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Hello BiggerPockets, I would like to hear your thoughts on the best way to work with contractors in a way that one pays for materials, still pick finishes but have the contractor handle all the materials pickup, excha...
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I am buying a house to fix up and rent. Are supplies such as paint brushes, blades, and other miscellaneous tools and supplies used to fix up the place deductible in the current year, or do they get added to the basis...
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Hi fellow RE investors,
I am trying to finish my taxes for 2011 .. The same question that hunts me every year raised its ugly head once again.
Issue #1:
I have two times of expenses, routine maintenance that sometim...
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Hello everyone.
I’ve came here today in hopes of getting a few questions answered.
Does anyone know of a good free public forum where I can get help when I have a question about my taxes? I’m looking for the kind o...
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I am trying to understand how depreciation is calculated with respect to improvements. Please correct me if I am wrong, but my understanding is lets say I have a property I purchased at 200k. Lets say 50k is the value...
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Hey All,Is someone able to highlight the main differences or challenges between financing an investment property with a conventional loan with W-2 income vs non W-2? My wife owns her own business but is technically a...
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Hi everybody!I am buying a rowhouse in PA with an oil tank in the basement, I am doing a rehab but my budget is really tight and I don't have enough money to convert the heating to anything else. How common is to have...
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Hey guys,I’m about 3 months away from having to renew my renters lease. I know this is an odd time, so two questions. First what’s your thought on increasing your rent during this time (my tenant is in the medical fie...
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As a part of the $2 Trillion CARES Act, the SBA is authorized to lend $349B to small businesses impacted by the COVID-19 economic impact.The primary program for small businesses through the CARES Act will be the Payro...
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HI BP!WE PUT OUR BACKS TO WALL AND REALITY HAS SET IN! WE ARE OFFICIALLY STARTING OUR FIRST FLIP! I'VE DONE SO MUCH RESEARCH AND FELT SO PREPARED BUT NOW FEEL LIKE A DEER IN HIGHLIGHTS! I FULLY UNDERSTAND THAT TIME IS...