Brent Harasym
Getting Started With First Long Term House Rental
Hello everyone, first post on BiggerPockets and I have been reading up on REI for quite some time now and getting close to jumping in. I'd like some input on wrapping my head around a potential first house and if this...
Barry Robbins
How will a car loan affect my ability to get an investment loan or FHA loan?
My fiance and I are getting ready to purchase a new vehicle for us to share and split payments on. However, I remember something a past employer said to me once. They strongly suggested that I have any car loans paid ...
Ron Singh
section 179 deduction : split possible ?
Hello Hello ! Going for a business vehicle purchase and wondering: if the cost of vehicle is more than business ( property rental ) income in the tax year, can it be split in two consecutive years ?for example : Rent...
Andrew Neal
Be your own hard money lender through your own LLC?
So a few months back on a different thread @jorge ruiz brought up this idea and I was curious if anyone has does this or if it's possible.You create an LLC. You buy a home. Your LLC gives you a loan for the home. You ...
Michael Paulson
Section 179 Deduction Inquiry 2016
Hello,I don't need a cargo van for my business at this point in time but after having reviewed the section 179 guidelines, it seems like it might be beneficial considering the tax bracket and financial position my bus...
Jun Shin
House Hacking a Duplex with VA Rehab Loan
Investment Info:
Small multi-family (2-4 units) other investment in Virginia Beach.
Purchase price: $175,000
Duplex house hack with the VA Rehab Loan. Purchased a foreclosure for $215,000 ($175,000 purch...
Robert Kirkley
Purchasing a vehicle - how to deduct it/use bonus depreciation
Hey everyone. I will be needing to purchase a truck in the next weekend or two and plan on purchasing it and using bonus depreciation to offset my income. The vehicle will not be over 6,000 lbs (likely a Toyota Taco...
Nancy C.
Working hard!
Hello everyone, since joining BP I have been a busy bee and I am as green as the rest of the newbies here. I want to share some tips and also a quick update. First off, I have stopped seeking a mentor, I now realize t...
Jasdeep Singh
Section 179 Vehicle Purchase with 2 Rental Properties + Multi-family PR
Hi,I am a NY resident and own:-Owner occupied multi-family property in NY (Where I live)-2 Rental properties in the DC/Baltimore areaI commute to these properties every other month or so for maintenance, checking in n...
Matthew Gardner
Better Understanding Tax Benefits?
Hello BP,I am a prospective investor that has been on the search for an investment multifamily for the past year+. I keep reading that there are many tax benefits to real estate investing but am confused to what they ...