Andrew Galloway
Has Anyone in CFL Bought a STR Recently (2022+) to Offset Their W2 Income Tax
Hello Bigger Pockets CFL community. I am looking into the STR and STR/bonus appreciation strategy as a way to offset W2/short term income. Since the market pre-May 2022 just is not comparable anymore I am interested i...
Jonah Kolsrud
Will New Job Affect Ability to Obtain Owner Occupied Loan
Hey BP members,I am currently looking to buy my first deal which I intend to house hack. I am at a point now where my savings are more that enough to do 10% down or more, but one question I have is regarding my pay st...
Rayjunior Nunez
Length at job?
I’m making two years at my job in July but my 2021 w2 is about a half year, my 2022 w2 is the full year and obviously 2023 would be half done. How would they look at it? The past 2 years? so only 2021 and 2022?and if ...
Michael Hyun
Bad Investment Strategy?
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $900,000
Cash invested: $180,000
Bought a negative cash flow property - about $1500 a month negative. I'll long-ter...
Chris Gallick
How much $ can I expect after claiming renovations?
Hello BP! I'm seeking input from a CPA or tax professional that might be able to help me regarding claiming expenses on an investment property. I'd like to know how much I can expect to receive back from taxes after c...
David Frandsen
Giving Property Manager Screening Criteria? Rethinking Percentage Payments.
I have owned a 4-plex for less than a year. Recently I just finished rehabbing one unit and now it is up for rent. I am having horrible dreams of our property manager getting the wrong person in the unit and all that ...
Bill Kramer
How are YOU paying yourself?
As the title says: How are you paying yourself?Do you take a flat % of what's left over?Salary plus bonuses?Or the pirate method: everything left over after the Bill's are paid is yours?Personally I find that giving m...
Jonathan F.
Seeking advice regarding purchasing 2nd home
I was hoping to ask you all a money/real estate question. It has to do with buying a second home (primary residence).
Here’s the scenario: I’m active duty military and currently live overseas. My wife ...
Eric Williams
I think cost segs are a little overrated
So I have a Masters in Accountancy a Master in Taxation and CPA. My last firm had a real estate agent who brought in clients with up to 40 properties. None of these people cost seg for residential. When I see costs se...
Nickolas Wolfe
Cost Segregation - LTR to STR Property
Good day,Property background - home was a LTR for 2021 and 2022. In December of 2022, we started to convert it to a STR. In January of 2023, it became an STR. Big question - in my case, is a cost segregation study wor...