Caroline Liu
Tax Question - How do I report listed ppy depreciation on 8825?
Hi, I am trying to fill out forms 4562, 8825, and 1065 for a partnership. Form 4562 is all done and contains depreciation from our rental properties and one listed property. The deprecation from this form is supposed ...
Anthony Collier
New Fan of Bigger Pockets!
Hello, everyone! I was recently recommended to check out the Bigger Pockets: Real Estate podcast by my real estate coach. Not only with me being a brand new agent here in Cleveland, Ohio, but someone who wants to lear...
Owen C Davis
Underwriting OpEx and Rehab Costs in St Louis
I am looking to purchase an 8-unit property in the Skinker/DeBaliviere neighborhood of St Louis. I have identified several properties that fit my buying criteria, but I am having a hard time underwriting OpEx for the ...
Ben Matityahu
Purchase in a Flood Zone
What are the thing to be aware of when buying a Multifamily property in a Fema flood zone as far as insurance is concerned? 1. is it very costly ? what are the potential costs ? 2. can a new purchaser denied from purc...
Ronald Black
California LLC Franchise Taxes
Is there a way to change title to a property out of an LLC to avoid paying the California Franchise Tax. Someone said putting into a trust might work. Any ideas?
Corey Besner
Dumpster Rental Cost?
Who can tell me what I should expect to pay for a dumpster rental in the Malden MA for a rehab project? And where can you recommend that I get the best price for one ?
Thanks!
Account Closed
How Should I Depreciate a Sewer Line on my Taxes?
I had a sewer line collapse in my duplex last fall - the old clay pipe collapsed, causing black water leakage into my basement and I called in Roto Rooter for an emergency containment and restoration since I had tenan...
Jonathan Makovsky
Good Low Cost Closet Ideas?
Hi BP'ers,We are finishing up a flip and expanded the master closet to give it more room. Has anyone used or seen some good lower cost options for making the closet nice, without going the California Closet route? Tha...
JR Paulemon
Want to invest in Multi-family in Orlando, FL near UCF!
I am new to BP and looking for some great advice from investors in the Orange County, FL area. I am looking to invest in multi-family homes in Orlando, FL around University Dr. near UCF. I live in Brooklyn, NY but my ...
Rod Blunk
Looking at a flip property that has asbestos shingle siding
All,I am looking at a nice potential flip property but it is disclosed the outside is asbestos. I believe it is the shingle siding. For estimating purposes:1. Do I need to replace them (most likely for resale right)...