Dung P.
Quick tax Q about expenses vs depreciating rehab
Hi! I just had a, hopefully, quick question regarding my situation and if my assumptions about expenses are correct. I'm currently rehabbing a property I bought and isn't "in service" right now. Not much has been don...
Jeff Takle
Beta testers needed for development of PM software
Hello. Cyber Applications Group, LLC is in the final stages of development for the Virtual Property Manager, a web-based system for individual owners of rental property to professionally manage their own properties.
...
James Wright
Syndicating properties I already own
Hello, I own about 450 units, and raising money to buy 500 more or so, I am raising a fund for new properties currently, but the thought occurred to me to syndicate my current properties and use the money to buy more ...
Jay Hinrichs
BP Etiquette
What is proper etiquette for1. when someone votes for you I have 370 plus votes in 896 posts in 5 months and have never acknowledged anyone who voted for me.. Is this rude or just the way it is.2. Following is it pro...
Chris Seveney
Can you buy from your SDIRA
I am fully aware that you cannot sell a property you own to your SDIRA, but on the flip side can you buy from your SDIRA. Below is an example:
Let's say I acquire a property for $100k using my SDIRA funds and spend $...
John Tarantino
Cost Segregation Questions
1) Will you lose material participation in the cost segregation if your property is in a neighboring state?
2) If you close on a property in December this year. Can it still qualify for 100% cost segregation?
Account Closed
Back Door IRA Anyone?
Goal: Stuff my self directed ROTH IRA.Currently have an employee 401k (pre-tax only I believe), Oregon College Savings Fund (oregon income tax deductible), and no traditional IRA. Is there anyway to funnel these accou...
Joel Hunt
Hard money tax reporting
In 2022 I participated in a hard money loan and terms were for a year. I received a 1099nec in 2023 with the amount lended plus interest. How do I go about only reporting the interest earned instead of the entire amou...
Nick Ho
Multiple LLC's and Solo 401k
I am new to BP and this is my first post. I want to take this opportunity to thank all members for all the topics that I have read on these forums these past couple days. Wonderful stuffs and tremendously helpful.Me a...
Umer S.
Rent reporting to credit bureau
Hello All,Can somebody please recommend some companies that report tenant’s rental payments to the credit bureaus. I would like to use this service as a landlord and report my tenant’s payments.Anything you can share ...