Tyler Hogan
Max out Roth or save for real estate?
Hi guys, I wanted to get some outside opinions on something I’ve been thinking a lot about over the past year or so. I have a goal of reaching financial independence by 30. I am 25 years old, married, have a mortga...
Diane Tycangco
Is Cost Segregation Worth It for 7 unit $600k Apartment Building?
Hello everyone! I have been gathering information and some people say cost segregation is only worth it for expensive buildings. Is this true? According to Turbotax, with 27.5 years depreciation, my $600k building ...
Trevor Kezwer
Canadian Tax Lawyer - Introduction
Hi All,
I just created a BiggerPockets account, and I am a tax lawyer located in Toronto, Canada. If anyone has investments in Canada or is considering making investments in Canada, feel free to reach out!
Thank you.
Melanie Baldridge
Want to turn your primary residence into a rental property?
Here’s how in 6 easy steps:
1. Check local regulations.
First, verify that your local zoning laws, HOA rules, or condo bylaws permit renting your property.
2. Update your insurance.
If they do, inform your insur...
Kevin McCollick
What to do with $20,000
I want to ask everyone in here what they would do if I had given them $20,000.
This could be answered 100 different ways and quite frankly I would love to hear all 100 answers.
Try to be as specific as possible, don...
JR Paulemon
Infinite Banking Concept
Hello BPA few weeks ago, I finished reading Becoming Your Own Bank (The Infinite Banking Concept) by R. Nelson Nash. Prior to reading the book I have been pursuing my 1st multi-family apartment deal in the Orange Cou...
Kinohi Larey
Cash Out Refi with Bad DTI Score
I have recently inherited a property that appraised at over 650K. This property is owned Free and clear and has no mortgage on it. It has a paying tenant in the property.
I really want to do a Cash Out Refi (aroun...
Angelina Callaway
When does a Cost Seggregation Study make sense?
I have two SFH rental properties. Each are moderately updated. One of them needs a new deck and fence. When does it make sense to do a cost segregation study? Is it best to do one after all updates are made to a prope...
Account Closed
UBIT or UDFI on Checkbook SDIRA syndicated investment?
Suppose a Checkbook SDIRA holder invests in a Syndicated LLC, which then purchases a piece of commercial property (i.e. Apartment Complex) using leverage that cash flows for 2-3 years before being sold due to apprecia...
Nick C.
Tap my IRA for RE Investment?
Should I pull out a portion of my IRA balance to purchase RE? I have $200K, but can withdraw about 45K without penalty (what I'm told by my advisor). He advises against it. However, I think I can grow this substantial...