Wesley Emison
Tax impact of renovations on a duplex - Useful Lives
Hello BP Community, thank you in advance for reading my questions and providing me with your thoughts.I have recently purchased a duplex and will be renovating both units. I want to focus this discussion on what use...
Jon Fletcher
Section 179 Vehicle Depreciation
Have any real estate investors used their passive income to purchase a 6,000lb+ vehicle? I'm trying to understand the full benefit of the Section 179 tax code. Using simple numbers, if I purchase a used SUV for $25,00...
Chris Fillingham
Section 8 Voucher Question
I'm working to rent out my first Section 8 home in St. Louis. I've posted the house on GoSection8.com and gotten quite a bit of interest. In my portal, I'm able to look at "Prospects." There are two details I have que...
Shannon S.
Need advice on flip: furnace and overall feedback! Cinci OH
Hey everyone! I am pretty new to posting in the forums but I have been reading and learning for about a year now. I’d love some input on a couple of different things with my first investment property. Any help from...
Account Closed
Help! No Window, Now what?
Just realized by studying internal and external pics of an auction.com house I went under contract with, that one of the bedrooms does not have a window. No easy way to add a window, as an addition was put on that pa...
Charlie Loomis
MHP Purchase and Cost Segregation Study is it worth it?
I am looking to purchase a 54 unit MHP with 26 park owned homes, the property has sidewalks, paved roads and parking spaces is it worthwhile for me to look at a cost segregation study? Any idea what the cost and benef...
Mike Schorah
Reserves and Scaling Cleveland, Ohio Multifamily
I can get a $52k HELOC on my primary residence and $15k in a SDIRA.
I was thinking of buying $80k-$100k multifamilys in Cleveland, Ohio with 25% down on each.
I’m trying to calculate what to have in reserves and the...
Stephen Bass
to 1031 or not? Can bonus depreciation be used to generate similar tax benefits?
I'm working with family that is in the wind-down/retirement phase of their real estate investment careers. They have been actively managing a few small mulitfamily homes for many years and no longer desire to be acti...
Matt Pulkrabek
Open Door Capital and K1 Investment losses
My question is regarding passive real estate losses. I am a real agent and investor, therefore I am considered a "real estate professional" for tax purposes. With that being said, my accountant has always allowed ...
Donald Dooley
Wealth without Cash
Pre ordered Pace Morby’s book. Looking forward to reading this one!Very interested in learning more about funding deals with creative finance. I have a feeling this technique will be a great tool to have as we go thro...