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...
AJ Witt
Personal Loan to Fund an LLC for REI
I have taken a cash-out loan on my personal residence to fund an LLC in which I am buying real estate.
From an accounting standpoint, what's the best way to structure this? Can I consider this cash infusion into the ...
Eric Carlson
taxes on a duplex (not owner occupied)
I purchased a duplex (or double) in Indianapolis in 2019... near the Indy Motor Speedway and 1 block off main street. The property is a double with separate addresses and separate roads/driveways (instead of being sid...
Angel Garcia
Should IRS form 1065 be filed when a property is not under LLC?
Hello,
Last year my business partner and I bought a property in Missouri. We were working with a bank that told us since the beginning of the buying process that they could close the property under an LLC. We opened...
Travelle Mason
Military Spouse Act – Residency Relief (MSRRA)
I just wasted about a month of time working with a CPA whom I will not be utilizing for my tax prep now.For those who are familiar with MSRRA, Military Spouse Act - Residency Relief...How is it being interpreted?Exam...
Mike Lynch
Confused about BIC / Provisional Broker Contract
Hi Everyone,I received my NC Provisional Real Estate License Today in the mail. I have been talking to area Realtors about being a provisional broker with their company soon.Two different BIC's gave me a NON-Solicitat...
Anthony Brown
Starting a Fund or Special Purpose Vehicle (SPV) to Pool Investor (LP) Money
Hi. I posted this question as a message to some of the BP experts on Funds but I thought it would be better to post openly to get more responses and hopefully benefit others that want to do the same or similar.
We h...
Jay C.
Real estate professional status
Hi all in the BP community! I was wondering for those of you who utilize the real estate professional status for tax purposes what are ways you qualify for the 750 hours besides property management. Curious to hear un...
Anna A.
Big Bear Lake Short term rental
Good morning BiggerPockets community. We have a cabin in Big Bear Lake. We initially had it fully managed but now we decided on doing it ourselves. Any advice and/ or guidance you guys can share, we’ll greatly appreci...
Marie G.
Maryland LLC Financing, Asset Protection/Privacy Options
So I have done a lot of reading and listening to audiobooks, podcasts, forums, etc. This can be so overwhelming. I was wondering if there was anyone local that has any pro/cons from their experience with LLC formation...