Kolton Lynch
Between A rock and a Hard Place
Good Morning Bigger Pockets family, (Good Afternoon to some)I have been learning as much as I can about investing, I have met a mentor, I have read books and have started networking as much as I can. I can honestly sa...
Janice Reaves
Teacher: New to REI-Wholesale; Sub To; Airbnb; Flips; Rentals
Greetings!! My name is Janice R. Currently, I work as a math, special needs, and ESL teacher. I am certified both in NJ and NY states holding Masters' degrees. I live in the northern NJ, Hackensack area. FYI,...
Brad Ott
1st Deal - Need Help
This will be my 1st investment deal and i'd like some help. Here are the numbers followed by some questions. Personal Side:$50K w-2 + $50K personal note I own$40K savingsCredit Score around 750No personal debtProperty...
Tim Smith
Ways to increase revenue from rentals
Hello. I am looking for ideas to bring in more cash from my rental properties. Have any of you had any success at offering services that your tenants want or charging fees for anything aside from the typical late fe...
Pablo Madrid
de minimis safe harbor expense or bonus depreciation, tax on sale
I have some expenses which could go either way on de minimis safe harbor or to capitalize and depreciate to deduct. Assume i bought a rental house for $100,000 on Jan 1. Land is worth $10,000 so depreciation is $3,272...
Paul Hutton
borrowing cash from my corp.for rental purchases tax implications
I borrowed cash from my canadian corp to buy rentals all cash in the florida market. I will wright up a loan to myself from the corp to an interest rate that will completely offset any tax owing at years end from the ...
Kris L.
Personal Residence Shouldn’t be in LLC Right?
While it may be a good idea to put rentals or flips into an RE LLC I probably shouldn’t do that when buying my personal residence (not a house hack) correct? Otherwise I would lose out on mortgage interest deductions...
Andrew Leighton
Does anyone know if a flip is tax deductible
I bought a house I’m currently flipping last year. Can I use the purchase price as a tax deduction? I would appreciate all info as this tax season I’m being hit with a $6k tax bill.
Asim Hafeez
What are the best rental property rehab/reno investments
Buying my first 3 family. I was wondering a few things 1) what you have done in the past to walk the line of renovating rental units to get a bit more rent/appeal to a better tenant while also watching the budget. - W...
Nilusha Jayasinghe
Property reserves and personal efund locations
Hey all, I'm a smalltime investor currently living in a flat of a Chicago 2-flat while renting the other out, and also have a SFH rental in OH. I'm not looking to scale anytime soon. I have my personal emergency fund ...