My first rehab is set to close in less than 3 weeks.. I rehabbed the house and all repairs and costs were done in 2012. My question is for my taxes, do I need to do anything with my remodel receipts or anything for 20...
Hey guys,
I am looking to buy my first rental property within the next year. I've been researching quite a bit the past few months to learn about the different factors involved when evaluating properties. I came acro...
First, I would like to apologize. I have been a member for a while now and have listened to all of the podcast but I am terrible at networking and reaching out. (I'll work on it). I am looking at an 18 unit apartme...
Hi Bigger Pockets Community,
New member here...Im looking for some advice on whether I should be classified as a REPS or not for 2023 Tax year as my CPA isnt much help on determining if I should make this designation...
i have a question for foreclosure experts, lawyers and just about anyone who may know. i have been watching a house in my area for about 3 years now. the start of the foreclosure is dated 4/19/13, by US bank national ...
I am a passive real estate investor (no full time job) and own a few rental properties tru my LLCs. I just noticed that I pay Self Employment Tax on the total amount of net income? My return is prepared by my CPA. Is ...
I am starting to really research the Montgomery, Alabama market in hopes of purchasing this upcoming Fall/Winter. In my analysis, I think I have a good idea of what the A and D areas are. Where I am struggling is iden...
Hey BP! Got yet another obstacle, a subject worthy of discussion! I've made an investment in Menifee, CA. A single family long term hold in the hopes of this city growing with amazing returns in terms of appreciation(...
Hello BP Folks! A month ago I closed on my first rental property and I am already feeling the pains of working with a lackluster Property Management company.I purchased a new construction SFH in Northern Dallas throug...
Quick question to the Bigger Pockets community!
Hypothetical situation. A house is on the market for $100,000. After $25,000 in repairs, it is now worth $150,000-$175000. What accounts for the difference. Why doesn't ...