George Rivera
Need some advice on estimating closing costs and entities
Looking for someone who has or is currently doing fix and flips in New Jersey to estimate closing costs and entity structure... spoke to a few lawyers but I feel they're just trying to sell me something I don't need. ...
Bruce D. Kowal
Can I rely upon my tax preparer to avoid IRS penalties?
IRS is not shy about disputing claims to Real Estate Professional status. It's an easy desk audit for IRS. They query Schedule E losses. And if IRS challenges your claim to be a Real Estate Professional they will s...
Mike Terry
Help with creative financing strategy for neighbors house
Hi BP community, I would like to request your help. I have an elderly neighbor that I have known for 15 years. She has recently been admitted to a memory care facility. Her home is free and clear and her sister wan...
Camden Towne
Any creative ideas of home financing - somewhere between tiny home and minimalist?
Hello,I am at the cusp of finishing a medical education program, with a significant income increase on the horizon. My wife and I will be education debt free after significant work and serendipity. That said, we are h...
Tim Porsche
Tax Deductions for Temporarily Owner Occupied Duplex Unit
Hi everyone, I have a quick tax question I'm looking for some guidance on regarding a duplex. The top unit is rented, and I am currently moving into the bottom unit. I plan to do a few upgrades (mostly cosmetic) to th...
Theo Z.
Options for Selling Rental Home to the Tenant?
I've
been renting my prior residence to a family. My primary residence
exclusion benefit (savings on capital gains taxes) is set to expire at
the end of August. I want to sell the property but the tenants are a ...
Jada Joseph
College Degrees & Real Estate
Just a very opinionated subject I'd like to touch on.. I definitely understand that college isn't for everyone but do you feel a college degree is needed and/or helpful/beneficial when you're in real estate?For those ...
Santosh P.
homemade ROI calculator from Newbie - PLEASE REVIEW!
Hello Friends, I wanted to find out ROI on my investment and I have come up with basic calculator. I wanted someone to review my personalized calculator and suggest any edits.Monthly rent (and other additional perks...
Julio Gonzalez
A Post to Understanding IR-2023-193
In a recent post (linked here), I discussed the moratorium that was issued on Employee Retention Tax Credit (ERTC) claims. IR-2023-193 was recently issued as a follow up to include details on the new withdrawal proces...
Francisco Sobral
Looking for REI Friendly Agent in Urbana, IL! (and advice!)
Hello Bigger Pockets Community!I've started looking at properties near my alma matter, UIUC (Go Illini!) and have a found a couple of places that have caught my eye. I have enough cash saved up where I can afford the ...