Eric Tom
Retirement vs. rental property down payment money allocation
Hello:Question:I wanted to ask for help and advice around money allocation. Should I put less in my 401k so that I have more money in my savings that I can use for a down payment on a rental property? Would like to he...
Michael Ashe
Starting out decisions without a ton of money
2nd time in the forum asking a "Get Started" question.My girlfriend and I (soon to be married) own our current home and are 3 years into our 30 year on a 3.75% rate. Between appreciation and our payments we have 50K-7...
Pandu Chimata
Depreciation and large taxable income
Hello everyone !I heard that we can/should claim depreciation (if available) on the rental/business properties every year. Obviously, this will help paying less or no taxes at that time.However, when you sell the hous...
Adam Beaumont
DIY taxes through TurboTax, or use a tax professional.
This is my first year owning a rental property. Therefore, this will be my first year doing taxes on the property. I only have the one property. What does everyone recommend on filing the taxes? Use a tax software...
Evan Manship
Property Tax Reductions
I have spoken with many investors about how they handle their property taxes and the overwhelming majority seem to appeal their annual assessment only when the value jumps a certain percentage (say 5-10%). There are a...
Tulan Kantesaria
Setting up Tax strategy for LLC
Hello everyoneI am in the Boston area and first time Investment property buyer . Our offer was just accepted and getting ready to get inspection started.So we have formed a LLC with the state and i wanted to get some ...
Dru Steeby
Deducting Capital Expenses and Maintenance
Hi BiggerPockets,I have a question about taxes that I can't seem to find the answer for on google. In my breakdown of my rental property I put away 5% for CapEx and 8% for maintenance. If I do not use this money in a ...
N/A N/A
Accelerated Depreciation? Anyone?
Hello all, my name is Andrew Bitler. I am a small real estate investor with big problems. I recently joined a bunch of forums because there is an important issue I need to investigate. I am utterly confused about a ce...
Hector Maldonado
Expenses And taxes
Ok, so I've been using the rental property calculator lately and reivaluating all my properties. I've also been using it to evaluate properties that Im thinking about purchasing. Because of this tool I've shied away ...
Julio Gonzalez
How to Save Money on Your Real Estate Property
There are multiple ways to put more money back in your pocket when it comes to real estate property. Here are my top 8 ways to save you money.
1. Energy Efficient Deductions (179D) – Your property may be eligi...