Kenny M.
EIDL loans and purchasing fixed assets
I was talking to someone and she said if a company receives any EIDL loan they cannot purchase any fixed assets during the time you have the loan outstanding. Should this be true, what happens to people who have the l...
Jordan Brinkman
Purchasing property "subject to" when mortgage is behind
I am new to Bigger Pockets and figured you guys could help me out. I have a potential deal where I can purchase a home "subject to". The problem is she got behind 3 months in 2016 (approximately $8,000) and has never ...
Joe Mansfield
Advice on first property and developing a strategy
Hi all, I’m new to real estate and am trying to develop a strategy to best achieve my desired result. I feel like the biggest detriment to my financial picture is paying almost 40% in taxes (single with no dependents)...
Account Closed
Simple Seg Cost Segregation Company
Anyone use SimpleSeg cost segregation study? They advertise they can provide a study for under $300 in 10 minutes for residential under $500K.I have a home on the market I’m planning to 1031 exchange. Does it make sen...
Julia Vang Hart
Flip or Flop - Flipping Memphis
In the mail yesterday I received two tickets (invitations) to Tarek and Christina El Moussa's Flipping Memphis seminar. I was wondering if anyone at BP has been to their seminar? What will they be trying to sell me? A...
Eric Kotzman
Hello! Newbie from SoCal!
Hello everyone!My name is Eric, and I am slowly starting my education on real estate investing, starting with Brandon's book about rental properties. I've been listening to the podcasts non-stop at work and trying to ...
Mark Burns
First Property and House Hack
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $223,000
Cash invested: $17,000
This is my current primary residence that serves as a house hack. It is a SFR wit...
Swati Patel
Can I take partial depreciation?
Hi all! I had a question when I started doing taxes for my rental property for the year 2019. The unit was rented for the entire year. So here's the scenario.Total income from rental = $10,000Expense (including repair...
Hamilton Yu
Haven't been claiming depreciation
What can I do if I did not claim depreciation on some years of my rental property ownership?Is there ever any benefit to not claiming depreciation?If I plan to own a property very long term, would it be more beneficia...
Kristina Jensen
Does a gut-job ever trigger a Due On Sale clause?
Scenario:You buy an owner occupied property, then immediately start a full gut job renovation. Depending on permitting delays, labor/material shortage, COVID related delays, inspections, actual work conducted, etc., ...