So we hired a CPA for the 1st time to do our 2022 taxes.After they completed our taxes, we wanted to see if a cost seg would be beneficial. But to even start the conversation they wanted to charge us for the time. Is ...
Hi guys, does anyone have experience with the "right of redemption" law? So what I am wondering is if a Judicial foreclosure happens and lets say the house is worth $200k. They for whatever reason let it go to somethi...
Hey BiggerPockets Nation! How should I structure an LLC for tax considerations? It sounds to me that an S-LLC might be the best option. Also, It is correct a 2 or more member LLC have less tax liability than a single...
Finding the right property manager is a big decision that will have a HUGE impact on the success (or lack thereof) of your rental business.
In my conversations and experience with a number of property managers, I've ...
There is a foreclosure property, and the owner signed the right-of-way agreement with the pipeline company last year to allow the pipeline company to install the pipeline on the property. If I buy the property at the ...
Howdy, all!I've been lurking on the forums for a few months, and finally came across a topic that didn't seem to turn up any search results: Building a chart of accounts for a rental business.Let me back up and start ...
Hello All, For those who don’t know, the Washington State Supreme Court Decision “Hirst vs. W. Washington Growth Management Hearings Board”, known simply as the “Hirst Decision”, has effectively put a halt to all new...
I just completed a "Four square rental property analysis" for a fourplex in my area, and according to my calculations it has a negative cash flow. Am I missing something, or is this property just that "bad" of a deal?...
Bird dogging to find deals what's the right way of doing it? I don't have a license, but if I did what's are the difference if any. I find deals for to fix and have rentals but also wholesale. Also I would pay for re...
Weighing the options of buying turnkeys due to a full time job taking up the entirety of my work week. I’ve heard a lot of bad things about turnkeys, but there has to be some good to them.