Dorys Prentice
Looking for advice from CPA on whether to LLC or not
I'm hoping there are some CPAs or personal experience (knowing I need to confer with a CPA) here to assist me with a decision on whether or not to open a LLC in TX (our place of residence and where we'll do all our bu...
Vikrant Prakash
Short Term Rental House Hack
I am new to this forum but have seen some really great posts, advice and experiences shared on this forum. I am new to real estate investing and thinking of starting off by doing a "house hack" via renting out the unu...
Bruce Gardner
1099 Contractor Question for Newbie
Are the costs of a 1099 contractor fully tax-deductible in the process of doing business on rentals, BRRRR, or flips?More specifically, I'm looking at entering into an agreement with a contractor where their fee will ...
Account Closed
Lease renewal for an inherited tenant
Lease renewal for an inherited tenant.How did you go about it? Did you bother with a background check? Did you raise rent? If so, was this after repairs or w/o?Thanks
Rudy Estrada
Question regarding LLC EIN
I recently created a TX LLC to buy and hold rental properties. The LLC has 2 members and when I registered to get an EIN with the IRS, my registration got switched from an LLC to a Partnership. The IRS website mention...
Nikhil P.
Underwriting deals in declining markets
Any investors out there knowingly investing in markets in general decline? My hometown is effectively a rust belt city. Population is exactly the same as it was when I was born and median income has stayed relatively...
Joe R.
100% bonus depreciation question
Can I claim 100% bonus depreciation for tax year 2018 on a new air conditioner for a residential rental property?
Dick Green
HIT 1000 POST!!!!
I just thought it was a big deal! lol
I also want to remind all the members about the increased exposure you receive in your other internet endeavors by posting and taking part in the discussions on BiggerPockets. ...
Nick Leamon
Cat Smell
Hey BP Nation,So I had some tenants move out that had cats. I used their deposit to replace all the carpet and have the house professionally cleaned, at first everything was fine, its been about 2 months now, and the ...
Cayden Williams
Should I become a Certified Property manager??
I recently made my first purchase on a home less than two months ago and I am currently working to convert the add-on to a third bedroom in preparation for renting next August. I am not sure how I should handle my fi...