Shawn H.
Section 179 Vehicle Depreciation
If I purchase a 'used' truck (6000#+ GVWR, extended cab, short bed) this year, can I deduct the entire purchase amount on this years taxes? Purchase cost will be less than $25,000. The vehicle will be used 75-100% fo...
Zach Adams
House Hacking - Can only deduct rented bedroom square footage?
Hi All, I have a house hack which is a duplex. I rent out the lower unit and for the upper unit, I rent 1 of 2 bedrooms. I was told that I could only depreciate 8.6% (square footage percent of the upper unit) and only...
Benjamin Sol Ignacio
W2 --> 1099 : Real Estate Professional - Tax Status - Does it make sense?
Good Morning!I currently work in Land Development as a W2 employee making $200k+ a year. I had spoken with my previous CPA about possibly becoming a 1099 for my current employer to achieve Real Estate Professional sta...
Jeff P
Trustee sale was last week, where do I go NOW?????!!!!!!
Hello Everyone!!!
Here's what's going on... My wife and I are in love with the house down the street from where we live(rent). It happens to be in foreclosure and we want it! I just attended the Los Angeles area T...
Jeff Flaherty
Tax Lien Foreclosure
I understand 95-99% of the time tax liens don't end up in foreclosure but in the event it did would the certificate purchaser be responsible for the mortgage on the property? I'm assuming so since it seems silly that ...
Taran Rey
Mini-splits or Furnace?
I'm in the process of renovating my 2family in Western MA. Any advice on what heating solution to go with: mini-split or furnaces? Current heating is a single furnace and is a total loss since exhaust and distribution...
Joshua Thibeaux
Are the three day seminars worth it?
I recently attended a free two hour class, which I then signed up for a three day seminar, during the class (cost me $200). The seminar is to teach you about all the avenues of real estate. I signed up in hopes to get...
Sam Valme
New Face in the DMV!
Hello BP Members!I feel like I've finally found a (metaphorical) home! But before I get into all that I'll start with a quick intro. ;)My name Sam Valme (pronounced "val"-"may", Haitian decent). I am a software engine...
Steven Morales
Wholesaler from Tampa, Florida
Hi everyone, my name is Steven Morales, I'm 25 years old from Tampa, FL. I'm currently working as a loss consultant for a Roofing company and work on my REI on nights and weekends. I also plan on getting my RE license...
James Holmes
Introduction - New Investor
Hello Everyone,My name is JT Holmes. I am currently an active duty Marine stationed at Camp Pendleton, living out in Oceanside, CA. Originally from San Marcos, TX I have been loving the Cali weather. Back in January I...