Joseph Lamon
Taxed on rental income if still paying mortgage?
Hey guys!I am still very new in this industry and need some help here. I managing my mother-in-laws property and taking care of everything for her via POA. I know ultimately she will have to file the 1099 but are you ...
Albert Yamoah
Do you really have to make mistakes to be a successful real estate investor?
Hi guys,I've been a member since last summer, and I'm really excited to begin investing in real estate. After listening to all the BP podcasts, I've come to realize that @Joshua Dorkin does not believe that a real est...
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Furniture allotment?
My brother-in-law and I purchased a rental property in a "hot" beach area this spring. We only made 20% of the rental income that the agent and the rental company told us we would make and now I want out. The develope...
Anand Mundada
Detroit - things to research before investing
I got attracted to the Detroit area for real estate investment because of affordability and amazing cash flow. What things should be careful about my investment properties? Few things which I read about Detroit is1) p...
Lucy Can
How to do taxes on Property Development
We bought a single family home near downtown Denver, gave it to a builder for constructing a duplex after doing a quit claim to an LLC in 2018. The Duplex finished building in Summer 2019 and we sold it in fall 2019. ...
Justin D Schwartz
Credit Problems?
Liz Weston: The best ways to build credit nowNEW YORK – Oct. 18, 2016 – Once, building credit meant taking on debt – sometimes expensive debt like a car loan or a credit card with a high rate.Today, it's possible to ...
Jack Yen
post closing issue with appliance disappearing
Hi BP experts,
I closed my first long-distance real estate property in Memphis on Sept 27th Friday. We did a walkthrough and all seems fine, appliances were there. For some reason, my real estate agent told me she go...
Mauricio Quintana
Contractors w/o a GC license, is this normal?
All,I'm investing in a market outside of my own and have a couple of properties I need rehabbed. I found a couple of contractors who came with very good references but after digging a bit, I find out neither of them ...
Jeremy Janszen
Short term rentals and non-passive income tax classification
Hi all - I know this topic has been hit on a few times but I wanted to ask my question in a very specific manner to get collective expert feedback. I understand I should consult my CPA, and I will. They are, however...
Maria Johnson
Bonus Depreciation/Cost segregation for 2022 and 2023
I am a real estate professional and my spouse has a regular job that makes most of the money (w-2), he makes about 300K and sometimes gets bonuses.I plan to buy 2 properties in 2022 as short term rentals and 2 condos ...