Ryan Pyle
Accounting for asset disposal - do I have to recapture depreciation?
When accounting for the disposal of an asset, I'm not sure what to do with the accumulated depreciation and book value of the asset. For example, I replaced the carpet in one of my apartment units. The asset was on th...
Omri Avital
I have liquid money, how should I start ?
Hey, I have $80K-$90K liquid moneyInterested in investing in real estateI have knowledge, I did wholesaling for 2 years
My goals are to increase capital + accumulate properties. Would love to hear suggestions on how...
Harsha G.
Private Lending - Passive Losses on Schedule E
Hi All,Is there any way to structure a private lending arrangement so that income is considered passive (by IRS standards) and can offset accumulated schedule E losses? Perhaps as a syndication or credit fund?
Allan Guerra
Workaholcizm vs being a great dad
I currently have an apartment where the rent from the tenant is lower than the mortgage. I will soon have $22K to invest in real estate, but I would like to accumulate more capital to invest in a duplex or triplex. I ...
Nick Burkhardt
Bought my first Multi! Now what?
BP Community, we did it! My fiancé and I just closed on our first 3-unit multi in Southern Maine and are so excited to finally be off the sidelines, out of my parents basement, and in the game!The property is currentl...
Mathew Hilton
Termites in outdoor shed
Hi all,
I have a SFH that I'm planning on renting. There is an storage shed shed adjacent to the garage that has been found to have drywood termites. It's quoted at $2275 to treat, but can I just demo the shed and di...
Pete B.
Live in then rent down payment strategy
We have used the strategy of buying with owner occupant financing, living in the property for over a year then moving into a new home, and renting out the prior home. I like it because it gives you a higher probabilit...
Matt Kvalheim
Can R/E Losses on a property be used to offset Profits from another property?
Hi,I’m having a tax discussion with my accountant, and I just want to double check that he’s got it right, so I thought I would reach out to the BP community!If I own 3 SFHs as rentals and two of them produce profits ...
Lucas W Schneider
Looking for investment partners for multi family projects
Hey y'all. I am currently located in Newark OH, and I'm targeting 4-unit multifamily projects in the greater Columbus area. I just switched over from W-2 income to self-employment in May, which makes me ineligible for...
Ian M.
Alternative to STESSA?
Hello - has anyone been able to find an alternative to Stessa? I thought it was great at first and conceptually it is, but the Automatic downloads are nearly useless. I've had a problem with one credit card for a year...