Shan Vincent
Accounting Question- Investor with Real Estate License
I’m a realtor that manages the 6 units that we own as rentals. I’ve been doing this for 7 years. Our accountant has never said until now that I need to have real estate commissions to make our write offs more legit if...
Kevin Rowghani
Transfer from my name to LP - Tax question
I am investigating the option to move a rental property from direct ownership to an existing LP. I am the sole owner of both the property and LP. The property is free and clear and was purchased 10 yrs ago. It has als...
Karen A.
Passive Carryover Loss from Multiple Properties When One is sold
I own 2 real estate rental properties with $132,000 total passive activity carryover losses accumulated for both properties over 5 years.
In 2019 I sold the less expensive of these properties.
I was thinking that T...
Martin Andersson
Depreciation calculation after 1031-exchange
In 2016 I did a 1031 exchange and I'm trying to figure out the depreciation for the replacement property.This is the information I found when doing some research:http://www.1031.us/PDF/Depreciationof1031.pdfLet’s say ...
Hoan Thai
Reducing total interest paid to your 30 year mortgage
I just got back from day 2 of the Rich Dad seminar taught by Elite Legacy Education. Our instructor Trevor Evans showed us what they call "Double Principal" payments. This is NOT the same as paying two mortgage paymen...
Jeremy Tillotson
Wanting To Start a MeetUp For 2016
2016 is almost here, I am wanting to start a meetup group for us BP Folks in Fort Wayne, Indiana. I was looking to do a breakfast/lunch/dinner whatever works out type thing. I am wanting some input as to what would wo...
James McGovern
Filing Taxes as a Flipper?
I have ran across individuals who flip houses and am curious as to what techniques they use for tax filings when they are not incorporated under an LLC or S corporation? When an individual purchases a property, how do...
Account Closed
Making my equity work while on deployment
Hello Bigger Pockets Community!I am pretty new to Real Estate investing, but I currently have 3 units (1 MF, 1 SF). My first house, which I owned for a few years before I knew anything about real estate investing, has...
Kendra Holmes
Tax Delinquent Cold Calling
Could someone share a great “script” or guideline to follow when cold calling tax delinquent owners? Are these owners more likely to get offended? Should I send a letter first and then call? Please share your experi...
Victor Adewunmi
Full Time Job/Part Time Real Estate Agent
Hello BiggerPockets Community,I am gearing up to take my Real Estate exam and looking for advice. Currently, I work weekdays 10:30a to 7p with the immediate goal of starting out first as a part time Real Estate Agent...