Tanya Braun
Newbie from Vancouver Canada
Hello!
I'm very excited to be part of this community and want to learn all I can about real estate investing but am feeling like I'm over my head in this Vancouver market. I'm wondering where people start when their ...
Deanna Luna
House Hack - renting out a room short term or mid term
Hello everyone. I need to reduce my mortgage costs! It's my largest monthly cost. I don't have any other costs I can reduce. I am looking into converting or building a new mini ADU from where my current detached 1...
Matt Mach
Sales Tax exemption on flips?
Ok, I've gotten one flip under my belt. We closed in 2017, I've already talked to a CPA regarding taxes and he suggested I roll the income and expenses into the same tax year. I've been reading quite a bit about how I...
John Oliver
LLC for business & interest deduction + residence?
I have some questions regarding the purchase of a personal residence, potentially via an LLC (state of CA). The following describes the scenario and goals (which are somewhat unique). The names and amounts are fiction...
Adolfo D.
Thoughts on using name for LLC.
Hello BP community! What are your thoughts on using your own name, or nicknames in your LLC company name? I've heard mixed responses.
Lawrence Porter
Cost Segregation a powerful income tax strategy for commercial RE
Under current tax law, your building is set to depreciate over 27.5 or 39 years. But many assets like lighting, carpeting and cabinetry depreciate much faster than that.
Which means you shouldn’t have to wait all t...
Rafael Canedo
New member from not actually Scottsdale
Hello to all! My name is Rafael and I just joined BP. You may be wondering why I put not actually from Scottsdale in the title, let me explain; I am actually from Puebla, Mexico. I lived in Scottsdale from 2009 to 201...
Account Closed
It's Coming - Will It Help or Hurt Your Market? - Housing Crash
The Bubble is Building or Has Already Built United States S&P Case-Shiller Home Price Index Notes The S&P CoreLogic Case-Shiller 20-City Composite Home Price Index measures changes in residential house pric...
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...