Robert Fleming
Converting primary to rental
I converted my primary residence into rental last month . How will I be taxed if I only rented the unit for 4 months this year ?
Brandon Ellis
Using business as personal property?
Just curious but say if I had a property on the beach I was using as an AirBnb kind of property and I wanted to use it 2 weeks out of the year. Can you do that, or do you need to pay yourself rent or something like t...
Carl Ohai
"Average" Advertising/Marketing Budget?
I'm studying for my agent exam, and I want to transition into a career in selling residential real estate.I want to learn about how agents allocated their budgets for their real estate business.I've talked with two di...
Ryan Rabbitt
Employer does not match 401k - should I invest?
Hey BP Community - My employer does not match 401k contributions so I'm considering abandoning the contributions altogether and instead investing in something like the SPY ETF on a regular basis. I'm curious if anyone...
Danny Phagoo
New Member from Philadelphia, Ready to Make It Happen!
Hey guys, Danny here from Philly. I've been in real estate for about five years and have worked for a larger developer. During that time, I created an acquisitions subsidiary which was responsible for all acquisition ...
Pablo Madrid
de minimis safe harbor expense or bonus depreciation, tax on sale
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...
Tristian Cox
TAX HELP! 1st year investor
Here is the slim & Quick - -I am teacher, base salary 60K, (i referee multiple sports for extra cash)-Feb 22 of last year I bought a duplex - my first property - 165k, 2 2bdr apts. -My split is 700 a month roughly...
Eric McAvoy
Would you do this deal?
Here are the details:Tripled listed at 125k and I plan on offering 117.5kP&I would be $570/moRental income: $1675 from all 3 unitsThe issue is the 25% down. I don’t have 30k but I could get it from investors. I’m ...
Michelle Costello
Selling two family, capital gains advice and multiple properties
I am selling my two family home in Boston, MA. I will make about 200k off this sale. I lived in the home for 5 years and rented the second half out. Am I entitled to exemption on the whole property? If not, can I use ...
Peter Lampione
Expenses
Hi! This is Dina, Peter's partner (and wife!). We just introduced ourselves on BiggerPockets 2 days ago, and we warned everyone we have a bunch of questions...so, this is the first one that's been plaguing me. I'm a n...