I need to talk to someone at umpqua (formerly Sterling svgs) about buying a note for a home that was just foreclosed. Anybody have a contact that I can speak to at the note department?Thanks in advance.
Hello all.
I have a question that may not be able to be answered here, but I will try anyway.
I own a number of properties that have been purchased within the last 2 years. The problem (and may not be a probl...
I have a general question about business and real estate. I keep hearing places that people often buy real estate to offset other businesses. Is this just for tax purposes? I need some more detail on this subject. Tha...
Hi, in 2018 I moved some of my properties under my personal name to a single member LLC in the middle of the year. Should I be reporting rental income & expenses separately during the two time periods, (before and...
For those that ONLY read bigger pockets and what their guru's are telling them. Here is some recent news on some prime real estate. I know many will say "that is commercial it will not impact residential". My opinion ...
I’ve read conflicting answers on depreciation and how or if it can be used against w2 income. I have decided to get started investing in rental houses and I’m trying to understand the tax side before buying anything. ...
Hi bigger pockets community! My partner and I just purchased a house in Feb and are renting out the majority of the home. We were fortunate to get the ball rolling fairly quickly and only have to fork out 1.5 months o...
My tax preparer decided to depreciate general and foundation repairs which amount to about 12k on my 2021 tax return. Wouldn’t it be better to deduct it rather than depreciate it so that I get a bigger refund?
Although my account is new here on bigger pockets, I am not new to the forums. I have used bigger pockets to find answers for a long time... and I religiously listen to the bigger pockets podcast. I am not really a ...
Hello,I am new to real estate investing. Part of the reason I'm beginning down this path is for a tax shelter for my W2 income. I'm married with one child and make $135K.Will I benefit more in tax deductions by purc...