Gary Liu
House Hack in Los Angeles or Rent and Invest Out of State
Hi everyone, first time poster here, but wanted to see what you guys think.My background: living in Los Angeles practicing as a new dentist. I have ~50k saved up and want to put it in real estate.How would you start ...
Adam Creighton
Ignorant Question on Future Appraisal/Valuation of House
Hey Everyone,I recently purchased my first house in the South Shore area and am going to be doing a lot of the work myself. My first project is a small bathroom remodel, followed by another smaller bathroom remodel, a...
Jeff Hobbs
Cost Segregation & the TCJA 2017
Almost all taxpayers are impacted in some way by the new tax law introduced as the Tax Cuts and Jobs Act of 2017 (TCJA). Individuals, LLCs, LLPs, LPs, and corporate entities alike now seek to identify key and relevant...
Shaheen Pirouz
House hack questions
I have a house hack that’s a main house with two guest houses. I’m living in one of the guest units and renting out the other two. My question is how do homestead exemptions, tax deductions for repairs, and depreciat...
Jason Martinez
Analyzing First Rental Property
Hi everyone, I have been trying to analyze deals on my own and I am asking if you guys and girls can help me with my numbers. Purchase Price: $25,000 (without negotiating) Repairs: $4,000 Closing Costs: $3,000 (this m...
Jeremy McVicar
Some Questions for a Newbie
Greetings,My name is Jeremy. My wife and I love the Bigger Pockets forums and have enjoyed three of Brandon Turner’s books – although we are not finished just yet. I am excited about property investing and am in the e...
Elliot Freeman
Tax Avoidance on Duplex
I own a duplex in California in which I live in the top unit and rent the bottom unit to a tenant. The property is valued at about $1,000,000. The property tax is about $15,000 annually. To date, I have attributed hal...
Jeremy Zindel
Deduct charitable contributions on a Schedule E (or C)?
First off, I know this is a very specific question to my circumstances and I already have an appointment with a CPA to ask this and many other questions but I wanted to get a feel from anyone in the BP community who m...
Josh Cohen
Running numbers and the unknown
Regarding "running numbers" on a property.... I'm new at this so bare with me.....
I want to run numbers on numerous properties before pulling the trigger, as an exercise, so I am better prepared when I am ready. Unf...
Jessie Staples
First rental property
Hello everyone!!!
Looking for advice on first property,
Currently looking at 2 different types of properties, one is a duplex in a small town, where properties don't go up much in value but has good cash flow, the ...