Bienes Raices
Determining basis of REO property (rental)
If you bought an REO property (to be used as a rental) that needed substantial repairs and the market value is higher than what you paid for it, how do you determine the basis for federal taxes?
I have been told vari...
With a few money tips for 2024, you could take your savings to a new level this year. From investment fees to utilities, there are all kinds of everyday expenses that you might not have thought to slash!
Welcome ba...
Your tenant is breaking their landlord tenant lease agreement. What now? Do you go after the money or eat the loss? Depending on the amount, it may not even be worth the trouble. Either way, perhaps the more important...
Shafi Noss
Syndication: How Valuable is the Time Value of Money?
Hello everyone, I'm trying to get a sense for just how valuable tax deferment through depreciation is to the multifamily passive investor. Suppose passive investor Isabel invests 100k in a syndication. The syndicat...
Earl Stewart Jr
S-corp tax filing for uber and flipping house(3 years held)
I have a single member LLC that is taxed as a S-Corp in which I flip homes and drive for Uber. I purchased a property in 2017 and finally sold it in 2020. I sold it for less than what I bought it for. I have filed the...
Nate Meeker
Things you wish your CPA knew?
Hi Everyone,
The reason for this post is to gather feedback on what your ideal services, care, and even pricing would be for a CPA. BiggerPocket clients are some of my favorite to work with so any and all constructi...
Warren Monlux
Provision Wealth
Hello everyone, first off I would like to thank everyone who posts here, I really appreciate it! I am thinking about working with ProVision Wealth out of Tempe Az, and was wondering if anyone could provide a review or...
Daniel Mendez
Cash Flow: How much should I save?
Good evening BP, What percentage of your cash flow do you save for tax purposes?
Anthony R.
Using Pre-Tax Rent To Paydown HELOC
So it recently occurred to me that I might be setting myself up for failure. Earlier in the year, I bought a new building, but instead of traditional financing, this time I used my HELOC to purchase it. The numbers ar...
Helen Fradette
Newbie here, How do I calculate percentage amount to save?
Hello, I'm in the stage of figuring out where my money is going. When I hear people say, "Live off 50% of your income, invest/save the rest" how would I calculate that amount? I know the difference between GROSS and ...