Deondre Nabriet
Buying Property (Starting Out)
Hello again BiggerPockets fam! To end off a nice weekend, the fellas (also the two people I’m going into this business with) and I cracked a couple of cigars and did our brainstorming for the mobile home flipping vent...
Alice Yip
Need a CPA with real estate investment experience
I really need a CPA with real estate investment experience, preferably motels. I have all the numbers ready. I connected with Linda Weygant but she disappeared for the last 2 months. My properties are in Wisconsin a...
Anthony Mawyin
Air rights analysis?
My parents own a 3 story building in Bushwick Brooklyn. Some guy is trying to buy the air rights to their building and has offered $50K, $100K, and now $250K. My parents are now very interested in possibly selling the...
Kyler Clem
Writing off furnishings
Hello!I have just finished remodeling my downstairs into a rental unit. I want to full furnish it for mid-short term rentals. How can I write that off? If possible. Thanks!
Hunter Gibson
Do I need to pay taxes on closing costs
Hi everybody,
I am a new investor and just bought my second home on Dec 1 2023. In the closing costs I received one months rent along with tax rebates for the portion that the seller owned the home. I am not collecti...
Buddy Holmes
Combining Rentals for IRS Professional Standing
I understand from other discussions here on BP, that the IRS may have very stringent requirements for REI's claiming Professional Status to enable RE losses in excess of $25,000 per year against non passive income.One...
Bryce Davis
Foreclosure 1st Lien Gave Permission to Be Moved to 2nd Position
I am interested in a property that has an interesting deed recording. US Bank took over 1st lien position per registered deed. The borrower took one mortgage from Fifth Third is 2008 and took another lien from US Bank...
Will Deuter
DBA, LLC or just GO first?
Hello BP!I know there are a ton of posts regarding LLCs and DBAs for starting out, but I want to spell out my thoughts here for some advice...I want to use a website for my marketing side of things, but I would like t...
Katherine Valenza
Schedule E rental assets mixed up
Does anyone know what you have to do on a tax return if the assets were incorrectly entered for a rental unit that actually belongs on another rental unit? The owner is selling one of the rentals and the assets are i...
Nick Am
Setting up a management S-corp for managing rental property owned by an LLC
I own a rental property through a single member LLC (say LLC-A) and I am in process of purchasing another property under the same LLC-A. Currently, I am self managing all the operations. LLC-A is a disregarded entity ...