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29 January 2025 | 12 replies
I might sell some units as well.
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5 February 2025 | 5 replies
And yes, the income from renting is still taxable, but ideally you are offsetting a chunk of that with depreciation which is a non-cash expense.You should read Amanda Han and Matt MacFarland's books as well which are available in the BP Bookstore. https://store.biggerpockets.com/products/tax-strategies-book...
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30 January 2025 | 11 replies
We have sold (tax free), kept as long term and/or short term rentals as well.
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19 January 2025 | 42 replies
Dave NA ,Non LLC and non corporation husband-wife holders of rental properties do not have to file a partnership return; They can file Schedule E.The problems comes if it is held by an LLC(Two-member) in a non-community property state.For the management activities I would still recommend using an S-election or C-corp if applicable.
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2 February 2025 | 10 replies
So you can see why mentioning that solar benefits from tax credits without including the fact that every other form of energy does as well comes across as remiss to anyone who knows a little bit about energy.
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9 January 2025 | 46 replies
Everyone I spoke with was knowledgeable and pleasant.
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3 January 2025 | 8 replies
Our end goal is to be in a position where we can be very selective and choose the clients and properties we work with so that doesn't happen.
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11 February 2025 | 5 replies
So I am assuming you were the lender on these properties and they did not manage them well and they went into foreclosure.
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29 January 2025 | 18 replies
Not to say you cannot do well, but it’ll take some extra TLC.