Silvia B.
New deck boards and railings: Depreciation or Repair?
This Summer we personally replaced the deck boards and railings on one of the decks. The structure ( posts, joists, etc) were ok but the old deck boards were bad and it was time to replace them. It cost us about $1500...
Bryan Hancock
Taxation For Insurance Claims Kept Instead Of Used To Repair Property
So...if one receives a large insurance claim and decides to pocket it initially to pay off a mortgage and later does the property repairs what are the tax consequences? Using the dollars to pay off the mortgage initi...
Jeremiah Ramp
Opportunity Zones Benefits
Hello Bigger Pockets Community, I currently am looking at some properties in bend oregon that are in a designated opportunity zone area. The properties are a blank slate as there isnt much to them, but im looking for ...
Yoona Lextae
Pass CA broker exam without any prelicensing classes?
Hello everyone, so I took the prelicensing courses for the broker exam many years ago, but by now have forgotten virtually everything. Effectively it is as if I never took them... Since retaking them all would obvious...
Fernando Martínez
Which would be best; LLC or S Corporation
Greetings,
Looking to open up a LLC or S Corp in Texas.
Not sure which one would be the best for holding real estate in. I would be doing the BRRRR strategy, buy and hold, ground up construction, having my notary s...
Patrick Sears
Opportunity Fund tax question
Hello,Wanting start an Opportunity Fund to buy and hold SFR property located in Opp Zone. Planning on it being single-member LLC (taxed as corp, not partnership) for now to get started. From the reading I've done it...
Mel Selvidge
"Real Estate Professional" Loss Questions
My husband and I purchased a vacation rental property four hours from where we live in January. It was gutted when we got it. Working with a contractor who rented it during the renovation, we got it remodeled, furni...
Jonathan Drago
What is the best legal entity to obtain for flipping houses in FL?
Hi Everyone!I am new to the home flipping industry in Tampa Bay and am seeking feedback on which type of business entity I should pursue. I am obviously looking to maximize my coverages and protection, while minimize ...
Kris Haskins
Rent control coming to Virginia
So I read last week the politicians in Richmond, VA voted down a bill to stabilize rent in the state. HOWEVER, don't get too happy yet. The Virginia Housing Committee did create panel to do a feasibility study on re...
Robert Adams
Interest rates on the rise now that the election is over...
I can't wait for this wave of political back and forth to be over. It is exhausting reading through all the posts and threads and status updates etc...On another note what is everyone's thoughts on interest rates in t...