Account Closed
Newbie Hello
Hello everyone. My name is Mike and I'm from the Albuquerque, New Mexico area. My motivation is being able to eventually be able to generate a passive income which would replace that from my job. This is necessary ...
Bil Casimir
LLC
Hi Guys,I have been helping my flip homes through her self directed IRA. We are shifting our focus to duplexes and I recommended we setup a LLC for protection and tax benefits. How would this scenario worked if I am h...
Andrew B.
Receipt for Rent- Income Tax Question
Hi All,
I just have a fairly simple question. First off, landlording has been great for me so far in the year and a half that I have been doing it (knock on wood). The problem is I have not done my taxes for 2011 ( ...
Brandon Hanks
HELP NEEDED! Real Estate problem that needs fixing.
To all my BiggerPocket Investors and Professionals, I need feedback ASAP.(SCENARIO)I have owned a house for over 25 years as a primary residence and want to move and get a new house. I was thinking about renting it ou...
Nick Ferguson
Using Venmo to collect rent
Has anyone used Venmo to collect rent? If so, what was your experience?I'm currently using a bank that has a branch both where I live and where my property is (about 4 hours drive). I am thinking about switching all...
Account Closed
Thoughts on a previous dollar store for sale to then rent to a gym & salon in a semi-rural small community?
For geography, the property is ~20 miles NW of San Antonio, TX in a neighboring county. The recently-built dollar store lost the battle with then neighboring dollar store and the small grocery/hardware store. I hear t...
Terone Johnson
Bonus Depreciation on Rental Properties
Hi, for those here who own rental properties 1-4 unit residential, Are we able to use bonus depreciation when filing taxes on these assets? I was told that you are only able to depreciate These assets with their norma...
Donna Regev
Accelerated Depreciation - how to use it?
Accelerated Depreciation - can you use it on your taxes when you are an investor in a group purchase of a multifamily Apartment Complex? or an investment in a Senior Assisted Living Facility? What type of investments ...
Oliver Martin
Trying to get organized.
Hello everyone. I just got started in real estate investing about 3 years ago. I currently have two condos, one SFR rental and my primary home which is an SFR. Both SFRs have home insurance. I'm not sure yet if I shou...
Miller Josh
Receiving monthly payment on rental properties
I am going from 1 tenant to 6 in the next month. How do you receive payments? I am setting up a P.O. Box and will be sending an addressed return envelope with the tenants monthly bills. I do not have a place for peopl...