Hello fellow investors,I'm currently house hacking, renting out my basement (around 740 sqft). Can I claim depreciation on this property since it is my primary residence? I bought this house in August 2022, only live ...

I just bought my first investment property in my name (all cash) in the Detroit Michigan area. Before I file the home transfer affidavit and submit the shorter rental application with the city and setup utilities, sho...

I have my attorneys looking into this now, but could use some of your collective insight and advice on this one. I've negotiated to buy a non performing 1st private mortgage. The lender has already obtained a final ju...

All the research I’ve done through Bigger Pockets, I cant seem to find a Hard Money lender to lend under $50,000.In my area (Illinois) there are properties selling between $5,000-$10,000. With an estimated Reno costs ...

Hi BP!I am a partner in a multi-member LLC, taxed as a partnership. Since I'm actively managing, I pay myself a management fee and 1099 myself at the end of the year. I like to show the income to season my tax returns...

I have a client looking to sell a multifamily property in CA. She is an out of state owner and resident of PA. When she sells she'll have to pay federal and CA taxes on the sale, but will she also have to pay PA taxes...

Many people wait until the end of the tax year to start their tax planning. However, there are a lot of benefits to planning and strategizing at the beginning of the tax year instead. Since 2023 has just begun, now is...

Hello BP!Just got my first duplex this year and starting to learn the game more. I was wondering ways how you guys save money on taxes? Do you do it yourself or hire a tax professional? I just watched a recent Bo call...

I currently own 4 duplexes and 1 sfh as a sole proprietor. I’m wondering what the tax implications are if any for adding all under an sCorp. Is it worth it?

Thank you,
Garrett

Hello BP,I am a beginner buy & hold investor and in the process of acquiring my first rental property in California. I am also planning on forming a business entity mainly for tax savings. My questions are: 1.  Is...