Mack Fleming
Real Estate "Dealers", Installment Sales, Deferred Taxes, and the IRS
The IRS does not allow real property Dealers to use the Installment Plan method of accounting. This means that if the Dealer does an Owner Financed sell, he/she is responsible for the tax liability for the entire pape...
Tyler Ingram
Florida Keys STR analysis
Hey Bigger Pockets!My fiance and I are looking to buy our first STR. We're close to making an offer but want to get another set of eyes on the numbers. Here's what we're looking at:2 Bed/2 Bath condo in the Florida Ke...
Stephen Brown
What are your general guidelines for expenses?
Hello all,I know that expenses vary on several factors and are different for every property. For example, you got to call an insurance agency to get a quote, rehab and maintenance will be different based on age, size,...
Rodney Smith
Due Dilligence - Forecasting Expenses
Hello BP, I am looking to 1031 a few properties that I currently own in Redding, CA and roll them into a larger investment with better cash flows. In short I have sort of house hacked a 4 plex and an SFR and would lik...
Abhishake Chhibber
Help needed to evaluate a deal
Hi folks,I'm new to the BP - thought I could ask experts for some advice for a commercial property I'm evaluating to buy. This will be my first commercial property, and I don't have much experience in commercial so ...
Chris F.
Bought a bobcat for snow removal. Can I depreciate?
Title says it all. I got a bobcat with a deal. Can I depreciate it against the LLC holding the property or against the property itself?
Bernie McAnena
Repository Sale - PA
I am looking at a property for a repository sale in Wayne County, PA. Both owners listed are deceased (first passed on 2013 and second in 2017) and from NJ. Doing some digging I found that their home in NJ was forec...
Account Closed
Attention Oil and Gas Folks: Investment Opportunity or Scam?
Totally out of my depth on this and interested to learn more. I have an opportunity to invest in the Working Interest through a Participation Agreement on an oil and gas "development". However, no drilling is requir...
Casey Rouse
Property taxes > Mortgage
My property taxes are now 76% of my mortgage. Last year we had a double digit increase, and almost double digit again this year. This is not only a direct attack on investors, but also retirees and other people on fix...
Matt McElravy
Advice for creative financing for down payment of Owner Carry
A friend of ours is moving to Hawaii and wants to sell us their 56 acre property that includes a business that generates $220K annual gross revenue (about $100K Net). They are asking for 1 million dollars. They will...