We own a single family rental in Gwinnett County, GA. We rent to 3 separate tenants. One is on a month to month lease but has not paid rent in 2+ months and hasn't been seen in 4 weeks and has left property in the hou...

Looking for guidance for how to handle rental income on my tax return this year:
1. Rented a room in my town home to a friend from May 2021 to December 2021. I live there as well.2. Made around $3k in rental income (...

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 ...

Hey everyone, this is my first post on here, and I was looking at creating a template to analyze owner-occupied duplex properties in Los Angeles. The reason for the analysis is to compare purchasing a SFR vs an owner-...

Hi B/P family,So what if you were about 95% complete on a flip and you needed about 4k to complete, what would you do besides private money? Its a bit of a dilemma because you've made it this far and you dont want to ...

Do you require renters insurance, and why or why not?

How much is reasonable to pay for a cost segregation study? I have one, 6 bedroom short term rental, that was established in 2021, in South Bend Indiana. I’m also working on a 4 bedroom that should be up and running i...

My tenants approached me about buying the home that they've been living in for a few years.  I have no attachment to the property and can probably do better with my cash elsewhere.  If I were to sell it to them and ca...

Hi Guys! I am new to the Bigger Pockets Family.  But I am in great distress seeing how much taxes are deducted from my W2 income.  I need help with understanding how to reduce my taxable income strategically through s...

Hello, all. I tried to look through the forums for a related topic to this, but couldn't find one. With all the news of mass shootings, more and more people are buying weapons for their own protection. This isn't to s...