Caleb Stevens
Smart move to start an LLC?
Would you start an LLC if...- you owned 1 rental?- you owned 4 rentals?- you owned 10 rentals?
Bett Zeng
Title transfer from individual to multi member LLC in California
Hello everyone!
I'm looking for advice on the tax implications that come with transferring title from an individual into a LLC with 3 members. A couple days ago I purchased a multifamily up in northern California and...
Kat N.
Deduct construction cost from personal income (for tax purpose)?
Hello Biggerpockets community, I am newbie in Real Estate. I just bought a house (in California) under my name using traditional bank loan (so no LLC or Corp). My thought process is that I will fix-up the house. If th...
Austin Farsai
Business strategy information for rental property
So I had a number of questions go through my head and haven’t found the right person to explain this if anyone could help me out. I have a rental property that I am the owner of and was wondering what is the best stra...
Parker Robertson
Advice and Recommendations
Hello,
I am hoping to get some input from the BP community on my current situation.
I purchased my primary residence 04/2022 and have been house hacking it since. My plan was to live in this property and save up a d...
Anna Thanopoulou
First year depreciation in STR
Hi everyone. We purchased a property in early October and are placing it in service this week (mid November).We had intended to run a cost segregation study and try to accelerate depreciation which we can deduct again...
Elizabeth King
Does my property have to be in LLC to benefit from real estate tax advantages?
I have a property in my personal name that I plan to rent annually. I created an LLC to collect rent and manage any expenses related to the property. My accountant told me that I needed to move the property into the...
Andrew Shippy
Calculating Deprecation with land
I ask this questions because every post or online forum about this makes it seem like the value of the land is between 15-25% of the costs basis, but when I calculate it in my scenario below you can see the land is ne...
Jeff Gersbach
"Apprentice Needed - Start Making $10,000 a Week!" Signs in ATL
Hey guys!
I have been starting to do research over the past year on how to get started in real estate investing. I am almost ready to start making some moves, but I would really love to talk to somebody who is invest...
Tamara Batsell
Seeking Real Estate Agent With Creative Thinking
Hello....I'm a brand new investor with a pre-qualified FHA loan. I'm seeking a Agent that can locate a great property for the loan amount of 115k. I know it's not a lot to work with but I'm sure there is someone who i...