All Forum Posts by: Bill Bouillon

Those are all great suggestions! I think the "short term loophole" is probably a great way for tax benefits for my situation, just not sure if I'd be ready to commit to something more active like that. I keep seeing the Red Stick REIA group pop on here for all my Baton Rouge folks, definitely need to check that out.

Hello BiggerPockets!

I've been consuming as much content from BiggerPockets the past 6+ months to plan for an earlier retirement than I initially thought possible. I plan to ease my way into REI by renting out my current house (with those COVID-interest rates!) when I move into a new home hopefully within the next year or so. I'm curious what experiences people have had taking tax deductions as a non-professional REI. I plan on creating an LLC to put the property into. It's unclear to me how that would affect my W-2 income tax liability though. I recognize the simple answer is talk to a REI friendly CPA (which I plan to do), but I'm curious what others have deducted to less their own tax bill if they just acquire a couple LTRs over time.

I’m interested in getting into rental investing in the area. Any tips on a good Property Management Company in the area?