Yonah Weiss
Property depreciation in the proposed Trump tax reform
Can anyone shed light on how the proposed Trump tax reform would affect property depreciation. Could this tax reform retroactively take away the tax benefits for 2017?
Justin Demember
Tax implications on new rental duplex
A 50/50 partner and I just purchased a duplex with a conventional loan. We have a tenant in each tut came with the property and receive 1000 in rent. P&I is $200 with taxes and insurance NOT in escrow. We have no ...
Nick Gray
Are Short-Term Capital Gains 1031 Eligible?
Hi, I purchased an 8-unit set of townhouses in Seacoast New Hampshire in September 2020 and renovated all 8 units from October to January. The total project cost was ~$1.0M and now, based on current income/expenses an...
Bevaughn G Grey
Which is better LLC or Land Trust
I am new to bigger pockets.what is the best way to protect my real estate? Should I do land trust or LLC?Can I switch my real estate from my name to LLC or land trust?
Marlon Zuniga
Property Mgt Software
Hi, I'd like to start using a property management software for a portfolio of 10 properties. I'd like for it to be a one stop shop for tenant rent payments, tracking maintenance requests, e-sign, accounting reports et...
Anna Batchelor
How is VT STR income tax calculated?
I’m looking for some help understanding how my income from a VT STR is going to be calculated. I’m anticipating a 30k gross and 10k net income after expenses. Does the gross or net income get taxed? Since I’m only MAK...
Michael Campbell
Quiet Title
Hello all!
I was recently contacted by an absentee owner that responded to a yellow letter that I had sent. She said that she wants to sell her home but that the house has an egregious amount of liens that the prior o...
David G West
Cap Gains on Re-entering ownership
Hi,We bought a property last year thru an LLC and the previous owner was there for 2 years so he sold it with no capital gains. For various reasons, we are partnering with the previous owner again and adding him as a ...
Robert Burns
Tax Deductions
I've recently had my accountant do my 2008 income taxes and I was surprised that he informed me that I could not take deductions for my real estate investment training that I purchased in 2008. A big one was the Rich...
Brandon Brown
Rough estimate to upgrade to 400 amp service
I am considering switching to a heat pump with an electric heat strip for supplemental heating in our two-flat building, with plans to add a third unit in the future. Currently, we have a 200-amp service to the buildi...