Sara Vander Horn
NY Based Tax Accountant / Strategist Recommendations
I am in search of a NY based tax accountant / strategist to build a relationship with moving forward. I'm interested in kicking things off with my 2021 taxes and then moving into real estate strategy and future years ...
Carol Kotchek
1031 exchange what happens to the depreciation?
Hello All,I'm executing a 1031 exchange in September. I am realizing $300,000 from the sale ($100,000 profit). I'm planning on purchasing new property for around $270,000. That will leave me with $30,000 in "boot" wh...
Jovani E.
Co-op Condo for sale
Hello Everyone, I've been following BiggerPockets for a few years now. I live in Las Vegas and now that I am in a position to buy, I have been looking at properties on Zillow. Every day, for the last week, I have bee...
Daniel Dietz
How to write off "Home Office/Showroom" Addition?
Hello All, I know there is a lot of talk about "The Home Office Tax Write Off". This is similar but different ;-)I am planning on building an addition on my home that would be a great room on the main floor, and ALSO ...
Neil P.
Finishing Basement or Attic what brings more value?
I was wondering what brings more value to the house when the appraiser comes.Finishing the attic or finishing the basement?Also how much do the taxes go up or do they even go up when you finish the attic or basement?
Frank Rizzo
SD IRA Real Estate investment question | Prohibited transactions
I have a home building company and a real estate sales company. I would like to use a Self-directed IRA to purchase lots. My building company would build single family homes on the lots, and my real estate sales compa...
Julio Gonzalez
Top 9 Agriculture and Farming Tax Credits!
Agriculture is an industry that has many tax benefits available to those who invest or own/operate farms and ranches. Here are what I would consider to be 9 of the top tax credits available.
Cost Segregation Study:...
Jonathan Hallenborg
used a 1031 to buy a property...can I subdivide it before selling
I have a parcel with 2 buildings and a house. I want to divide the property and sell the house off. The value of the house will cover my basis. Is this legal?I have someone that wants to buy the buildings which I will...
Adam Craig
Appraising a commercial building - what will they ask for?
I learned from a previous BP question that the 6 unit office building I am buying will likely be appraised using NOI/Average cap rate for the area.
How does the appraiser verify my NOI? Are they just going to look at...
J Ochoa
Chicago investor needed
I’m new to Wholesaling/Flipping. I’m not sure how I can go about purchasing an 8 unit building. Seller financing is already there for the property, but need to come up with approx 90-100k for rehab/payback property ta...