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11 February 2025 | 13 replies
Avoid basing it on uncontrollable factors like taxes or insurance.
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31 January 2025 | 27 replies
And of course we're in agreement on consulting a tax pro.
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10 February 2025 | 6 replies
My net number is rental income minus expenses(3 mortgages, paying power bill at all three houses, property tax, insurance, internet in two properties).
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31 January 2025 | 2 replies
Despite the equity We also want to take advantage of tax advantages we did stay in the property for 2 years !
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26 January 2025 | 2 replies
I didn’t see your location in your profile or your post, but assume at least 17% state/federal taxes leaves you with $10k/yr.
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29 January 2025 | 6 replies
After 20+ years in real estate partnerships, here's what actually puts you on the IRS radar (and what doesn't):REAL Red Flags That Matter:The Partner Complaint TriggerDisgruntled partner files Form 8082K-1 disputesPartnership disputes leading to tax filingsReal Impact: Instant IRS attentionSuspicious Loss ClaimsLosses exceeding investmentArtificial basis inflationSudden large losses without economic realityExample: $100K investment claiming $500K lossesRelated Party GamesCircular property flipsBelow-market transfersFamily partnership schemes without substanceWatch Out: IRC §267 and §707(b) violationsDebt Engineering Red FlagsBasis inflation schemesArtificial guarantee arrangementsPartner debt shifts near year-endCritical: IRC §752 compliance matters!
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29 January 2025 | 10 replies
Quote from @Fred Scott: Sunrise Capital Investors - Mobile Home Park Investment FundI've seen a few posts about them here but none of them actually talks about what the actual annual returns have been.They are advertising heavily for passive tax deductions which is fine but what are the actual returns over a period of (say) five or ten years?
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2 February 2025 | 7 replies
A lot of forum members are experts in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, buy and hold investing, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.There are some pretty nice discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, the Bigger Pockets blog features links to their fantastic podcast and many great articles: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.
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30 January 2025 | 10 replies
When I did my first house hack in Columbus I showed very low income on taxes.
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13 February 2025 | 3 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.