![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1341727/small_1695215679-avatar-artw8.jpg?twic=v1/output=image&v=2)
Does anyone have any experience using oil and gas tax deductions (Intangible Drilling Costs: 100% tax deductible during the first year and tangible Drilling Costs: 100% tax deductible) to reduce tax liability against ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2556077/small_1689611421-avatar-laras17.jpg?twic=v1/output=image&v=2)
My father passed and his trust became irrevocable. My 2 siblings and I now have separate trusts derived from Dads (we all get a K-1). I want to use some of my inherited funds to start doing some PML and EMD but I do...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/144720/small_1696387989-avatar-spitzercr.jpg?twic=v1/output=image&v=2)
I am working on a 5 year plan to move to the East coast and slowly unload property here in Illinois. I have spent the last couple years taking a lot of mini vacations and am highly intrigued by the Chattanooga area. W...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/313187/small_1621443543-avatar-billyrbell.jpg?twic=v1/output=image&v=2)
Hey BP Community!I am a brand new wholesaler from Phoenix, AZ. I sent out my first round of 525 Yellow letters to Absentee Owners a month ago and only got one call back. I have attached a picture of one of the letters...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1712533/small_1621514968-avatar-jasrajs.jpg?twic=v1/output=image&v=2)
Hi,As i’ve had a discussion with a lot of people about investing in California and most of them are saying that it’s difficult for a property to produce cash flow there and the market is Always very expensive there so...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1332882/small_1695227216-avatar-namal.jpg?twic=v1/output=image&v=2)
We have 2 W2s( Me+ Spouse).Have a primary residence SFH and 2 rentals.I have around $40K of rental income after all the deductions/depreciation.This time I used a CPA and I am a sure he tried his best to get all deduc...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2091354/small_1675906608-avatar-tylerd300.jpg?twic=v1/output=image&v=2)
Hi All,
I know this question probably comes up often, but I wanted to ask: if you're using QuickBooks to manage your rental properties, which plan are you using?
Currently, I'm managing 17 units using Google Sheets,...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3147308/small_1731954758-avatar-elishaj7.jpg?twic=v1/output=image&v=2)
Hi everyone! Just started my first W-2 job out of college and getting into real estate. Currently living in Los Angeles but I visited San Antonio for the first time in many years, and it definitely seems much more liv...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3179786/small_1738803702-avatar-krystall34.jpg?twic=v1/output=image&v=2)
Hi all! I'm new in the Biggerpockets forum and learning about REI. I want to ask about PA's multifamily (mainly duplex) scene in the Philadelphia and Pittsburgh areas.
Currently, I'm in my mid 20s and am starting a...
Today’s guest grew up poor, living in a cabin without power or running water. But now he controls millions of dollars in real estate, owns several companies, and leads one of the country’s top-producing sales teams.Ho...