April White
CPA vs DO IT YOURSELF
Hello Everyone,I just recently started a business this year to do LTR, and started fixing up a little house in the back of the property as well but ran into plumbing and electrical issues that cost more than expected ...
Jason Krasavage
Chicago Rentals - 2021 Property Tax Hike, Passing onto Tenants?
Curious about everyone's thoughts on this. 2020 was a weird year for so many reasons, but one result of the pandemic here in Chicago was a temporary decrease in Assessed Value of properties for the 2020 fiscal year. O...
Brad Rondeau
Depreciation Recapture Questions
I bought a condo in Laguna Niguel CA in December 2009 (7+years ago). I lived there one year then bought a bigger home with my new wife. I continued to own and rent the condo. Cash flow in coastal CA is very hard to...
Jordan Hamilton
Saved down payment - loan not approved
Hi everyone,I have spent the last 6 months saving about 60% of my income so I could finally move forward with my first multifamily property. I saved 30k and plan on using FHA loan to house hack one of the 4 units (loo...
Kylie A.
What Are You Choosing For Liquidity
To all the millionaires out there, where do you think is the best place to put your money to let it grow while still being able to pull it out when needed? Personally, I prefer being able to access my money without pe...
Mindy Jensen
The Book on Tax Strategies is NOW AVAILABLE in Print!!!
You wanted it... Now it's here! BiggerPockets Publishing is pleased to announce that The Book on Tax Strategies for the Savvy Real Estate Investor is now available in paperback!And for a limited time only, you will ge...
Derrick Camber
W2 Server with a 401(k) transitioning...
Hi Everyone,I was reading Amanda Han's great tax strategy book and was thinking along the lines of the Solo 401(k) to put my money to get a tax deduction and use to fund deals. I am currently a W2 Wage Earner in So C...
Andrew Coulton
Cost seg downstream challenges
Hi all,In 2022 we completed a large cost seg study on our rental portfolio. We qualified for real estate professional status since my wife doesn't have a W2 and is hands on with our rentals. A very attractive tax savi...
Thomas O'Donnell
Setting up a Checking/Savings Account for Rental
I am looking to set up an account at a bank different than my personal one for rental property expenses/income and savings. However most places are saying I need an LLC In order to use the accounts for a rental proper...
James Walker
Looking for lender recommendation in Texas
I have a house under contract, renter ready to move in and my lender is getting squirrelly on me and asking me to make changes to my tax return that I’m not super comfortable with and they are charging $6k in originat...