I converted a property from a primary residence to a rental located in California in 2022. The date of conversion is 5/29/22 which reflects the first day it was advertised online for rent. After listing for rent, I st...

Hello! I was wondering how the timeline would work if you used a 1031 exchange to purchase a new construction.  I am assuming the house would need to be complete and closed on within the 180 days, but I figured I woul...

I have a contract on a duplex and just realized it is in an opportunity zone.  Wondering if the following is possible:
1) set-up a LLC and self certify as an opportunity zone 2) used hard $ fund to close on the prope...

Evaluating potential tenants who were upfront with us about their situation. One is the breadwinner but has terrible credit due to poor entrepreneurship decisions when younger, the other is a stay at home parent with ...

We are under contract on our 4th small(ish) apartment building. Our total doors after closing will be 50. I’m trying to learn more advanced tax strategies and this one is something I don’t quite get. This building ...

Hi,My first post!I have a house that I am doing a full-time live-in flip on.  I am complete rehabbing the front unit, and then adding on/converting garage into 2 bedroom house.Problem is, I won't be done until next ye...

Hello BP!I know I should seek the advice of a competent CPA or Tax attorney, but I wanted to get some opinions of others prior.  I understand you aren't giving tax or legal advice, so the disclaimer is out there.I hav...

I'm new to BP in terms of posting, but not in terms of reading/podcasting. I currently am an owner of two duplexes in Buffalo; one I live in and rent out half (owned 2.5 years) and the other I formed a partnership (LL...

I’ve been a biggerpockets user for a while now and primarily on my phone. I could’ve sworn there used to be a biggerpockets app in the App Store. Are there plans to create one?

Are mortgage points paid on a rental property deductible the year the property was purchased, or do they have to be depreciated over the life of the loan?Thanks.