It makes sense to want depreciation to offset ordinary income.
Here's the kicker:You need to establish that you are real estate professional. Then you establish material participation.There are two tests to a real es...

Hi all,I recently established a new LLC in Texas that would primarily invest in properties tailored for Airbnb and getaways. This is a new LLC that doesn’t have any property in the portfolio. The plan is to buy and ad...

Hello BPers,Firstly, I love BiggerPockets. I have learnt so much in very less time all because of BiggerPockets(Podcasts and Forums). I have recently closed on a rental property and have used all my savings on my two ...

My title company is saying that I cannot do a seller finance deal for a home I own free and clear and sell it under my LLC since there is a 5-year balloon payment. Has anyone had this issue? What did you do? She's say...

Any recommendation for a good preferably open source rental management software that primarily handles back end accounting?  I've used Quickbooks for years but it isn't really tailored for rentals and has become very ...

Hello bigger pockets crew! I have a property in Grand Prairie, Texas that was purchased with cash back in April that I'm trying to do a cash out refinance on. This is my first refinance, and the lender I spoke with to...

While engaging with the Bigger Pockets community, I've noticed many investors seeking funding. Frequently, brokers respond with phrases like, "I can help, let's connect," or similar offers. However, it's essential to ...

I've been analysing many deals every day along with a team of 2 members. It's getting difficult to keep track of things among the team members. I need a CRM tool that can help me achieve the following 4:-1. Deal analy...

Hopefully I phrase all of this correctly.I am curious what long time investors are seeing (or setting as their goals) as overall portfolio ROIs? I am located in Central Ohio, and we seem to be awash in properties that...

Hello fellow Investors!
I'm very new to the game and am not looking to purchase anything immediately as I am currently deployed with the Army. I've been trying to look for possible investments in my down time to get ...