![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/455008/small_1695007999-avatar-ravire.jpg?twic=v1/output=image&v=2)
Hello BP members,I am new to BP and love the community and the knowledge shared on every aspect of RE investing. I am really excited to find the number of areas one can invest in RE to make huge changes in lifestyle.I...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2891228/small_1709777827-avatar-ericg554.jpg?twic=v1/output=image&v=2)
Good Evening BP community. I've been reading through as many posts as I can this year and thought it was time to join. I recently got my real estate license just 3 weeks ago and will be starting my brokerage training ...
Client's building burned in fire. Residential rental property. Fire occured on 10/01/2020. Cost: $400,000Depreciaiton: $120,000 up to 09/30/2020Insurance paid $635,000. Assume no Salvage value.Insurance payment w...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3122542/small_1726948703-avatar-kylef318.jpg?twic=v1/output=image&v=2)
Hello, I am completely new to real estate investing and was hoping to find out from people who have been in the game for a while what a realistic earning potential would be from accumulating long term rentals over tim...
I would like to start a LLC and was wondering do I have to transfer the property into the LLC right away or can I do it at a later time?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3058973/small_1719282618-avatar-justing613.jpg?twic=v1/output=image&v=2)
I'm new to the wholesaling industry and eager to connect with others in the field. I've recently started a small business, Alpine Property Rentals LLC, focusing on wholesaling and acquiring single-family homes for ren...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/734807/small_1621496357-avatar-chriss369.jpg?twic=v1/output=image&v=2)
So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/606640/small_1694821401-avatar-angelar20.jpg?twic=v1/output=image&v=2)
I have been doing my own research on this subject and haven't found the clear answer or at least one I like. I have a call into a friend who is a Tax Atty/CPA as well but thought I would throw it out to the community....