Stefan Hirniak
Active VS Passive and Cost Segregation
Hi BP!Happy Friday.I’ve got a 2 part question for the forum:1) Can I take bonus depreciation through a cost seg study if I’m not classified as an active investor? Doing a mid term rental in Texas with solar and was h...
Janani Kalpathi
Preference in Tenant Professions
In your experience as a landlord, is there a particular profession that stands out among all your tenants as commonly occurring? Has a particular profession (ex: nurses) resulted in prompt payments and less vacancy ra...
John Schwab
Vehicle Accident Insurance Claim
A SFH that I rent out was damaged by a vehicular accident. The driver lost control and drove through the front door of the house. Fortunately nobody was hurt and the driver is insured. The tenant is still able to liv...
Andrew M.
Maximize tax savings with investment property
Hi all,I'm purchasing an investment property next month (December) (2 units). I want to maximize my tax savings when I file my taxes next April, so I was wondering what I should do til the end of 2022 to maximize my t...
Eric Williams
W-2 Income and Depreciation Offset - HIGHLY UNLIKELY
It makes sense to want depreciation to offset ordinary income.
Here's the kicker:You need to establish that you are real estate professional. Then you establish material participation.There are two tests to a real es...
Naeem Barbour
Best option available
Hey Guys,For about 2 years it seems like I've been battling to get off of my forbearance plan with my bank. I've had the money from my tenants to pay for the mortgage but the bank has my online portal shut down and wh...
Jasmine Wilkes
federal taxes
I just started my llc October of this year through the state of texas. if I don't receive any funds this year or do a deal this year do I have to file taxes? ive spent money on starting the company and filing and mark...
Tyler Parker
California Withholdings tax on real-estate.
I am looking for some advice. I am currently selling my primary residence that I have not lived in for a full year yet. The Escrow company says that it doesn’t qualify as my primary residence because I have not lived ...
Marcello Di Gerlando
50% rule to quickly evaluate operating expense
I ‘m looking to dive into the multifamily market, I’ve been doing my home-work and I’m working with a realtor…I have lots of questions. Here is my first.
If I am using the 50% rule to quickly evaluate operating expens...
Gavin Dowdy
Moving into a house hack, in another state...
Hey there Bigger Pockets community, first post here!I recently got a job offer in another state and I'm trying to weigh all the pros and cons to see if that's something I should pursue, or if I'm missing something or ...