Tax season often leads to creative interpretations of what can be considered a deductible business expense. However, a recent case highlights the importance of thorough documentation and substantiation when claiming d...
How many active members on BiggerPockets are physicians that are currently practicing? If so, what is your reason for maintaining your active real estate investing status? What are the ways in which you utilize real e...
How many active members on BiggerPockets are physicians that are currently practicing? If so, what is your reason for maintaining your active real estate investing? What are the ways in which you utilize real estate i...
Investor in her mid 70's has a rental house. It's been a rental for 10 years and she's never lived in it. Her basis is $170K and its market value is $300K. She does not want to invest in more real estate. She wants to...
My client has a paid off house in an affluent neighborhood in a nice suburb of Las Vegas. It is a relatively luxurious place and could rent for a significant amount. He is considering leasing to his son, who is in a...
Three heirs inherited a property. Two want to sell and the third does not. The third heir currently lives in the property. Suggestions for purchasing the property?
My Dad is 75. He lives in a home with a reverse mortgage. His home is valued at $300,000 and the payout on the reverse mortgage is $120,000. I would like to pull some of the equity, give him some money, make some upd...
Here is the deal:
Father in law is selling me a rental property that he has owned for 25 years. I think he originally purchased the home for 35K. The home recently flooded and lost a significant amount of value whil...
Has anybody ever hired a lawyer to reduce their property tax burden ? St. Louis is jumping and I don’t want to decrease my cash flow for property taxes. Anybody know a lawyer who does this for residential SFH ?
When I did my 1031 exchange I of course put my up leg in the same vesting name as my sold property. It's been 3 years now and I want to place all my properties in my revocable. Zero money will be exchanged. Just want ...