Ogonna Odo
Paying Contractors with a Credit Card
18 January 2025 | 8 replies
An other advantage of paying with credit card may be that you will not have to send the provider a 1098 tax form (only an issue if the total yearly amount is over $800).
Anthony Poulin
Starting a Long Term REI Business Starts Today! Lets go!!
22 January 2025 | 8 replies
This is the BEST $100 you will ever spend, and if you listen to Amanda Han's tax book, you'll know it's also likely a business expense for you to write off :) https://biggerpockets.supercast.com/My perfect way to learn from the BP books is to listen to the audio book through the subscription above, then books that really stand out to me I go old school and get the physical copy so that I can re-read it, take notes in the margins, and put post it notes so key points are easier for me to re-reference in the future.
Anita Z.
Real Estate Investor Tax write-offs
10 January 2025 | 16 replies
@Anita Z.I recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.
Tyler Edens
House Hacking Budgeting
20 January 2025 | 4 replies
Here are the key numbers:Potential purchase price: Mid-$400k rangeAppraised value: Estimated at ~$500kRehabbed comparable properties (comps): ~$580-600kMonthly PITI (with 5% down, including mortgage insurance): ~$3400First-year PITI (with 2-1 buydown): ~$2900Monthly income (after taxes): ~4-5kLiving expenses (utilities, groceries, etc.): ~$1600Savings available: ~15-20% of the purchase priceCash to close: ~$34kRehab estimate: ~$34kRemaining reserves: ~$20-25kTo fully fund the rehab, I’d need to come up with an additional ~$15k in the short term, which I anticipate paying back quickly once the rental portion is generating income.
Max Schilling
Cash For Keys In Foreclosure Sale Property
3 February 2025 | 3 replies
Give them a couple of options, they already know the unit got foreclosed, most people move to avoid the hassle.
Joe Kim
How to speak to owners/landlords for rental arbitrage
27 January 2025 | 7 replies
So how do I avoid talking about airbnb.
Jed Butikofer
No more mortgage payment, but not yet FI/RE: How should I utilize these funds in REI?
20 January 2025 | 37 replies
If not, what are property tax sales?
LaTonya Clark
Lender- 40 year loans
20 January 2025 | 31 replies
That's my biggest concern.But I should also look at the tax and long term benefits.
Josh Otero
What’s the hardest part of being a property owner?
18 January 2025 | 18 replies
Then there’s this glorious tax season where you realize how many things you get to deduct that others can’t, while sheltering your income with depreciation, and earning tax free income with appreciation.
Nicholas Jackson
Prequalify possible applicants for my rental RentRedi
1 February 2025 | 3 replies
If you are having a lot of interest and you are trying to avoid multiple showings that take up too much of your time.