Account Closed
I disagree with my accountant on interpretation of the de minimis
I dove into the IRS code today, and I think I have an airtight argument that the de minimis rule applies not only to personal property like refrigerators and computers, but also to materials and supplies used in impro...
Edward Adams
Roof Replacement Depreciation
Hii just changed the roof on one of my rental properties. it cost 18K and insurance paid for it and i only paid 1.5K for deductible. do i just depreciate the 1.5K on my tax return or 18K?
Silver A.
Hello from Tallinn, Estonia
Hey,
I've been reading biggerpockets.com for ages now, some good stuff here. And now I've finally signed up to participate on the forum.
( Wait... Estonia? Yes, a tiny country in Europe, just south of Finland and we...
Vindy Ma
Month by month rent
Merry Christmas to all BP!I got headache recently. I bought my first single family (3b2b)in May this year in Nashville,TN and live here. I did Airbnb immediately after I bought it. My problem is I didn't check the law...
Holly Lehman
New Member from Bartlett, IL - west of Chicago
I am just starting out in REI. I have a true passion for this and I want to make it work for the long haul. I have made some changes in my life that will allow me to dedicate a big chunk of time to this endeavor....
Jake Thompson
Feeling Overwhelmed/Struggling to Pick Niche/Strategy
Hey friends,I'm a new investor, just bought my first property (a duplex) that I intend on holding for rental income (currently living in one unit). My problem is now, I want to really narrow down and focus on a niche/...
Ralph Miller
Do I pay for my tenants hotel room?
Yesterday my tenants AC broke. They needed to spend the night in a hotel room because the AC repairman couldn’t make it until the next morning at 11am. I’ve been researching the requirement about whether I need to r...
Frank Lo
Campus Housing Ohio State University
Hello BP!This is my first post in the forum. I’ve been reading and researching as much as I possibly can lately. I am looking to start my REI journey. I own a business and live in Marion, Ohio, about an hour away from...
Sejin Kim
We bought a house a month ago, should we sell it or try to rent
Hello, I am just starting studying in real estate. My goal is financial freedom in few years! Now I don't know what will be wise with my property in current situation. Any advice will be greatly appreciated. So, my ...
Andrew Hoefling
Renting a Room In My House
I'm interested in renting a single room in my single family house. I already have a roommate that lives with me but I've known this person for years and they are clean and respect my house. My current roommate/tenan...