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1 March 2024 | 13 replies
I would talk to a lender, they look at your Schedule E section of your tax returns and add back depreciation, so basically, as long as that number is greater than the mortgage, your property will be a net zero on your debt to income ratio or it will be at a positive best case and small negative worst case, so you only have to really qualify for the next property.
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28 February 2024 | 24 replies
Wait until you get your property tax bills for the next few years....
28 February 2024 | 11 replies
Biggerpockets could implement AI to check EVERY website at once for data which will make numbers more accurate and make investing faster.5: What about tax savings real estate has tax advantages, BiggerPockets could implement a system that shows you step by step how to save money on taxes.
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28 February 2024 | 63 replies
Sounds like its a $4k tax planning fee and then they do your taxes as well for an additional fee.
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28 February 2024 | 6 replies
Don't miss the traffic, the taxes, the overbearing politics and government.As for lease options, I started investing with this niche about 30 years ago and I still use various lease option strategies today.
28 February 2024 | 4 replies
If after reading your lease you feel you do not owe them the money, don't pay them.
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28 February 2024 | 3 replies
With individual LLC's you can handle your taxes on your own.
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28 February 2024 | 2 replies
I want to further expand my knowledge because I dont understand much of real estate terms, taxes, and everything in between.
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29 February 2024 | 6 replies
I was ultimately quoted a price of $10,000 to join the program, which I was encouraged to put on a credit card and ‘write-off on my taxes.’
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28 February 2024 | 2 replies
Living in the home for a couple years before selling could also provide some tax benefits.If you decide to sell the land with just a foundation, it may be more challenging to find a buyer willing to take on the project of building a home from scratch.