Karl S.
Real estate investing to reduce W2 income
I’d like to get feedback on a strategy I want to pursue. I work in Silicon Valley and make well into the maximum tax bracket. I wanted to pursue REI both as a way to invest extra money (already maxed all other tax adv...
Patty Fleming
Investment nightmare is now my home..ready to right the wrong.
This is my first post so I apologize in advance because I am going to thorough in hopes of some helpful advice.I bought my first home (condo) at an auction in 2009. Brand new construction where the developer had run o...
Randy Chappell
should I rent or should I sell?
Greetings,My wife and I purchased a house in a small community (mainly in a tourist industry because of the Lake of the Ozarks but our house is not on the lake) almost 12 years ago. We purchased the house from an ind...
Troy Kerr
Rented too Low
Good afternoon BP,I recently got my first property rented. I needed to rent fast so I lowered the price from 2200 to 1850. The Management company gets ten percent 185. The Mortgage is 1500. I bought the property n...
Soumojit Sarkar
Hold on sell
I own a condo in BC but live in the US. I had issues with renting out the place earlier, and the current rent doesn't cover even the mortgage interest, let alone other expenses like property tax, insurance etc. The cu...
Bruce Crawford
Pros and Cons of buying back in the US
Although I think I have already decided on my actions, I wanted to reach out and get some comments from other BPers. I have been living in Japan for 11 years and recently married. I do not see myself returning to the ...
Remington Lyman
Contract left back doors open and I am out $2,000 in appliances
A contractor put in barn doors in my out-of-state client’s duplex that I am managing in Columbus, Ohio near The Ohio State University.I guess they left the back doors opened because when I went to do a tour today they...
Trevar James
Cash Out Refi or Hold the current Loan?
Hello community, I'm looking for a little advice. I just moved in tenants at my first rental prop. Its generating about $500 cashflow after mortgage, mat, and vacancy. I purchased the house as a foreclosure so after a...
Shravan Hemchand
Cost Segregation on new construction - STR
Hello, I hope you are doing well. I need to perform a cost seg study on my short term rental which was newly constructed during 2023. This is for my 2023 tax return, and I have filed an extension. I am looking for ins...
David Cherkowsky
Do I need a partnership LLC to depreciate and write off expenses on a rental property
I purchased a rental property earlier this year, and it will be my first year not taking the standard deduction. I met with a tax professional I found through BP, and in our planning call, she mentioned that if you ar...