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...
Mike S.
On the clock with a $1 mil in a 1031 - what would you do?
Hello BiggerPocket Community,Long story short on the clock with a low 7 figures in a 1031 - what would you do? Currently have small portfolio of rentals that cash flow. Current market is very low inventory if nothin...
Dale Jiang
DIY rental property management softwares
Are there recommendations on self-manage rental property software? Thanks!
Kelly M.
Lease-to-Own in Ohio (Lease Option)
I have been doing lease-to-own contracts for a few years for a few houses. I now have 3 out on lease-to-own contracts. I had another, but they recently bought the house after only 1 year. So far, they have worke...
Wendell De Guzman
Why Paying OFF A Mortgage Is NOT Necessarily Smart
For those of you fans of leverage or using the bank's money...here's a provocative blog post: Why It's Not Necessarily Smart to Pay off Your Investment MortgageWhat do you think @Brandon Turner , @Ben Leybovich and ot...
Daniel Murphy
Cost seg & STR loophole from a financial planners perspective
Hey all, I did a cost seg study on my short term rental for the 2022 tax year. I'm a financial planner by profession & really wanted to understand the nuances behind this topic more. I love comparing the hype vs r...
Whitney Leighton
Four Plex Schedule E
Hi folks,
I purchased a 4-plex in January 2020 with the intention of renting one unit out as an airbnb and the other 3 as regular unfurnished long term rentals. I purchased all the furnishings to get the Airbnb unit ...
Matt Cecil
Right path - sell, refinance or rent
Hi All,I'm new to BP and REI so here's a little bit about myself. I started out a year ago on the BP forums, podcasts and reading books. I fell in love with the idea of REI so here I am. My wife and I bought our first...
Brandon Thomas
Landlord looking to sell, Im pre-approved to buy, one problem.
Hello, all!So here is the situation... I'm currently renting one side of a duplex in North Texas. I happened to be browsing one of those real estate marketplace sites (zillow, realtor.com, etc..) looking for a multi-f...
Andrew Dincola
How much to charge a tenant to rent a second bedroom as an office?
Hey BP!My fiancée and I have a SFH in Lakewood, CO that we’re hacking. Our potential new tenant mentioned interest in “renting one of the extra rooms as an office”. We have another room open that we were planning on f...