Doris Jin Huang
Are our rentals a business or investment for tax purpose?
2019 is the first year we start to receive rental income. We have 2 rental units located in different parts of new york city. My husband and I both work full-time W-2 jobs. We manage the units ourselves and one of the...
Walter C.
keys and pest control
I am wondering... should I have a copy of key to every room within the apartment? I wonder if this would be an invasion of privacy. With 1 unit, there are 2 people living there, with their respective bedroom being the...
Joe Farruggio
Flip & Taxes - Capital Gains?
So I did my first flip. Worked out great. Bought it for $225k. Put another $125k in it. Sold for $450k. 6 Month time frame. Now... it's treated as a short term capital gain..... what can I offset it by? If I bought a ...
Scotty Pugmire
STR starting out in Cranberry/Wexford/Pittsburgh area
Hoping to connect with some people with experience in the area with - property managers - cleaners - successful properties there I am currently considering purchasing a property to list a a short term rental near Pitt...
Wesley Sherow
Developing a Boutique Hotel
Hi Bigger Pockets Community! I am entering into an excellent deal renovating and redeveloping a historic boutique hotel in Albany, New York. I am looking for others who have done similar projects to chit-chat with and...
Justin Spencer
Looking For Feedback On My 2021 REI Strategy
Hi there,I currently live in Mesa, Arizona - I live in a 5-bedroom/3-bathroom house.I live in the Master Suite and rent out the other 4-rooms @ $750/piece quite successfully and have a solid group of guys I find throu...
John Brackett
Real Property Exchage for Note (live deal):
Tax Question (two scenarios) - Question builds so please read all three bullet points and provide feedback:
1) Capital Gain – seller purchases a property for 40K. 20 years later property is fully depreciated and se...
Andrew Wu
Water Heater deduction when plumber purchased all parts?
Hi all,
This is my first post to this forum (I've been mostly a lurker)!
Apologies if this is the wrong sub-forum - please move if needed?
I own a small townhome in the SF Bay Area, in which I ren...
Matt Brown
Considering purchasing a rundown storage unit
I drive by a run down storage unit on my way to work every day. It's very small, and what I can tell it has 10 garage sized units and maybe 15 5x10s. Hard to tell because I can't see all of the small units. It's a sin...
Stinson Bland
Absentee Owner Postcard Critique
I’m planning to start a new marketing campaign to absentee owners. I recently purchased a list for listsource and I’d like to get my first marketing piece out ASAP. I plan to hit this list six times with multiple ma...