Hello Bigger Pockets!My name is Errol Watson. I live in Mount Olive, NJ.My only real estate experience is being a tenant, and working as a mechanic to pay my landlord.My immediate goal is to improve my credit enough t...
So I've saved up some cash, currently am living internationally, and am eager to start building a small portfolio. My strategy will be to rehab distressed sub $100k homes (target average: $75k bought and rehabbed with...
Hi,I apologize if this question has been asked. If you form an S Corp with your properties and your building has losses, can you write off those losses against your AGi?
Hello BiggerPockets Community, My name is Michael Marquis and I'm about four weeks away from moving to South Portland, Maine to start a Property Management company specializing in managing affordable residential multi...
If a Cost Segregation Study had not been performed on this $595,685 single family home located in Miami, FL, it would have had first year depreciation of approximately $22,000. Thanks to the Cost Segregation Study, ...
A cost segregation study was performed on this residential condo in Herndon, VA purchased in 2017 with a depreciable cost basis of $151,518. The condominium is 1 story and 1,333 square feet and was constructed in 2016...
A cost segregation study was performed on this residential condo in Jupiter, FL purchased in 2022 with a depreciable cost basis of $672,870. The condominium is 2 stories and 6,540 square feet with 8 units and was cons...
This intended only to open discussions on the changes that affect investors. This is to help you know what questions to ask your CPA so you can do a better job of tax planning. I am not a tax guy or a tax attorney so ...
Would any of you guys recommend installing solar panels to BRRRR? I would also include the electricity in the rent bill if the proper offset is there. Reason I ask is because I installed solar panels in my primary res...
I am currently working toward a property that has 3 buildings on it, each building consists of 4 townhomes, and for a couple of reasons I cannot/do not want to purchase the whole property at once. The townhomes are n...