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26 January 2025 | 2 replies
Where to get the most recent and accurate data for things like:Unemployment dataPopulation growthJob diversity and top employers in the areaVacancy rates (eg huduser.org)Property taxes and jnsurance costsI saw bp pro and reventure and a bunch of other websites provide some of this data, but i wonder how accurate and recent it is.
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3 February 2025 | 4 replies
That leaves $400 to cover taxes, maintenance, vacancies, etc.Now, let's pretend ALL your expenses come to $2,600 and you have $400 left over.
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15 January 2025 | 144 replies
Not only were tax shelters stripped of their tax deferral capabilities, but they were stripped of it RETROACTIVE, allowing the IRS to recalculate tax shelter investors income going back 7 years.
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6 February 2025 | 2 replies
$60k profit pre-tax.
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9 February 2025 | 173 replies
During vacancy, I have to incur some costs, such as property tax, property management fees, insurance, and possibly property damages from break-ins.
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7 February 2025 | 9 replies
I am getting back into rentals after taking a break after my mom passed away.
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14 January 2025 | 1 reply
After sitting vacant for a while I'm entertaining the option of converting to residential units.
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8 February 2025 | 13 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
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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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26 January 2025 | 2 replies
STR seems to have better tax benefits (in the right market) but is it worth it at a distance ???