Karl Platzer
2018 Honolulu CPA recommendations
Hello Honolulu bigger pockets people,I'm in need of a good CPA on Oahu. Just as I'm expanding my real estate business my accountant is winding his accounting business down. He is amazing and he was referred by a frien...
Michael Batshon
1031 turning into a primary residence
Hi there,I currently own a 1 bedroom condo in the bay area and i am renting it out. The condo is worth about 820k and i want to sell it to buy a single family house about 20 miles away. I paid 560k for the condo in 20...
Justin Molzhon
Upcoming Opportunities in Detroit?
I heard a theory recently from a preparedness community that dead/dying cities such as Detroit are likely going to be revived and have manufacturing brought back to the U.S. due to current events. I'm sure we all know...
Raky Patel
Advice on sale needed ASAP
Hey all, I need advice regarding the sale of my rental. It is a former residence that is a cookie cutter town house. I am basically breaking even on. I owe $107k on it and market value is $157-160k. 1. Are transaction...
Jolene Adam
Losses and taxes
About 10 years ago, Friend A (on advice from his CPA) and an IRS rep both told me that I should strive to not have a loss on my rental property for more than three years, or no more than three out of ? years (not sure...
Jonathan Chavez
Tax advice | To 1031 exchange to not...
Hello, fellow bigger pocketers. I'm trying to weigh out my options on whether or not to do a 1031 exchange on the planned sale of a duplex I am about to list. I estimate that we will be on the hook for approx $100K in...
Steven Hamilton II
Ask your CPA...
Ask them when the last time they took a course in tax theory was. A CPA is not required to take any CE in taxation after they have their license... So please do your due diligence as well. I know some very good CPA ...
Ryan Haley
Purchase, Hold, and Sale of 4-Plex in Columbus, Ohio
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Columbus.
Purchase price: $125,000
Cash invested: $125,000
Sale price: $175,000
All-cash, out-of-state purchase of 4-u...
Dennis Tierney
Obamacare rent tax
For those of us who are passive investors 2013 brings new federal gross rent tax of 3.58%, thanks to Obmacare. It is one of the myriad of new taxes passed by the Social Democrats. How are other passive investors of th...
Christy Glenn
Pre-Foreclosures
Hello, all,
I have been watching some properties going into pre-foreclosure in my areas of interest. Some have a auction date set and some have already passed the auction date. They are just sitting there. Am I miss...