Eric Lowder
Schedule E expenses for end of year purchase
Quick question about 2023 expenses.
We purhchased our first inventment property at the end of December 2023, but did not get it listed for rent until January.
We had some expenses associated the purchase in 2023 tha...
Rob Ibarra
Car Wash Detailing Hack
Need the BP brains to help me with a Car Wash hack. I'm looking at buying a self-serve car wash and force value / revenue by installing a car port / detail bay for a mobile detailer to be stationed there weekly and of...
Will Pickering
What Info You Are Looking For As An Investor
As a wholesaler I often found myself feeling the pressure to offload contracts as fast as possible when I was first getting started. I realized quickly, that was not helpful to me or the prospective buyers/investors I...
Andrew Shippy
Naive tax rental question
This is the first year I have rented out my townhouse and have a question about filing and wanted others' thoughts. The home was purchased four years ago as a foreclosure and we made many capital improvements such as ...
Troy Williams
Property Management Software
Hello BP family. I'm currently looking for a comprehensive property management software for a fair price. A few of the guest speakers on the BiggerPockets Podcast have mentioned Appfolio and recommended that softwar...
Clay W.
Tax and Expenses Allocation for Land
I self-prepare my annual tax returns and have a tax scenario/question regarding the allocation of Property Taxes and Carry Expenses for land.In 2022, I purchased a vacant parcel of land that is zoned for multi-family ...
John Fierke
Venturing into very first SFH for a likely STR in the Berkshires
Hello all new and established BPs. A conversation in January with a coworker (and BP fan) opened our eyes and here we are - we just closed on a cash-out refi of our primary residence (in Missouri) today @ 2.875% and ...
Kirk R.
sfh energy tax incentives 2014?
i put some insulation in my house and chaulked some windows. in 2015 i am biying a place that will need windows. link to some energy info:http://www.energytaxincentives.org/consumers/insul...http://www.biggerpockets...
Adam Lippa
Tenant Cloud accounting??
Hello,I did a bit of research on here (and other websites) and decided that I wanted to give TenantCloud.com a shot for rental/tenant management. I opened a free account the other day and started playing around with i...
Kevin D.
Schedule E
If my single-member LLC bought a property in 2014, but was not placed up for rental until 2015; so there is no income or expenses (other than capitalized expenses). Do I need to add the property on my Schedule E? It...