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Results (10,000+)
Aaron Van Curen Should I 1099 myself if I am my own property manager?
22 February 2018 | 9 replies
It is important to keep a separate bank account for the LLC for legal purposes, but for tax purposes , taking money out is just considered a distribution to the shareholder (you).I agree with Natalie- if you don't need the money, I just wouldn't charge your rental property a management fee.If you do need the money, as long as your distribution does not decrease your basis below 0, then it shouldn't be taxable.
Kyle Eckert $20m development in Dogtown
27 March 2018 | 5 replies
The risk though is that influx of inventory could decrease demand in the area if there is no influx of people wanting to live there.Neighborhood wise, I think it could help bring money into the city with all the retail space but as far as population makeup I think that's definitely a preference.
Jim Cummings Houston Market Update
20 February 2018 | 0 replies
The average price declined 2.1 percent to $270,303.The HAR sales report indicated a decrease in upper-end sales.Check out the the Center's fourth quarter 2017 housing report for Houston-The Woodlands-Sugar Land for more data. 
Jeremy Lee Parents want to gift their portion of co-owned property?
20 February 2018 | 3 replies
In a sense, we would be accepting the risk of this place potentially decreasing in value as much as it could appreciate (e.g. if there's an earthquake or other major damage, etc).
Harsh Patel 2018 Cash Flow Markets for Properties
29 August 2018 | 40 replies
If your only quest is to get a bigger cash flow, simply decrease the leverage (put more money into the deal) and you will have more cashflow. 
Brian Anderson Elderly tenant application
21 February 2018 | 5 replies
I would use a direct deposit to decrease your risk using a form from the bank.
Account Closed Novice - Flip First Home/Primary Residence, or Buy side property?
4 April 2018 | 13 replies
Kid w/in 2-3 years of future.I worry that by not wanting to be in the "thick" of Syracuse, and not going for rental properties, the probability of success is decreased 33.3%.I am trying to be vague on our specifics so hopefully other uses may see the mindset.Thank you,
Sandra PIrtle Year end filling for SDRA
26 February 2018 | 4 replies
This will allow theIRS to obtain the FMV of your account and see if there is an increase or decrease in your IRA value at the end of 2017."
Kapil Patel Pull out appreciation to break even and/or buy 2nd property
7 March 2018 | 11 replies
Yes, your relative cash flow may decrease some by virtue of being responsible for a bigger loan amount, but you can use leverage to own more property for the same price.
Chet Hileman When filing your returns
28 February 2018 | 1 reply
You may be able to withstand a loss on 1 or 2 properties, but after you collect several and you're losing several thousand a year on each property, that immediately decreases your overall income making it harder and harder to qualify for a loan.