T Giddens
Should I buy a vehicle under business LLC?
I’m a fairly new investor, completed my first BRRR a year ago. My real estate business is under a LLC. I recently accepted a $10,000 business credit card with BOA and they are now offering a business loan for a vehicl...
Amy L. Pagels
Tax benefits for newbies - wait to close on STR until 2023?
We are new investors and looking to put an offer down on our first property in the next week as a STR. My question is for tax purposes, are we hurting ourselves in terms of the qualification of materially participati...
Daniel Renna
Advice for New College Grad Looking To Set Up for Success
I recently graduated college and landed a great job. I make a base salary of 60k and then I can make up to an additional 20-30k a year in bonuses. I have student loan debt of a little over 29k at about a 4.25% fixed i...
Bryan L.
Got an offer accepted today on a HUD
Well, they accepted the offer that I put in last night. Had been listed in the mid-50s. A couple of days ago they lowered it to 44. I put in an offer last night at 28, 200. This would result in a net to HUD of ...
Joshuam R.
Florida LLC 2 member taxed as S-corp
Any one doing it this way if so, any good info or lessons learned would be appreciated.Had our LLC few years, (stagnant/not used), have not selected S-corp or C-corp with IRSFrom what I gather best form will be S-corp...
Nick Maugeri
Cash is king rings tru
Acquiring three deals this month has been a well fought effort. Two of them financed conventionally at an 85% LTV and one that was acquired with a five year lease option. It has been great underwriting these deals and...
Ben Polansky
Maximizing Real Estate Professional Status
Hi BP - first time poster here! I own a few properties in the Los Angeles area with a partner. This year is the first year I will qualify as a real estate professional and be able to take some aggressive deductions th...
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...
Mindy Jensen
Raising Private Capital by Matt Faircloth
Grow your real estate business and raise your game with other people’s money with the newest book from BiggerPockets Publishing!Are you ready to help other investors build their wealth while you build your real estate...
Garvin Yu
Smartcoinbox coin operated laundry
Has anyone used the smartcoinbox coin operated timers for laundry machines? I want to put in a few washers and dryers, but coin operated machines are a lot more expensive and are from what I’ve heard not any more reli...