In Pennsylvania when a property doesn't sell at the Judicial Tax Sale (Free & Clear Sale), it goes on a list (Repository List) where it can be purchases anytime for a nominal price. When the sale is complete, the ...
Hi! How are you guys tracking your deprecation? Which software are you using? Or are most of you strictly relying on your CPA? Id like to track myself and be aware of my tax deductions.
Thanks in advance for your ...
I own a single condominium unit in Washington DC that I previously lived in. Last year, I moved out of state to take a new job and turned the condo into a rental. My tenants gave me notice that they needed to move out...
Hello everyone, my name is Rich Mohn and I am a resident of Illinois. I am a frequent "lurker" on BiggerPockets! I do appreciate all of the tips that you can pick up on here, it really is a very useful site.
My sit...
Commercial Real Estate Newbie question here!
I purchased a 7500sqft, 5-unit office building under an LLC that I use for my RE Investments. I purchased for 410K and the building appraises as-is at $520K. Current re...
Hi
I found some multifamily properties in the AZ area that gives pretty good cash flow.
However, they are pretty old and is generally more than 27 years old.
Increased maintenance aside ( I will have to engage a ...
Hello, I'm a newbie here and just bought my first rental investment property in Ontario. I'm trying to figure out what the more lucrative strategy is to grow my real estate wealth for the future. I'm considering 2 opt...
I think I know the answer to this, but is it correct that you cannot take bonus depreciation on a house older than 1986 build? To me it would be new (i.e., acquisition in 2022) but its the build date, correct that is...
For those that have built ADUs in California, especially the Bay Area, have you seen your property tax increase a lot after the ADU build? Do you know how property tax is assessed for ADU? I know they are assessed sep...
Hey guys, I bought a 4 unit in Cincinnati in 2020. This month my mortgage payment jumped overnight from $2100 to $3000. Called the mortgage company and they said my insurance has gone up somewhat, but its mostly my pr...