Jacob W.
Accounting for Inflation in new leases and lease extensions
I have a warehouse in downtown San Antonio I converted to office/retail suites about five years back. Most of our tenant leases have renewal options with automatic 3% rent increases each year. However, a few of the le...
Dante Pirouz
I did it! Flipped for ~50% ROI
First of all thank you to the BP community and @Joshua Dorkin and @Brandon Turner for all that they've done for someone who was a total newbie 3 years ago! I'm a "buy and hold" buyer with 4 rental properties in the Th...
Derek Boxdell
Analysis | Calc Review Assistance
**Reposting based on Davids suggestion... Thanks David!Hi Bigger Pockets!I'm new to the investment world and figured it was about time I come with my hat in hand asking for some help from the community (I've lurked fo...
Michael Couto
Options buying investment property off of a relative.
Hi All,It's been a while since I've been on this forum, although I am out there making moves! I have a situation where I can buy a property off of an aunt for a really good price. I want to see what options are out th...
Mohamed Nagoor
SMLLC Tax Questions for Flipping Home Business
Hi,SMLLC to flip homes. Say I make 30K in gains during a year flipping homes. 1. I decide to take 15K as my annual pay. Can I take the Pay at end of the year when I'm filing my taxes OR do I have to pay quarterly esti...
Eduard Gibert Renart
Note Yield Question
Hi All,I want to get started buying notes and wanted to compare apple with apples. I have been running some hypothetical use cases and been comparing the returns with more traditional investment assets, and there must...
Account Closed
Currently have a CA LLC - should I open a new LLC for TX property
Hi Bigger Pockets Family,
I currently live in CA and own a duplex in a CA domestic LLC. However, I’ll be buying a few rental properties in TX, and I’m not sure whether or not I should open a new TX domestic LLC (and ...
Anja Brey
Legal/tax question regarding self-directed IRA
Hello,I have a defaulting promissory note in my self-directed IRA. I am about to short sale the property for a large loss. Ideally, I would close out the self-directed IRA and move the money back to an IRA brokerage a...
Michael King
Who's refinancing March 2020?
I just got a quote for 3.0% on my primary. On $250K at 4.375% at present, a drop to 3.0 will see my monthly drop by $200, and interest reduction of $300 on the first repayment. Is now the right time to refi, or should...
Nicholas Libertin
Help....accountant recommendations for real estate professional
Looking for accountant recommendations. I have a high W2 income and my wife will be a real estate professional this year. Looking for an accountant who has intimate knowledge of:1.how to best offset my W2 income2.ho...