Cindy Tang
Can Depreciation be adjusted if it's not limited in prior taxes?
I have 2 rental properties, Texas and Georgia. I sold one in GA in 2018 (which we purchased in 2007) and didn't do 1031 Exch. Now, the depreciation hit me back as gain when doing the tax report. However, I reviewed th...
Aviv Peretz
S corp as a general contractor & LLC as investor
Hello , I'm a general contractor in Los Angeles (S corp) and also own 3 properties in an investments company (LLC). My S corp make much more $ than the LLC. What I need to do in order to buy properties from the S corp...
Ryan Pubins
Seller Financing - International Seller
Hey Everyone, I know there are tons of posts regarding seller financing but I didn't see any that referenced FIRPTA (and yes I read the bigger pockets guide to seller financing). So heres my problem: I am in talks wit...
Ryan Manziel
First rental property
I just purchased my first property in guelph ontario. I am living in the basement and renting the upstairs. I am getting 1700 plus 75% of utilities and my mortgage is 2060. Is there any advantage to claiming the rent ...
Adam Witkop
New Member from San Francisco, originally from Rochester NY
Hi All,My name is Adam Witkop, and I'm brand new to real estate investing. I'm originally from Rochester NY, but currently live in San Francsico. I rent right now, but am thinking about buying in the Bay Area, or po...
Steven Baca
Owner Financing (Expert Advise Needed)
Hi BP Brothers & Sisters!I have a 2bd/2ba townhouse that my tenant moves out 8/15/23. I've been leasing for 5 years and thinking it time to sell. A townhome 2 houses down sold for $160k and I was shocked so I'm ...
William Coet
New York State Landlords Must Act!
Use the link below to contact the State Senators who are involved with this bill, including your local Senator. This has the potential to destroy small scale owners who also do all of the work themselves! It offers ...
Wes Brumit
CA vs TX
Im just curious. For everyone out in CA or even the NE (Boston, NY), how does a person 1. Get financing for a home. And 2. How are the lenders calculating what someone can afford?
I know the price of a home is depend...
Tamarra Banks
Assignment fees and IRS- self employed,2nd income???
How do u classify your assignment fees as income? do you have an llc or get checks written in your name? Ive already had a horrible experience with IRS after winning a vacations prize not knowing it would be added as ...
Grayson Gist
Why is DTI so hard to overcome?
Hey,Long story short is that I’m trying to buy a second Fourplex and lender’s are quick to say no. I currently own one SFR in Oklahoma, and one Fourplex in Kansas City that I owner occupy. My wife and I are trying to ...