Richard Benjamin Wilhite
How to Find "Cost" Basis for Inherited Land prior to 1031 Exchange?
19 January 2025 | 9 replies
Sometimes it makes sense to have a back up plan for a DST.
Cody Caswell
Save Hours at Home Depot + Lowe's
18 January 2025 | 0 replies
It gives visual confirmation of the project plan to everyone involved.
Zachary Rosa
1031 or not!
11 January 2025 | 7 replies
You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1 Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.
Greg Grisez
Tenant shot & in the hospital
11 January 2025 | 18 replies
She informed me that she & her sisters plan to take care of the rent so he still has the home when he gets out of the hospital.
Patricia Andriolo-Bull
Stessa - 179 deductions
10 January 2025 | 12 replies
Not even Balance Sheet.I don't know if they changed their model since the change of subscription plan but it isn't ideal to use it as depreciation or amortization.They do have a balance sheet.
Christopher Jennings
Hello from a new member from Gilbert/Phoenix and the surrounding cities
6 January 2025 | 6 replies
Dennis' dad and I actually tripped over something similar back in Chandler.. we learned to tap into city planning websites and even call the permit offices directly to get a real sense of their backlogs.
Fred Scott
Feedback for Sunrise Capital Investors
12 January 2025 | 9 replies
Their plan is to raise rents (on the poor remaining souls, improve infrastructure and exert some sweat equity.
Scott Trench
Can Someone Please Explain Why A "Wholesaler" Would NOT Get Licensed?
18 January 2025 | 13 replies
The transaction is insured via E&O.
Jacob Havlovick
Duplex House Hack
13 January 2025 | 6 replies
@Jacob HavlovickBigger Pockets is a great place to find a real estate tax accountant.A 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.
Patrick Russell
Debt pay down with 401k
30 December 2024 | 2 replies
My mortgage increased earlier this year as my home owners insurance went up due to the company closing and my escrow didn’t have enough to make up the difference so I’m kind of pay check to pay check right now.