Paul Stern
How to handle rebate for an asset received a year later
I had a new hvac system installed in 2014. I depreciated a portion of the asset according to MACRS. Now, in 2015 I received a rebate for the HVAC system. Any thoughts on how to handle this in my books and tax wise? Th...
Michael Plaks
Owing the IRS while under extension: interest and penalties
I see a lot of confusion on owing the IRS while under extension. Here's how the system works.
1. Extension that you filed on April 15 does give you time to file your taxes until Oct 15. But it does not extend the tim...
Adam Juodis
Determined future real estate investor in my early 20s
Hello BP! I just created my profile and I wanted to say hello. I live in the Chicago suburbs. I'm 22 years old, recently graduated with an electrical engineering degree, and I have been working for almost a year now a...
Athan D.
Newbie in Atlanta, GA
Hello, BP folks.
I currently live in Atlanta and my real estate history is short:
I househacked my townhome until I sold it, and now I househack my 2/2 condo.
Having witnessed the benefits, as well as the downside, ...
Jacob Messer
Fix and Flip in Indy ~$56K profit for investor
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $49,900
Cash invested: $39,000
Sale price: $145,000
This was a great project and is one I will always ...
Steve Gibbs
Down payment from cash or equity
Hello all,I recently bought my second investment property. Closes in a month. I’m faced with a dilemma if I should down payment with cash or use existing equity from other property. What would you suggest and why?
Mark Berardi
Can I use accelerated depreciation on 1 property to offset capital gains on another
In 2022, I sold a multi-unit property in TN. Also in 2022, I bought a rental property in Ohio. Can I use accelerated depreciation on the new Ohio property to offset the capital gains on the sale of the TN property?
Jeff Bush
Equity Dilemma - Wait to for more reserves or pull equity?
Afternoon!I am a newish REI, having only been at this a few years. I currently have 6 SFH, buy-and-hold, long term rentals in the Hinesville area. I am working on my 7th deal with the 8th-12th on my plan for next year...
Jennifer Jackson
Cash vs Investments? What ratio?
Hi All!I've been wondering what an appropriate cash to investment ratio is. I currently only have one deal (a small sixplex purchased at $380k), so my current goal is to keep enough cash to cover the expenses for six ...
Justin Buchanan
Commercial real estate
New to commercial real estate trying to get some guidance with getting started. My goal is to accumulate enough assets so I can quit the “rat race” and have financial freedom