Mark Forest
Is sewer fix a repair
Is the $3600 I just spent to fix a broken sewer pipe a repair to expense all this year or a capital outlay to be depreciated? This cost includes snaking, excavating pipe, and repairs to pipe. I would think it's an ex...
Urvashi Vasishtha
Political results impact the real estate industry. Yes or No?
Had an interesting discussion in the Department Heads group today where our CEO who has done more than 3000+ transactions and has an industry experience of 20+ years opined on the possibility of the election results i...
Michael Gayer Jr
Just started an LLC, can I change tax election? (Disregard to S)
Aloha Investors,I have a Tax Question ...I just started an LLC on November 16. Can I change tax election? Change from Disregarded to S-Corp. I haven't done any transactions yet. Thank you in advance,Mike
James Sreewarom
30% withholding tax for foreign investor.
Hello.I have a foreign friend who is interested in invest in rental property, but there is one concern that he has to pay 30% withholding tax. We agree that I will be a manager for finding good deal since I know the m...
Nancy B.
Depreciation/Safe Harbor Question
We have a rental property, which is a single family house. Bought it a few years ago for about $35k, so basis is low. In April 2017, we had to re-tile the whole bathroom floor and some of the wall with ceramic tile, w...
Stuart Mcormick
Buy with LLC then revoke S-corp status
Buying property with my LLC that's taxed as an S-corp. Since S-corp is a bad choice, I will revoke the S-corp status. Must I do that BEFORE I purchase the property? Or is it fine to just revoke the S-corp status at ...
Pier Di Giorgio
Does Partial Grouping Election Exist For Rental Real Estate?
Hello BP community, I am an investor who owns 8 properties. Can I make a partial grouping election which includes only half of my portfolio? For instance, grouping only 4 of my rentals? thank you, Pier
Jordan Thompson
Sub-Metering a 10- Unit building Water/Elect/Gas
Good afternoon bigger pockets,Currently I'm debating on getting a 10unit complex all 1bed/1ba. The income is great and is within market for my area. The current owner only has one gas meter, electric, water and sewa...
Sylvia Tsai
Need contractors -total Stockton rehab-roof, kitchen, yard, elect
California, Stockton single family needs a total rehab - Roof, paint, kitchen, bathroom, all rooms, flooring, yard, electric ... you name it.
flexible start ~ Nov - Dec
Looking for a good contractors with a reasona...
Norman Berman
How will the election affect the multi-family market?
Hey folks,
What are your thoughts for how the multi-family market will respond to the election?
Since Washington D.C. has stalled a further stimulus bill, layoffs and unemployment filings are continuing apace.
The ...