Angello Campbell
Calling all Real Estate Calculators
Shout out to all my Bigger Pocket investors out there killing it. I was wondering if you can let me know whether this is a good deal or not. (5) unit multi-family building. All units 2beds 1 bath. Current rent is $895...
Tony C.
Filing a 1065 Partnership return Husband/Wife vs Schedule E
We (husband and wife filing jointly) are looking for a CPA. While interviewing CPAs to file our 2012 taxes we are trying to determine if we should file a partnership return or listed all of our properties on our ...
Victor Omoniyi
Can bonus depreciation be claimed the next year after an asset is placed in service?
If I purchased and placed a property in service in 2023 and I have no need for the bonus depreciation on my 2023 taxes, can I claim bonus depreciation on the property for 2024 taxes? If yes, what would I need to do?
Kyle Swengel
Bonus Depreciation and My CPA’s Advice
Hello BP,I have a fourplex in Tucson that I bought a couple years ago now. I’ve been renovating it and am almost done. I asked my CPA about bonus depreciation and doing a Cost Seg study on the property so I could get ...
Bill Ramsour
1031X minimum requirements
I'm trying to understand the exact requirements on a 1031, but keep getting confused. I know... "talk to a pro for my specific needs"... and i will before taking action, but I'd like to understand my options before p...
Bilal A.
Sale of Primary home being used as a rental
Hello BPers,I have a question about the sale of my primary home that has been rented for the last year. I lived in the home for 2 years and it was my primary home. Had to move out of state due to work. I was not able ...
Brian Henry
College Rental - Home for your child to live in w/roommates
Has anyone bought a home out of state for their child and roommates to live in? This is our 1st venture into a "rental property". We are putting our son on the loan as he will be the part-owner and occupying the pro...
Shafi Noss
Tax Questions: What are the Tax Benefits for Passive Investors?
Hi everyone, I've been trying to puzzle through the tax situation for passive investors and thought I'd ask you all for help.
It seems like the main incentives are depreciation and capital gains. An LP using depreci...
Reggie Rearden
Counting Rental income for new Mortgage
I have a question regarding mortgages for personal property. I just heard from our lender that we have plenty of income to cover the new mortgage we want BUT they can not make it work on paper. I work a W2 job, own a ...
Carson M.
Too young for Conventional?
Hey all-
I am 19 years old and looking to pick up 1-2 rental properties in 2014. I have owned a landscaping company for the past 3.5 years, and have grown it to net around 40k for 2013. However, I was unabl...