Good news everyone, the $500 de minimis safe harbor limit was increased to $2,500 for taxpayers who place property in service, that are NOT required to produce an audited financial statement(applicable finance stateme...

Hey Bigger Pockets, new landlord-to-be here.We close on a new personal residence in March and will be keeping our current home as a rental. We will be doing some rehab work to our current home such as replacing some o...

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $4,900,000

Cash invested: $2,100,000

We purchase a 104 unit apartment complex with other investors by ...

From what I understand the buyer cannot use 1031 exchange money to pay for renovations...but not sure that is correct.
Would it work to get an estimate, raise the price of the house by the estimate and have the title...

I noticed on an older post that it is not easy to change QIs, but one commentor said it was possible.  I am looking to change QIs because my 1031 Exchange shifted from a tranditional one to an improvement exchange.  T...

I planning to have backyard installed in new construction SFH.
I read this cannot be added to the cost basis of the rental property and be depreciated by 27.5 years since it is not an improvement to the property.
Bu...

I'm currently living in a house that I want to convert to a rental.  I've been told by a couple accountants that I can have repairs done while I'm living here and still deduct them - that I can justify that these were...

Hello BiggerPockets community,
As a first-time homeowner in Florida, I've encountered some unique challenges, including the need to pay for an insurance policy upfront for a year in escrow due to the home's initial c...

I own an investment property that my wife and I obtained for a great deal in Vallejo, Ca in 2016. We lived in it for a couple years then needed to move for a new job opportunity. Long story short we rented the proper...

Hello!I own a rental property in Cleveland that's currently going through the Section 8 process. The repairs required by Section 8 after the initial inspection were pretty minimal, but I've heard that there are grants...