Tomasz Banas
Using HELOC for down-payment
I plan to purchase & hold my next investment property. I will apply for a loan that requires 20% down. At the same time I would like to apply for HELOC on primary residence to pay for that down-payment. Will that ...
Alex Stepanov
How do I report interest and P&L from notes on 1120?
Hello Everyone,Could anyone please help me understand how mortgage notes are accounted and reported for the purpose of business tax return (form 1120) ? While searching the Net, I found a few different approaches - fr...
Jenny Samedy
New to real estate investing but ready to learn & succeed
Hi all,My name is Jenny and i am new to bigger pockets. I recently moved to Hempstead with my husband after we got married. We both had properties prior to getting married, therefore we ended up renting my house in Co...
Terek Esplin
Building a duplex in the county
I'm in the process of building a duplex about 5 min out of town and that is a bit of a concern to me. Its outside of kanab utah. I just closed on the property this week. The reasons I decided to go outside of city lim...
Garrett Favier
Investor CPA - South Carolina
Hello BP!Looking to move from the standard H&R Block/Turbo Tax models to a professional CPA that understands investors. Currently investing in company 401k, Back Door Roth, Stock Market and have 4 rental properti...
Raj Tirur
Legal Zoom for LLC
Is there any disadvantage to using Legal Zoom over starting an LLC with an attorney? I'd save several hundred dollars with Legal Zoom.Thanks!Raj
Ali Marahi
Triplex which is registered as a Duplex
Hi everyone,Actually we are working on a great Triplex deal in LA, which after we did a bit of a due diligence, we figured this property is registered as a Duplex in the city and the third unit is not registered, howe...
Jesse Chunn
Advantage of being a Real Estate Agent?
It seems like it would be advantageous to get a real estate license if you are a real estate investor. Presumably, the education involved would be helpful and you would keep a little more of your profit. What are the ...
Dido Zdrav
Company or personal vehicle for business use!?
I am planning on purchasing a vehicle for business use only - 100% business use no exception (in New York State). My question is whether there are any tax disadvantages of owning the vehicle under my name versus the c...
Chris Tenbrink
Depreciation
I'm buying a duplex with $6000 worth of appliances, should I depreciate them separate from the building? What are the advantages or disadvantages? How many years can you depreciate appliances? And what happens when th...