I understand the 6k lbs.+ write off. And writing it off in 1 year vs 5… But is there a scenario to write off non SUV/Trucks under 6k lbs.? For example a sedan… Doesn’t have to be a brand new S Class… Or SUV’s under 6...
Hi Everyone,I am about to purchase a car and will be using it for both personal use (e.g., grocery shopping, gym, etc) and definitely for RE business (scouting neighborhoods, seeing listings, visiting properties for m...
I am in escrow on a commercial/industrial complex with 3 fully rented warehouse buildings and a dirt lot in the back corner. Currently the tenants are storing construction equipment and personal RVs in the lot for fr...
My wife and I both work full time and are looking to house hack for our first home with plans to purchase more rentals in the future and build a steady income for retirement. Before starting we were hoping to get some...
Hello Bigger Pockets community! So I'm still brand new to REI and just finished reading Set for Life and am now finishing rich dad poor dad and also just started finding and finding great deals. So I've made the decis...
As fund managers, it's important to have a historical perspective when it comes to investment strategies and where we allocate our money. Real estate investing has been a popular way to build wealth for centuries, wit...
Hello BP,
We bought and rented our first investment property last year. It is in our personal name (no LLC) and we did our taxes for the first time. We were keeping track of our business expenses, particularly our ...
Hello BP Community, I have a question regarding one of my tenants:
To give you some quick background info:
- I inherited this tenant in my tri-plex that I bought about 6 months ago.
- This tenant has kept the un...
Hey,Im new to the real estate investing world but after being out of school a few years feel i need to start diversifying my investments and feel that property is the way to go. Currently i live in San Francisco and r...
Hi BP Community,
I am a little hazy on tax code section 179.
I am a reasonably high income earner (W2) and gaining momentum in the RE investing world. I am looking into getting my RE license and opening up a manag...