Scott K.
Possible to hire an appraiser prior to renovation work?
Hi there, we purchased an older farmhouse we're looking to rehab and reside in.We anticipate that renovations could be fairly costly, but are hoping they will improve the home value such that we can recover a sizable ...
Zehua Zhou
As the solo 401k Admin, can Fidelity's account be sufficient?
I set up the solo 401k and I am the admin and trustee. I opened Fidelity's non-prototype retirement account and funded it. If I directly hold rental properties under the 401k, and only use this account for operating a...
Lossa Lee
LLC and Insurance
I'll be purchasing my very first multi-family rental properties (buying two multi-family homes). I want to create LLC to protect my other assets. However, I'm a little confused about insurance. Someone suggested th...
Levi Koskan
LLC for tax purposes, W2 employee with RE, how to maximize
Would love some thoughts and help with my situation,
My wife and I make decent W2 income as our main source of money but we have two properties. 1 that is a rental, I have a property management company handling it,...
Reemo Petteway
Taxes deductions for Rental Property
Hello All!I purchased a rental property in 2020 and started an LLC. I renovated the house at the end of 2020 and moved in a tenant early 2021. Can I claim the expenses of renovating the home on my 2020 taxes? I have h...
Dave House
South Florida Listings
Been using local realtors, zillow, realtor.com and ziprealty.com for listings in South Florida. Zip is a great tool for listings; I can't even get realtors to send me listings that give me a map of the listing (or li...
Kiah McBride
Are STRs & MTRs Considered Active Income? Do they need Separate LLCs from LTRs?
After having a consultation with a company that sets up LLCs, I'm now questioning if I truly have the right LLC formation for the purpose of my business. For context, I created one LLC to run a mix of STR and MTR prop...
RaShandra Collins
Meet up groups/Using VA loan for investment property
Good morning BiggerPockets family! My name is RaShandra (ra-shawn-dra) from Texas currently living in Savannah by way of the army. Been married for seven years and have a beautiful blended family. I have been a pro me...
Jeffrey Allen
Alternative Assets: What Are They and Why Should I Care?
Growing up the only investments I heard about were the traditional options like stocks, bonds, and funds (index, ETF, etc…) which have long been the go-to choices for many. However, as the landscape of finance evolves...
Carlson Driver
Are expenses on short term rentals tax deductible
Say if we had a short term rental in Hawaii and were using a property manager to manage it for us which cost us ~$200/month. And we had to replace a dishwasher for $500 in 2021. Would the $2400 ($200 * 12) + $500 = $2...