Drew Poniewaz
Seller/ Owner finance restrictions on Zillow
30 January 2025 | 4 replies
Again I'm mentioning for future readers to see that price should not be out of thin air..
Mike Levene
House Hacking In Expensive Markets
16 January 2025 | 23 replies
, but we figured that the sentiment wasn't going to change in the near future.
Dillon Clark
New investor on a mission
24 January 2025 | 6 replies
It seems like the perfect place, BiggerPockets, for finding people who are like-minded, asking them questions, and learning how to become a future investor.I believe that no matter how unforgiving the market may seem, the right tools, knowledge, and preparation can help minimize risk and create opportunities.
Account Closed
Will a seller financed deal show up on buyers credit or considered on debt to income?
14 January 2025 | 7 replies
It may or may not show on a credit report, depends on the servicing and you should have the loan serviced.Failure to include the debt on a future loan application is mortgage fraud, wanna go to jail?
Scott Johnson
Scammed by "Estate Legal"
31 January 2025 | 20 replies
Scott has a binding agreement with us that strictly prohibits this type of defamatory, false post, which obviously can cause confusion in the marketplace, for future and current partners.
Karin Recalde
Purchased property listed and sold as a triplex just found out from city it is a SFH
6 February 2025 | 28 replies
Karin,I know I’m a bit late to this post, but I’d like to offer some advice for your future investments.
Dan Noci
How to delete a post.?
31 January 2025 | 46 replies
:I hope you fix this sometime in the future.
Josh Dickson
How to reduce the maximum amount of income tax for a wealthy individual.
7 February 2025 | 10 replies
High earners should also consider estate planning tools like trusts or Family Limited Partnerships (FLPs) to minimize future tax burdens.Given his income level and tax complexity, consulting a real estate-focused CPA is essential to maximizing deductions and optimizing tax efficiency.This post does not create a CPA-Client relationship.
John Burtle
Building my first spec home!
31 January 2025 | 29 replies
Laminate flooring in main areas with carpet in the bedrooms. 4 bedroom, 2 full baths, and the basement will have a full bath roughed in as well as a wet bar rough in. 1 egress window in the basement for a future bedroom.
John Chapman
Reporting loss from a rental property fire and the insurance proceeds
6 February 2025 | 10 replies
However, you can defer taxes under §1033 involuntary conversion if you elect to reinvest the proceeds into a similar rental property within two years (three years if the government condemns the property or threatens to do so, and four years for a principal residence in a federally declared disaster area).To reduce taxable gain, consider:Electing §1033 treatment and reinvesting the full $300K into a new rental property to defer taxes completely.Partial reinvestment, where only the portion not reinvested is taxable.Properly documenting all replacement costs and property details to ensure IRS compliance.Using cost segregation on the new property to accelerate depreciation and offset future taxable income.Since the §1033 election must be made, consult a tax professional to ensure compliance and maximize deferral benefits.This post does not create a CPA-Client relationship.