I am looking to purchase a 3 unit property and live in it and rent out the other floors. If I end up moving out and just use it as a investment property, am I able to file for LLC? Can I file for it while I am living ...
So there is this property I would like to buy that has been sitting for a while and looked like a dump. I am a cash buyer and when I say I'm going to buy a property, I buy it. This is exactly what a wholesaler wants....
Hello again BP family,I know this is a repeatedly asked question on the forum but time passes and situation changes so I thought to ask again.
I am starting my real estate investing journey in Indianapolis as an ou...
Hey everyone, I have a few rental properties and looking to add more to my portfolio. They are all owned personally and not under an LLC. I understand most of the pros/cons of having an LLC own my properties. Such as ...
I'm a newcomer here in NJ, but have been lurking for a couple of months. I have recently read every rental property related book I could get from my local library, and have been listening to as many podcasts as I can ...
Hello BP Community,
My name is Brandon Edwards. My wife, Kristin, and I are aspiring real estate investors with a goal to become official rental property owners in 2018. We’d like to build a real estate portfolio lar...
My wife and I are trying to buy her father's house, move in and he would continue to live in the house and pay us rent. First issue is he is now divorced and ex-wife is still on the title and is entitled to half of t...
Let's say you do a cost segregation study on a short term rental and with bonus depreciation you have a loss of $100,000. Does that roll over as a credit for future income or do the IRS actually send you a check?
Hi All, I'm not sure if this is the right place to ask or not, but if anyone could shed any light on an issue I'm having while doing my tax returns for 2017 I'd greatly appreciate it. So the issue is, I have a duplex ...
This is the first year my prior home became a rental and I understand that depreciation is only for the value of the home. I looked up the tax assessment and the total is less than half of what I paid when I bought i...