Matthew Kauk
Short Term Rental Loophole
27 October 2024 | 8 replies
W-2, 1099, etc.) with passive income/loss from rentals is to meet the IRS requirements for Real Estate Professional Status or REPS (this also requires material participation in addition to specific requirements to be considered a REPS).Once you have clarity on whether or not you can offset non-passive income with rental losses you can then explore cost seg to accelerate depreciation (and some of the accelerated depreciation from cost seg will impact year 1)...
Julio Gonzalez
How AI is Impacting Real Estate Investors
22 October 2024 | 7 replies
Artificial Intelligence (AI) has been changing the world as we know it and the real estate industry is no exception. As a real estate investor, I’m sure you are wondering how you can utilize AI in your portfolio and o...
Oren Kachel
multi family mentorship
25 October 2024 | 4 replies
I strongly despise when costs of mentorship start to impact the mentee's already limited ability to put a down payment on a property.
Louis Haase
Industrial Development Impact on Surrounding Rental Market
19 October 2024 | 1 reply
Howerver, I have resrvations about how this will impact the community's living standards as the development will immediately border some neighborhoods and could bring unwanted environmental impacts and noise.
Abel Eskinder
Hello Everyone reading this, I'm New to biggerpockets and here to learn and grow!
27 October 2024 | 15 replies
@Abel Eskinder since you're out of the country, you'll probably want to give some thought to our copy & paste info below:-------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
Tasha Smith
Raising Rent - Different monthly rates for inherited duplex tenants
25 October 2024 | 10 replies
I believe they likely will talk, they share a back deck and am concerned the different rates may negatively impact the relationship if that scenario played out.
Matthew Drouin
The FED Just Hit The Panic Button
28 October 2024 | 15 replies
Home sales have reached their lowest point since 2010, driven not solely by high interest rates and low inventory but by shifts in household incomes and confidence.As fewer people search for homes, this altered sentiment trickles up, impacting business and investor confidence.
Greg Johnson
Should I Hire An Attorney For Debt Settlement?
25 October 2024 | 4 replies
Just be ready for it to impact your credit in the short term – but, honestly, the relief of not being buried in debt was worth it.
Jonathan Greene
Constructive Criticism Will Help You as a New Investor More Than Blind Faith
8 November 2024 | 53 replies
You like to use keywords to try to have more of an impact but your methods are very see-through.
Josh Cochran
Western Wealth Capital: What do you know about them?
31 October 2024 | 37 replies
Financial Services Fee - I've never seen this, and this can have a big impact on your returns.