Jeff Mitchell
Deprecation never taken and can't claim rental losses
Hello,
I am asking this question for a co-worker. He bought a rental property 15 years ago and has never taken depreciation on that property. Not clear on the reason for not taking it, I think he just had a bad accou...
Hope Louisse Montenegro
Should I continue to sell or refinance to lower monthly & rent
Hi everyone, I currently own a Condo in downtown Chicago and have been trying to sell it with no success. I listed at 370k without parking (35k) in February as suggested by my realtor and have since lowered it to 325k...
Tony Zhang
what to do if the house doesn't sell?
Hello BP,
I have a duplex for sale in St. Louis, MO which both units are vacant and can rent around a total of $2000/month, but it's ready to move in or rent. While there are no big problems with the hardware in the...
Amos Smith
Price Reduction From Vacant Lot Loss (Advice Please)
I'm in the process of acquiring a 100 space park, the park has 60% occupancy. Purely based on the park income, the NOI @7.5 cap show a valuation of $1.0M, because of the land, POH and pads for expansion I offered $1....
Jazmin Winsor
Purchased first home, house hacked and needing tax advice
Hi bigger pockets community! My partner and I just purchased a house in Feb and are renting out the majority of the home. We were fortunate to get the ball rolling fairly quickly and only have to fork out 1.5 months o...
Andrea Long
Should I take out my Equity?
I am new to owning rental property. We lived in our house for 7 years and weren't having much luck selling it so we decided to try and rent it out. We had an overwhelming amount of people interested and picked what we...
Mikey Liu
Cost segregation and how to keep rental losses in future years
Hi all - I understand the benefits of cost segregation in year 1 and how you can front load the depreciation of the unit. However, in future years, isn't the depreciation much less? If so, then how can one still maint...
Sam Dal
First time home-buyer (owner occupied 2 family)
Guys
I really need some advice here. In fact, if you have some time to chat over the phone, please PM me and I'll send you my number
I'm a first time home buyer and hoping for a future in real estate. I currently re...
Eran Greenburg
Net Operating Income vs
I was looking at American Homes 4 Rent financial statements, and I see that for example in Dec 2014 the NOI shows $ 232,319* yet on their Consolidated Statements of Operations it shows "Net Loss" = $ (33,092)"Are they...
Rick S.
Gross Income Thresholds to claim real estate deductions / losses
My wife and I are new to the forum and to real estate investing. We are fortunate to have joint income in the $350k range combined.
We have read a lot of various articles and such but have a BIG question...
Based ...