Jeron Crooks
Filing a 1099 on an Willing Contractor
Hi BP,Though this is my first post, I’ve been following the BiggerPockets podcast and blogs since I moved to DC 3 years ago — it has really been inspirational and life changing for me. The power of the voices on this...
Giedrius C.
Lending for flips and dealer status with irs
After paid consultations with high profile CPA's who specializes in real estate I have contradicting answers to my question, I wonder what bigger pockets folks think about it.Question is will irs assign dealer status ...
Glenn Kopensky
Commercial loan on residential properties FNMA limit
I have 8 mortgages. One of the mortgages is a commercial loan (blanket mortgage) on 14 properties. All properties are residential. That means there are 21 properties mortgaged with 8 mortgages. This includes my primar...
Jason Merchey
Assessing a Neighborhood
I am trying to invest in a rental property. We would like it to cash flow at a certain rate, stand a decent chance of appreciation, be in a good location, be a good value, and so on.
We put a contract in on one last ...
Thomas C.
Active Participation - Anyone have audit experience with this?
I've seen people in the BP forums with differing opinions on the topic (shocker!). Some say as soon as you get a Property Manager you are passive no matter what. Others quote the readily available Internet information...
Rob Pene
Does a Website guarantee you Leads?
I see this a lot in the various businesses that I work with, especially with many of the real estate investors and realtor just getting in to the industry, once their website is up the general thought is that the l...
Marc Shin
What is the minimum size washing machine for an STR?
What is the minimum size requirement for a washing machine for an STR? 4.5 cu or 5.0 cu?
Account Closed
I disagree with my accountant on interpretation of the de minimis
I dove into the IRS code today, and I think I have an airtight argument that the de minimis rule applies not only to personal property like refrigerators and computers, but also to materials and supplies used in impro...
Katie Stroman
How do lenders differentiate between multi family and single fam
Looking to buy my first property and will have my parents as non-occupying co-signers (I will be occupying the home though). Looking at the Home Ready program through Fannie Mae. I understand when having non-occupying...
Tina Rubin
RI Flood areas - any locals know if its a big factor on resale?
I'm wondering the true risk on resale of a RI home in a severe flood warning area (7/10 according to Redfin)? The insurance is roughly $120/month. Is there anything else I should be considering?