Rudy Estrada
Can I deduct furniture expense for a rental property?
I purchased a rental property in August 2018, I bought used furniture for the living, and dining room. Can I deduct the cost of that furniture in my taxes? If I can, in what section do I have to report that? The value...
Walker Seid
self-directed 401 k loan
I'm interested in rolling over my 401k into a solo 401 K in order to take out money for a down payment on investment property. is this a good idea or a bad idea? I'm wondering if it is a better idea than pulling my...
Sam K.
Funding for 2 unit ADU project on RM1-1 San Diego city
Hi BP Community,I have a RM1-1 zoned property in San Diego city. I know I'm allowed to construct to 2 ADU's on it. I want to do a ground up construction of 2 ADU's on top of each other. I have questions around financi...
Sean Kosmann
Long Term Lending
Ok ladies and gentlemen!I am looking for the best long term rental portfolio company. I am working on acquiring 400 doors, and want to make sure I can park all $65M of debt at one shop. Bonus points for length of Amor...
Joseph Schriever
Buying out a Tenants Lease
Hello Everyone,I just had an offer accepted on a three unit house. It is a duplex with a detached third unit in the back. All three apartments are tenanted and have lease agreements that do not end until August of 201...
Chuck Schmidt
Cost Segregation for SFR, and does Bonus Depreciation apply?
Looking at some SFR homes to purchase, in the $140K range ( 1 story, brick ranch, garage, 3br). Providing all the usual calculations work out ( rent, expenses, management) I have a few more questions on how to help my...
Aaron Friberg
Next Steps for Property Development Project in San Diego
Hello All, We own a large lot in Hillcrest that currently has 4 units(1 building). Next step is to develop the property, but need to figure out whether it's better to add a couple ADUs or tear down and put up an apart...
Todd C.
"Finder's" Fee Legal?
Hey all--Did a search and I was shocked to not be able to find an answer to this. If I partner with a property management company that manages HOAs, am I allowed (in NY) to offer a "Finder's Fee" to their on-site prop...
Yonah Weiss
100% Bonus Depreciation following up the recent podcast
If you listened to the newest Podcast about how the tax reform affects real estate investors (if not here's the link):https://www.biggerpockets.com/renewsblog/biggerpockets-podcast-269-how-the-new-tax-code-affects-you...
Chris Masons
Tax question on Water Heater replacement
I have a tax question on water heater replacement. I Know it should be a capitalized expense written off over X amount of years. Last year I replaced a water heater and in doing my taxes using Turbo Tax there was so...