Fiancée and I will be first time home buyers in the near future. Her parents have proposed the idea of selling their house and using the money, combined with ours, to put towards a property for us. They would put up ...
I am in search of recommendations for a financial planner in the triangle area of NC who is versed in real estate. Currently looking to purchase a multi family with an FHA loan and hoping to convert an inherited IRA i...
Is it possible to change the depreciation write off amount for tax purposes on a rental property? I was advised to use a 40% land 60% structure ratio applied to the purchase to figure out my depreciation amount (which...
Hello BiggerPockets,I am a Realtor in California. I am about to recently close a transaction that will net me a five-figure check. Since Realtors are self-employed, I have been planning on creating an S-Corp to maxi...
Hi Everyone,
Posting from Manitoba, Canada. I'm looking at purchasing a smaller apartment complex and would be utilizing a private investment for the downpayment. Just looking to hear everyones feedback and thoughts ...
Hello everyone,I am an overseas investor and own 3 SFH in America.Currently, they are owned in my personal name.I know putting the properties in an LLC, even if it's solely used as a pass through entity, provides me w...
My wife and I work on the road and have roommates who occupied the residence for the entire year of 2022. I was informed that as long as we were not charging over the FMV rental rate it would not be taxed as income. A...
Hello Bigger Pockets Forum!
My husband is active duty military. We're both Florida residents and bought our single-family primary residence in 2021 in San Diego, CA with a VA loan. We're scheduled to move to Japan fo...
Hi BP,I recently purchased my first home and moved out of my parents house. I'm renting out two of the bedrooms and wanted to see if you all could help me determine if its beneficial to put the leases and check paymen...
There is an opportunity for a complete remodel to a commercial property with store front first floor and residential remaining floors. It is also located in an QOZ. I'm not familiar with the tax benefits, though I hav...