Account Closed
Going to have LOTS of $$ for 10 days- what to do with it????
I'm in-between houses, and for a period of 10 days, I'm going to have over 1.3 million in my bank account. A friend of mine suggested that I open a high interest savings account (2%) for 10 days and I'll accrue ~$700 ...
Morgan McConnell
Looking for some advice
Hey guys. I’m looking for some advice. I have been reading about real estate investing for the past ~6 months and I really want to jump in within the next year. My wife and I currently have about 60k debt (mostly car ...
Jake Boyer
Egress windows - Absolute requirement?
Hey All, I've got a duplex where we've got a full height basement that we'd like to add two bedrooms and a bathroom to. The basements (one on each side) do have windows currently, but they wouldn't qualify for egress ...
Yatin G.
Bonus depreciation and cost segregation
Have a few questions 1. Can you buy a property as a vacation home (10% down) , use it for personal use for 2 weeks in the year and use it as STR for rest ?2. Can you do a cost segregation on this property and use it f...
Travis Watts
The Biden Tax Plan - Impact to Multifamily?
Curious to hear everyone's thoughts on the proposed tax plan from Biden and its impact on multifamily, or real estate in general. A couple highlights from the proposal:#1 Elimination of bonus depreciation
#2 Eliminat...
Clay Wyant
Lawyers of Biggerpockets: Non-law firm careers in real estate?
Hey everyone, So a quick bit about me, I've got a law license in Texas with the end goal of being a cashflow oriented investor such that I can build up enough passive income to meet my living expenses one day. As the ...
Justin Juhan
Renting Primary Residence Then Moving Back
Good Day,My wife and I are just getting started in real estate investing. We purchased an investment property (single family) at the end of last year an put in lots of sweat equity, it is now bringing in about $400 a ...
James M.
High rental income.. Pay income tax or buy another property?
Hey all your savy investors out there, I have officially completed my first "BRRRRRRRR" after 2 years. I did all the work myself and what a learning experience it has been. I was able to take the annual gross rents fr...
Brian Scott
CPA help: Report Rental Loss on 1040
2021 is my first year as a landlord and to save money I'm doing taxes myself for the first couple of years. To avoid doing anything wrong I wanted to double check a few things. Can any CPA's answer the below? I've sco...
Matt Cecil
Right path - sell, refinance or rent
Hi All,I'm new to BP and REI so here's a little bit about myself. I started out a year ago on the BP forums, podcasts and reading books. I fell in love with the idea of REI so here I am. My wife and I bought our first...