you aware of the new Corporate Transparency Act Coming in 2024 (every LLC)
31 December 2024 | 22 replies
For various reasons, the US government wants to understand the "beneficial ownership" of certain businesses.
Philip Beckwith
Appealing property taxes
27 January 2025 | 15 replies
We bought a property that we feel is assessed by the our local government too high.
Drew Sygit
New Michigan Law: Landlords Can't Discriminate on Tenant Income Source
21 January 2025 | 11 replies
I dont care if the tenant is paying themselves, the government, the tenants parents, etc.
Jake Rauch
What tools to use for researching markets
26 January 2025 | 2 replies
Thanks,Jake For unemployment data and population growth, government sources like the Bureau of Labor Statistics and Census Bureau are reliable and up-to-date.
Doug Kirk
Liens on a property and determining position
3 January 2025 | 8 replies
State and federal government liens like inheritance tax and IRS tax liens are NOT wiped away.