Hello,I have a newly-purchased residential rental property, and I'm just now setting up my financial tracking for it.What's the correct number to use as the original cost basis, for depreciation purposes? I'll be spli...

Hi all, My dad owns a commercial building and is looking to purchase a beach house investment property. The commercial building is sold. Closing in a few weeks. I told him about doing a 1031 exchange. The commercial b...

Tax experts please help...I'm reading the book, Principles of Real Estate Syndication by Samuel Freshman.From book "There are certain tax advantages allowable with respect to new construction of residential income pro...

Im anylizing some commercial properties and have noticed the different tax rates compared to the total property square footages. It seems that the properties that are made up of multiple smaller lots, where the b...

Hey BP Nation, @Yonah Weiss When doing a coat segregation study, how do they establish land vs structure values in a high land cost area? On several podcasts I’ve heard that the land is anywhere between 15 - 20% of pu...

I'm interested in a 6 unit complex in my area.  The lender I am trying to get prequalified through is requesting 3 years of tax returns from the seller.  The seller provided the tax returns but the claimed cash flow h...

I just went to actually see a home I found online and got under contract in order to get pictures for marketing at the request of a potential buyer. When I arrive I see that the home had been condemned and upon speaki...

I bought a single tenant commercial building in June of 2015.  I planned to hold long term.  The month to month tenant just moved out last month, so I've been marketing to find another tenant and have some good possib...

SPLASH!! So I'm jumping in here. Super Excited (and a little bit nervous) to be entering the bigger pockets community. My names Trevor Moulton, I am 23 and come from a small town in upstate NY. I stumbled onto a coupl...

The commercial office space is owned by my LLC. I need to allocate a certain rent to pay myself as I use 2 offices working as a medical provider (another LLC). The higher the rent, the better for tax purposes. Is ther...