Tricia O'Brien
Depreciation - paying back after sale of a rental?
I am trying to understand how much depreciation I will have to pay back to the IRS if I sell my single family rental home that has been a rental for 5 years. Is it the full cash amount I depreciated or the amount of d...
Benjamin Latusek
Adding Investment to Profile: 13 units in Des Moines
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $925,000
Cash invested: $200,000
13 Unit Multifamily property in the Waveland neighborhood of Des Moines, Iow...
Jayson Cornwell
Seven years to the dream of being financially free!
My name is Jayson, I was raised in Idaho since I was 12. At 18 I joined the Air Force and was stationed in Korea and then Italy. I then got out of Active Duty and joined the Washington National Guard. For my civilian ...
Landon Hale
Real Estate Professional Status?
I am looking for some clarity on the REP status. My main source of income is a full time W-2 job with a custom home building company (S-Corp). I am part owner of this company. I also have multiple investments as an LP...
Amanda Chandler
Any feedback on my listing?
Hi all,
Have my property up for rent (I live in this one still, moving out next week), and have had a rough time with applicants, looking for any feedback. We have had 37 inquiries, at least 15 tours, and 5 applicati...
Bilal A.
Any High W2 earners out there?
To the High W2 earning BP members out there, what strategies have you used to decrease your W2 taxable income? Depending on what state you earn your wages, income tax rates of 40-50% are unreasonable. Most of you like...
A. Maldonado
My introduction, the beginning....
Hello everyone my name is Andrew, but my friends call me Maldy. Ive been in the army for 14 years now (joined right after high school, I’m currently 32 years old). I have zero experience with real estate other than bu...
Account Closed
What would you do with this house in Costa Rica?
The home where I grew up is in Costa Rica. It was built in 1982. My father legally owns it, but only my mother and brother live in it. Dad has expressed his commitment to leave the house to me and my brother, meaning ...
Nick Causa
Too much set aside for expenses?
Hey all, my wife and I have been looking to get into a multi family and house hack closer to work. I don’t know if its because we live in an EXPENSIVE area or because we’re trying to FHA a multi so the monthly debt se...
Sam Kensinger
Hard to get Financed
I am a newly single dad going through a divorce. I started a new job 4 months ago that pays heavily on commission. I do quite well but because I don't have 2 years of that commission demonstrated, I can't qualify for ...