Michael Plaks
Tax reform Q&A Thread 1 - Pass-through and 20% deduction
Colleagues and friends, The original GOP reform thread started by @Brandon Hall is well over 200 posts by now. This is one of the follow-up threads specifically for discussion of pass-through entities (Sch C / Sch E s...
Michael Plaks
Tax reform Q&A Thread 2 - Depreciation and Section 179
Colleagues and friends,The original GOP reform thread started by @Brandon Hall is well over 200 posts by now. This is one of the follow-up threads specifically for discussion of depreciation and Section 179 changes in...
Account Closed
East Franklinton Columbus - Buy and Hold
Hey BP,After hearing such optimistic projections and opinions on the up-and-coming East Franklinton, I decided to drive through it myself. If I am going to be honest, I am a bit disappointed with what I saw. I assume ...
Joel Bowen
Understanding how depreciation counts as negative income?
Hi guys, the following quote is from this BP article: https://www.biggerpockets.com/renewsblog/2014/10/2...Could somebody please help me understand this concept by giving a real life/hypothetical situation that makes ...
Matt Scholten
Update on Tax Reform - Sale of Personal Residence
Hi All, I was reading through the new proposed bill by the House Ways and Means committee on tax reform. There was an important change to the exclusion on the sale of a personal residence proposed that would affect pe...
Jacob Bset
Re-Forming an LLC from Ecommerce to REI
Hello, I'm new to the REI world but I have an LLC in my name, however it's not structured properly for me to begin doing business in real estate investing. For starters, I am only learning Wholesale strategies to beg...
Michael Faurest
Coverdell ESAs phasing out with new tax reform
Hello,I went to open up two Coverdell ESA accounts for my children and was informed that these are being phased out with the new tax law. For most people, this is an insignificant change because 529 plans are being e...
Yonah Weiss
Property depreciation in the proposed Trump tax reform
Can anyone shed light on how the proposed Trump tax reform would affect property depreciation. Could this tax reform retroactively take away the tax benefits for 2017?
Lynn McGeein
Flood Insurance Reform Act -- will it affect you?
I'm trying to find out if the one property I have that is required to have flood insurance will see huge rate increases soon or not. Not exactly sure how to find out, but it looks like they are re-assessing the ma...
Robert Murphy
Flood Insurance Reform 2018 - Will the NFIP Lapse?
People with Bigger pockets that have active deals going and are buying in a flood zone that requires the purchase of flood insurance.In the unlikely event that the NFIP does lapse, you should be aware how it will affe...