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17 December 2021 | 63 replies
However, I don't believe the Property Tax deductions (Point 2.) on a Rental is restricted by the 2018 Tax Cuts and Jobs Act (TCJA).Specifically Section 212 says:In the case of an individual, there shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year:(1) for the production or collection of income;(2) for the management, conservation, or maintenance of property held for the production of income; or(3) in connection with the determination, collection, or refund of any tax.
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8 December 2021 | 14 replies
@Jonathan Greene thanks for your comment!!
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8 December 2021 | 10 replies
Wages and productivity going up, severe housing shortage, still super low interest rates even if they go up 1%, most people have equity and maybe great equity?
8 December 2021 | 3 replies
There are some pretty cool discounts on various products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proI really like the alerts feature that can quickly guide you to current topics that might interest you: http://www.biggerpockets.com/alerts
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7 December 2021 | 2 replies
Does anyone know if David covers house hacking in his book Long-distance real estate investing?
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15 December 2021 | 8 replies
Make sure you check out all that this site has to offer.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/proI really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alerts
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10 December 2021 | 21 replies
There are personal tax considerations, the structure of the investment (sole ownership or ownership with a partner), personal comfortability with risk, the loan products you have access to, personal income, personal debt to income ratios, property income, state of ownership (different states have different rules on transfer tax), and even the future strategy you are planning on taking with your investments etc.
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8 December 2021 | 17 replies
@Wilson Hunter I’m not an exterminator, but those green brownie mouse traps work wonder for me!
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29 December 2021 | 7 replies
@Joseph Green Have you tried communicating with the tenant to find out if she vacated but just left stuff behind hoping you would dispose of it?
15 October 2021 | 1 reply
Ask them, "With my FICO of ZZZ and a bk 3 years ago, do you have any HELOC product that will work for me?