Caroline Day
Investing in Existing AirBnB Properties (Europe)
16 March 2022 | 2 replies
My husband and I have a knack for finding really good deals, and I have the North American (Canadian) short-term know-how to properly furnish and create systems for a rental.If you'd like to acquire more properties in Italy, feel free to reach out!
Brian Walters
The classic LLC question - but with a twist
30 September 2020 | 44 replies
But pass through entities get taxed less than ordinary income which is what you’re taxed as an individual who has income.
Amy Canfield
"STR Favorite Things" - Pretend you're Oprah
17 January 2020 | 36 replies
American made furniture.
Juvawn Parker
Young Landlord Seeking Advice
16 January 2023 | 10 replies
Being debt-free puts you ahead of most Americans.
Brice Hall
Land Contract Tax Consequences for Sellers and how to 1031 Exchg
17 January 2023 | 8 replies
Generally speaking, if you enter into the land contract within a year of purchasing the property, gains will be taxed at short-term (ordinary) rates, even if the installment period is over one year.If the sale occurrs after one year of the purchase, the gains will be taxed at favorable, long-term rates.With respect to the 1031 - it is possible to do a 1031 when executing a land contract but it's complicated.
Mike Schorah
Where do you find legitimate cash buyers?
10 January 2023 | 7 replies
It will take HARD work for at least 6-12 months, there are NO shortcuts.Read below how to start building your own network:Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?
Javier Gaillard
Federal and State Income Tax
23 May 2021 | 7 replies
Your salary or wage is ordinary income.
Brian Paula
Using Passive Losses (STR or LT Rental) to offset Ordinary Income
15 January 2023 | 13 replies
Hello fellow Big Pocketers - I have a feeling that I am just out of luck here but thought I would reach out to the smartest group of people I know when it comes to real estate.Situation - -High earner in my W-2 job (n...
Elliot Lamson
How does propstream pull mortgage data?
8 December 2022 | 5 replies
Hey Elliot, i recommend DataTree by American Title or sitexproLeona
Michele Fischer
Applicant with no SSN
9 January 2017 | 39 replies
Sounds to me like he is trying to have the American dream.