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9 January 2025 | 28 replies
With kids and self-employment you need bigger reserves than others.
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27 December 2024 | 27 replies
Torrean Welcome to Bigger Pockets and I wish you all the best in your investing journey!!
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24 December 2024 | 24 replies
., funding, management, deal sourcing) based on strengths.Bylaws to Include: Cover profit/loss splits, decision-making processes, buyout clauses, and what happens if the partnership ends.
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20 December 2024 | 0 replies
There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.
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27 December 2024 | 8 replies
A tip would be knowing The number of doors you qualify for from a lender, And then looking at financial statements from places a little smaller and a little bigger.
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25 December 2024 | 1 reply
@Joseph Augustus Welcome to Bigger Pockets and I wish you the best in investing journey, one of the ways is to use Facebook Groups but you need to vet very cautiously .
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19 December 2024 | 5 replies
The title Co is at a loss, has anyone ever done this and how did they purchase the property?
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20 December 2024 | 18 replies
Listing after 2-3 months would also mean loss of rent, whereas listing now may mean property may be on the market for a bit longer.What have others experienced?
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30 December 2024 | 89 replies
Even though ALOT and I mean ALOT of people on bigger pockets or friends and family have told me airnbnb arbitrage wouldn't work out I have been pretty successful even though I was pretty much self learnt without any form of joining a course or anything like that.
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2 January 2025 | 32 replies
I am very disappointed that I am not longer able to perform tHe tasks I have been able to do unless I pay twice as much as paying before for their premium version, which is now from 13.99 to 23.99The price change seems unreasonable, so I will switch back to use the bigger pockets tools, which price is more reasonable.