Robert Steele
De Minimis Safe Harbor Election (expense rather than depreciate?)
Does anyone know what to make of these new IRS rules that came into effect for 2014? (but I believe are back dated to 2011)It sounds to me like we can start deducting a large number of those repairs we used to have to...
Farah A.
Harris County Property Tax Protest
Hi there, I recently purchased a Townhome on 11/19/2021 in Houston, TX. I am new to the city and trying to make sense of the property tax protest process. I do believe the property values provided to me by the Harris ...
Leah Hill
Note holder not allowing sellers to sell
Hey all!Happy Saturday! We are under contract on an investment property with a closing in two weeks. However, we were informed today that our closing has to be pushed off to a far-off future date (rate will no longer ...
Peter Barrow Jr
Lender pre-approval for small multi-family
Hello. I've heard that getting a pre-approval before shopping for a small multi-family will is the recommended way to let the agent know you're serious and preferred if dealing with a BRRR. However, how do I get a pre...
AJ Aispuro
Found a Home Through a Wholesaler
We recently purchased a home through a wholesaler. We are in the 5th day of the process and we just found out that the 1800 square foot home built in 1905 as stated on the MLS is only really (legally recorded) as a 96...
Andrew Coulton
Cost seg downstream challenges
Hi all,In 2022 we completed a large cost seg study on our rental portfolio. We qualified for real estate professional status since my wife doesn't have a W2 and is hands on with our rentals. A very attractive tax savi...
Robert Borer
SD-IRA Tax Handling for Investing in Single-Member LLC
Greeting BP RE tax gurus:I've received a notice from my SD-IRA custodian to report the fair market value of my "investment". I invested in a Single-Member LLC, of which I am the "Single-Member". The single-member LL...
Tim Brinsek
Analyzing a Deal with Private Money Covering Part of the DP
I've been looking all over for this and haven't found any resources yet. (Even went beyond the second page of Google.)I have an investor who wants to partner on a deal by providing a loan for the down payment. DP is l...
Jarod Castaneda
Looking for guidance on property lived in first then renting
Looking for help in evaluating a home I purchased and lived in for 2 years. In the military at the time and moved. Decided to rent. Now having joined Bigger Pockets I want to see if what I have is a good deal and n...
Jered Cruder
Unique opportunity in Southern Allegheny County, I have questions...
Hello BP Folks! I have the opportunity to acquire a property in Elizabeth Forward School District. It is a situation which is new to me so I wanted to bounce it off the community. the property is in a decent semi rura...