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31 January 2025 | 10 replies
Property management fees and software subscriptions are deductible, and depreciation reduces taxable rental income.This post does not create a CPA-Client relationship.
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25 January 2025 | 2 replies
Under classifieds you can post deals.
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29 January 2025 | 0 replies
Hey All, I saw this post recently about Home Builder Inventory being high, showing signs of a recession coming.
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26 January 2025 | 0 replies
I have not posted in some time, and I must say I feel of the wagon.
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26 January 2025 | 54 replies
Originally posted by @William Kyle Walker:How do the mentor groups work?
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1 February 2025 | 11 replies
As for the rest of it, you can find a lot of useful tips on past forum posts along with podcasts and youtube material on the topic (BP and other RE sources).We've self managed STRs for a few years.
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27 January 2025 | 3 replies
I’ve been part of the BiggerPockets community for a while, but this is my first post.
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4 February 2025 | 4 replies
Keep us posted if you find out anything interesting/new.
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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.
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3 February 2025 | 6 replies
I agree with @John UnderwoodI remember you posted about arbitrage last week.