I have some expenses which could go either way on de minimis safe harbor or to capitalize and depreciate to deduct. Assume i bought a rental house for $100,000 on Jan 1. Land is worth $10,000 so depreciation is $3,272...
Hello BiggerPockets People!I'm Justin May, a college university police officer that does not want to rely on government programs for student loan forgiveness and retirement funding! I enjoy public service and the bene...
I think we've reached a tipping point where it's beginning to look like the economic shutdown in response to the COVID-19 pandemic is causing far more harm than the lives it (may) save. While shutting down some busin...
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $880,000
Cash invested: $220,000
11 Unit Apartment Building
What made you interested in investing i...
I've been practicing commercial real estate for about a year and have seen a trend in both residential and commercial in which agents are essentially buying listings. I'm sure this is nothing new. Instead of accuratel...
So I sent the form in and should get a hearing in a few weeks to try to get my taxes reduced. I am buying the property for 45k and it is assessed at 110k I also have recent
Comps to prove it my question is they said i...
I've been practicing commercial real estate for about a year and have seen a trend in both residential and commercial in which agents are essentially buying listings. I'm sure this is nothing new. Instead of accuratel...
Hello BP!Seeking some suggestions on how to best update this backyard to improve the space and make it more functional. The elevation is lower than the house to the right which currently causes water to pool after rai...
How can I charge my tenants for electric and water usage when it's all on one meter?do I just include everything in the rent and check on the past years usages and add it that way
Hi! I am self managing all of my properties and at the beginning I just signed leases with fixed utility amounts for simplicity. I’m realizing that was a mistake because the tenants are running up the utility bill. Pu...