Inna Young
How the building assessment rolled into the sale price increased the property taxes
Our condominium building, comprised of 36 units, located in Broward County, Florida, underwent a substantial assessment in 2021. The owners of two-bedroom units were required to contribute $72.5k, while one-bedroom ow...
Darius Tracy
Is buying a home inside of a TSP (thrift savings plan) possible?
I have been talking with my mother who has been working civil service for the government for over 20 years. On one of the podcasts I remember hearing how u could buy properties in a self directed IRA and was wondering...
Greg O'Brien
PPP Forgiven Funds are NOT Deductible
IRS released guidance yesterday saying that any PPP expenses that are forgiven are NOT deductible for Fed income tax purposes. In essence, the forgiven funds are taxable, in direct conflict with the Cares Act. Congr...
Patrick GRibbin
How to use a 1031 exchange
Hello to the BP Universe. I have just started listening to the podcasts and have already learned a ton. I was wondering if anyone could help me out on my question. My wife and I have a single family rental home in Atl...
David Hite
Who is responsible for leased space upkeep in this situation?
Good afternoon everyone!So, I know that in most tenant/landlord situations, most of the maintenance of the general premises is the responsibility of the landlord to maintain, since they are usually the ones that own t...
Chris Elliott
Website on Yellow Letters?
Has anybody ever put their website on their yellow letter? If so, what were the results?
On one hand I can see the benefit of giving people multiples ways to reach you. On the other hand I can see it defeatin...
Eric Jones
Personal Funds into Rental Account
My current goal is to scale.I would like to send money from our personal account into our rental account on a monthly basis to let the cashflow and personal funds accumulate. This money would then be used to purchase...
Shiloh Lundahl
Is pay for real estate education worth it?
I just read another post where a new member of BiggerPockets asked the community if he should spend 15K on paying for a coach to teach him how to do multi family investing. Like usual, the majority of the responses we...
Joe Na
2 partner LLC with transfer of property and sale.
Jan 1st of this year I combined rental properties with a partner. He transferred two properties into my LLC in exchange for equity ownership. The LLC prior to this event was a single member LLC. One of the properti...
Jace Thornton
How do you depreciate carpet
I have a rental and I am also a tenant in privatized base housing. The base does not depreciate the carpet one cent until it is 3 years old. After that it goes down 15% up to 4 years, 30% from year 4 to 5, 45% from ye...