Matthew Scott
Real Estate Investor Mentors in TX
12 March 2024 | 5 replies
You may join in conversations, pose questions, and maybe even locate mentors who are eager to provide advice.Real Estate Investment Associations: Find out about regional or local real estate investor clubs, as well as REIAs (Real Estate Investment Associations), in Texas.
Kevin O'Doherty
Interest in real estate investing, any advice?
12 March 2024 | 4 replies
Be a great landlord - Provide timely communication, responsive maintenance, and fair treatment.
Pablo Flores
Anyone use STR Law Guys?
12 March 2024 | 17 replies
They still haven't provided what they promised to a few friends of mine and it's been a few years for each.
Robert DeForge
Have $40,000. Where would you put it for the best return??
12 March 2024 | 168 replies
A good majority of people will recommend stocks as a trustworthy investment vehicle (whether it be indices or individual stocks), and that's what I would recommend also; however, if you don't know much about the stock market, you're better off leaving your money in CASH.
Mariam Diong
Real Estate Vs Newbie
12 March 2024 | 3 replies
After these sacrifices you'll start to provide VALUE to other people (investors, friends, family).
Denise M. Tschida
How to set myself up for retirement from my day job in 5 years at 65?
12 March 2024 | 10 replies
Factor in the age and condition of the properties, as well as potential appreciation rates in both markets.Diversification: Investing in a new geographic area can provide diversification benefits.
David Ounanian
What tax benefits or implications should I be aware of as a real estate investor?
12 March 2024 | 4 replies
.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.
Taylor Davila
Which Strategy to start with
12 March 2024 | 12 replies
This can provide liquidity for your next investment or accommodate potential relocations.No Residency Requirement: Unlike house hacking, fix and flips don't require you to live in the property, allowing you more flexibility.However, keep in mind the challenges and risks associated with fix and flips:Market Analysis: Successful fix and flips require a good understanding of the local market.
Julius Clark
Connecting With Great People!
10 March 2024 | 2 replies
I would love to connect with some new individuals here on Bigger Pockets.
Ryan Judkins
Cost Segregation on Primary Residence if renting out the basement
12 March 2024 | 13 replies
@Catherine Javier I have worked with a number of great CPAs that specialize in real estate taxation over the years and would be more than happy to provide you with recommendations if you'd like?