
19 April 2024 | 13 replies
This sounds like a good plan - sticking to the duplex or SFH for students is good too since most DSCR Lenders generally stay away from "student housing" but if you are looking to purchase a rental property that can easily be utilized to rent to any tenant (adult, family etc) including students, you should be OK

18 April 2024 | 6 replies
She could sell the stock and use those losses to offset some (or all) of her gains.Invest in opportunity zones - Likely a qualified opportunity fund - This could defer and potentially reduce the capital gains but there will be hoops to jump through and rules to followHold the note when selling the property - Spread out the capital gains over a predetermined mortgage period.

18 April 2024 | 27 replies
Most solar adds little if any value and can actual reduce the value of your home if you have a lease or a loan on it and try to sell.

19 April 2024 | 3 replies
BP's team has let me know that I may not attach full third party market reports due to my business phone number which appears on the market reports, so I have parsed some of the market data from them to include in this post along with data from the MLSwhich was pulled on 4/18/2024.

19 April 2024 | 4 replies
I have a hard money loan through a family member and that is included in that 700k.

18 April 2024 | 2 replies
Located just a stone's throw from I-35, this prime location beckons both travelers seeking transient luxury and long-term tenants, including discerning retirees.With meticulously designed sites and secured permitting, this venture promises to redefine luxury travel and investment excellence.

18 April 2024 | 141 replies
I had an autoimmune disease that went away just from fasting. but of course i lost weight too lol right, when blood sugar reduces it reduces fat and when fat is reduced, it reduce the inflammation as well, when inflammation reduces, immune system going up.

19 April 2024 | 10 replies
Chicago's lawn offers a variety of options, including residential areas with good amenities.
19 April 2024 | 10 replies
The decision to use Schedule E or Schedule C for reporting rental income from house hacking can depend on various factors, including the nature of your rental activities and how you've structured your rental business.Schedule E is typically used to report rental real estate income and expenses for individuals who own rental properties as investments or passive income sources.Schedule C, on the other hand, is used for reporting income and expenses from self-employment or business activities, including activities that are considered to be actively managed.The interpretation of the tax code and the determination of which schedule to use can vary based on individual circumstances and the tax preparer's expertise.Your tax preparer may reference relevant sections of the IRS tax code, such as IRS Publication 527 (Residential Rental Property), IRS Publication 334 (Tax Guide for Small Business), or other applicable publications and regulations.Factors that might influence the decision include the level of involvement in managing the rental property, the intent to generate passive income versus active business income, and the structure of your rental business (e.g., sole proprietorship, partnership, LLC).Ultimately, it's essential to work with a tax advisor or accountant who understands your specific situation, goals, and the nuances of rental property taxation.

19 April 2024 | 4 replies
Almost everyone here on BP will tell you that they wish they had started earlier, myself included.4.