Miles Nunez
Real Estate license or Start an LLC? Please help
So I am in a dilemma should I as a new wholesale real estate investor start an LLC to hold my properties when flipping the contract or should I go ahead and get my Real Estate license?
Bryan Hancock
Generating Large Depreciation Expenses With Positive Cash Flow
We're doing some planning for next year to reduce taxes and I was hoping some of our more astute investors could give me some ideas about generating large depreciation expenses to reduce passive income. The following...
Lance Friesz
1031 into a new primary home
I am hoping to get some help on a situation we are looking at and would appreciate any input! I also understand that this is not tax advice and I’ll will be working with a CPA.My wife and I are looking at purchasing a...
Ashton Ferrazzo
Depreciation = 0 Taxes (Conceivably)??
Hello folks!Can someone tell me if I am thinking of depreciation and write-offs in the correct manner for rental properties? I was trying to envision a scenario where someone could potentially have (close to) $0 tax l...
Karla Kahmeyer
how often do you see land value greater than improvement value?
Hello BP community!I was visiting the county assessor site for my first property because I was trying to learn how to determine depreciation. I saw something I need help with. In case this is germane to the explanatio...
Joshua Morency
Finding Private Lenders/Investors/Partners
Hi everyone,
I am currently new to real estate investing, and like many of you, have learned a bulk of what I know through BiggerPockets. Listening to the podcast, reading the forums, and doing my own research have m...
Mario Mormile
Why does this deal work/ not work?
Hello everybody, I am putting together my first deal- a century home duplex. They have recently dropped the price to 65k. I am making an offer of 50k. All of my numbers in the analysis are based off of this 50k purcha...
Lee G.
Conundrum: Next Financial Move After 2 Properties
Summary question: How would you allocate by extra money saved from my paycheck by percentage between 1) stock piling cash for a 3rd rental property 2) paying down existing mortgages ( I currently own 2 mortgages that...
Joseph Skoler
Co-op Mortgage Tax Deduction Limits and Calculation
Could someone please explain the mortgage interest limitations in the case of a NYC Co-Op owner?
For example:
Co-op has 100 units and an outstanding underlying mortgage of $20,000,000 ($200,000 per unit allocated). ...
Venice Victory
How much would you spend today for a monthly cash flow of $40k?
That's it, that is the question!How much would you spend today for a monthly cash flow of $40k? Explain.