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Results (10,000+)
Brett K. What's your favorite security set-up for protecting vacant property?
7 February 2025 | 4 replies
I'd love to hear what other people are doing and recommend; tips and tricks for guarding a vacant property. 
John Chapman Reporting loss from a rental property fire and the insurance proceeds
6 February 2025 | 10 replies
If you spend the entire $300k restoring the property, then here is the end result:- deductible casualty loss of $50k- no current tax- the restored property has $0 basis and cannot be depreciated- when it is later sold, the entire sale price is taxableMechanics and reporting are tricky, and I would not recommend to DIY it, especially since my scenario is over-simplified, and your real scenario is likely to involve more gotchas.Thanks so much. 
Cecil Shannon New Member in Shasta County, Redding area of CA.
8 February 2025 | 29 replies
Hey Cecil, if you have the capital to operate locally, and it fits your goals to do so, I highly recommend doing that.Congrats on securing your primary though.
Marlena Hawkins Property Management Insurance
29 January 2025 | 2 replies
., property management companies aren’t legally required to carry general liability insurance, but it’s highly recommended for protection against bodily injury or property damage claims.
Cate DeBates Mankato Mixed-Use Investment (Retail, Multi-Family)
28 January 2025 | 1 reply
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Greg Strunak Cash flow/ passive income
30 December 2024 | 6 replies
@Greg StrunakA good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
LaShon Evans New Late Start OOS Investor - concerned about assets/need LLC?
7 February 2025 | 14 replies
Most professionals will recommend a separate LLC for every $1 million in assets, but I don't think that's necessary.
John F Alepin Hello BiggerPockets! New PRO here
29 January 2025 | 3 replies
I recommend beginning with a turnkey property.
Magdalene Leon Looking for advice on backflip lender
6 February 2025 | 30 replies
I recommend getting a few quotes and choosing one that is right for your financing strategy. if you are trying to get fix and flip money there is a wide disparity in rates and charges.
Hector Haro Property Management Software for 100+ Doors
29 January 2025 | 3 replies
Can you recommend a management software for managing 100+ doors I tried Cozy.