Jeff N.
Tax deductable questions for new landlord
I apologize ahead of time since I'm asking a lot of basic tax questions, and I'm also just listing this stuff off as it comes to mind. With that being said...Clearly anything done to the house from here on out can b...
Evan Keturakat
Buying a vacant home of my parents (paid for) with my R.E. LLC
Hello BP! I am a real estate investor looking at a new opportunity and is looking for some advice..The Deal: My mother has a rental home that has sat vacant for most of the last 10 years. The home is paid for but need...
AMY NEWTON
Helping Mom Stay in Her Home
Hello all,
This post is in relation to a blog post I read by Dave Van Horn:
http://www.biggerpockets.com/renewsblog/2013/05/01/equity-rich-cash-poor/
I have been thinking a lot about this post as ...
Gavin Majors
Per diem food write off
I heard somewhere that there is a seven dollar per diem write-off allowed for food when visiting a rental property. Does anyone know if this is correct? Seems a little low.
Matthew Cervoni
Tuesday Tip: Tax Preparation vs Tax Planning
This week's Tuesday Tip is to know the difference between tax preparation and tax planning. Tax Preparation is simply a compliance exercise done once (or twice if you extend) per year. This process consists of filling...
Jonathan Godsey
How to structure a BRRRR STR with a partner (especially the refi)
Hello,My wife and I own and manage three high cash-flowing STR's BRRRRs in Colorado. She does the design, I do the construction. Now that I have invested all of my money, I am doing a partnership with my dad. We are c...
Kevin D.
Depreciation on private residence turned rental in 2016
My wife and I are regrettably taking a DIY approach to taxes this year (probably the last year we'll do this!) I'm seeking tax tips for depreciation on an SFR that was purchased in 2014 as our private residence then ...
Alex Farah
First Time Flipper.. Looking for tips! (tax tips especially!)
Hello all! I am new to the forum and have been reading/following as much as I can! I currently have a couple of rental properties and I recently just closed on a foreclosure that I have the full intent on flipping. Th...
Carlos Garcia
Would you refinance a 0% interest loan to get equity out?
Price: 75K, Repairs: 30K, ARV 130K
Hi! Owner is willing to finance inherited home at 0% interest with 10K down but it needs about 30K in rehab. What are some strategies I can use to make this a long term buy and hold...
Chris Steil
Newbie from CO, KS, MO w/ Flooring Background
Hello All,My name is Chris Steil and my wife and I currently live in Colorado Springs, CO. Although we travel quite a bit to Kansas City and some surrounding areas in KS and MO. We are getting into the process of obta...