For bookkeeping/ tax purposes: if you replace an A/C unit and hot water heater does it get categorized as a capital expenses or repair cost? I have been researching to ensure I log it correctly in our bookkeeping soft...

When you sell a rental property, depreciation recapture is taxed at higher rate.My question is do you owe the tax on depreciation recapture if you actually had no tax benefit from it during the years you were renting ...

hello everyone, I'm working with a lawyer in the area to start a business structure for real estate investing (mainly for rental properties). I drew out a business structure based on my conversation with him. if you g...

Hi BiggerPockets,I wonder if anyone has experience in moving properties from personal name to LLC. The properties stayed on my 1040 Schedule E for a few years and have accumulated loss when depreciation is included. H...

Hello,Exploring the feasibility of getting an owner occupied, FHA financed triplex in Dunedin, FL.  When I look the property up on the county website it is zoned single family.It's an older home so I assume it has bee...

Just thought I would post for those interested in tax sales.  I attend several auctions a year and buying houses via tax sales has been the most profitable way for me to consistently purchase homes.  So I am sold on t...

If I put $20k into rehab is that entire amount deductible? Also, will it, along with depreciation, offset penalty for cashing out 401k?

My 401k wasn't a lot so my 10% penalty is only a few thousand.

Thanks

I found a distress property with a life state. The person that has the life state died last year and the prior owners are dead as well. How can I search if there is an heir? I will highly appreciated some guidance:)

Hello, I was curious to know how to best find an accurate list of preforeclosures for Pierce County/Tacoma, WA? I see the Pierce County website has it but the list is not yet available. I did not know if there is any ...

My Ex-Wife and I are finally selling our apartment which we bought when I was stationed in Hawaii.  She has been living in that apartment for over 8 years now, but since then I have moved back home to MD.  I have rece...