Steven Lopez
Income Taxes for Conventional Mortgage
I've seen it mentioned on some posts that lenders like to see that people pay income taxes. What do they look for with conventional owner-occupied mortgages? This is conflicting because we try to write off every dolla...
Paul Scammacca
Poly B replace for rental
Hi All
Tax / IRS folks please give ADVICE. I have rental MH that has Poly B plumbing and is out of code (cant sell it as is wont finance) that caused some wood damage on the floor. Plan to keep but can I expense the...
Augustin Calderon
Most Tax Benefits? Renting Spare Room from a Primary Residence vs Investment Property
If you're weighing between purchasing a primary residence and renting spare bedrooms versus buying the entire property, which is more tax write off advantageous. In either case, the idea is to do the short term renta...
James Cheung
how to dispose abandoned personal property of a trustee sales
This is my first time buying from a trustee sales. The house is vacant. But the home owner left with a lot of personal belongings there, mostly clothes and junks. But there are two cars sitting in the backyard whic...
Pat L.
Capital Expenditures in Florida
Thanks to the BP community for your posts on Capital Expenditures. I potentially would have let wishful thinking influence me to underestimate these expenses.Obviously, it is best to estimate these expenses on a house...
Ponni Carlin
Setting up multiple LLCs and Business Credit Cards
Hi Everyone! I am in the process of setting up multiple LLCs and need to manage the rents and expenses within each LLC. I need to get a business credit card for each one. Has anyone experienced how that impacts your c...
Santiago Acevedo
18 Year Old Looking to Become A Real Estate Investor
Hello Bigger Pockets, I am an 18 year old still in high school looking to get straight into the game of Real Estate after I graduate. I have read a few books of real estate investing by Ken McElroy and have read other...
Michael Germinario
FAS 13 - Lease Accounting
Hi BP,Can anyone help me with this accounting question?Scenario: Company ABC is renting a warehouse with 3% rent increases. For accounting purposes we straight-line the rent expense (P&L) and record the differen...
Sage Jankowitz
Is this property cash flow positive?
Purchase Price: $325,000 + $50,000 in repairs4 Units: $1,200/month per each unit
Robert M.
Is 50% Rule (Guideline) still relevant in your market
Hi Everyone....Tax season is great to reflect and really dig into your numbers! I have found that my expenses are creeping up year on year and revenues remain relatively flat. Atlanta MarketProperty taxes have doubl...