Just hoping you all here could give me a hand, i am filing my taxes online with rental income for the first time and i need help with this form-
New, Used, or Converted (Building) Form 4562
Which describes this p...
I'm pretty sure I know the answer to this, but maybe not. I have 2 rent houses in a SDIRA. I have someone whom I've been paying $25 do go over and do minor things like change the air filter, unclog a toilet, etc, s...
Bonus DepreciationIf i purchase a new construction as investment and put in service for rental, upgrades on top of the base price of the House(As sold by builder), can I deduct it on year 1? Example, if I upgraded t...
Hello everyone. I am new to bigger pockets and looking for some help. Can anybody give me some good info on this area. I am looking at a condo in Fat City as an investment property and read there is a lot of revitaliz...
I received an e-mail from a Lender I have been talking with, and was told the following ......" To determine the maximum improvements amount you will use 20% of the sales price.Example: If you sales price is $50,000, ...
I'm new to 1031s. Are there any creative rules that might help us in the following situation? Are there any other options I am not thinking of?Background: As my husband and I consolidate properties within our family b...
How's it going guys, I have a few questions regarding flipping homes in CA, Los Angeles area to be exact. This is my first post and I am looking to learn a lot before I get started on my 1st flip. I do have some real ...
I am rehabbing my first rental(buy & hold). It curr has Berber carpet - bit worn out. Looking at suggestions on whether to go with laminate or engineered hardwood. I don't want to spend extra for actual hardwood. ...
Hi Bigger Pockets Forum! 2019 was a learning year for me. I read a few books, made some connections, and continued working my day job. In 2020 my goal is to purchase a single family/ duplex in Southeast, WI and learn ...
Wife just got a call that buyer's bank is asking about purchase price of the our first flip set to close on 3/8. they wanted to know the purchase price and rehab costs.
anyone know why they would need it. I want to...