Hi All - I've seen quite a bit of confusion on the application of the Passive Activity Loss Rules and Short Term Rentals. Beyond BP, there is a lot of confusion in the accounting community as well but the same rules...
I have read sources/watched videos, etc. regarding reporting rental income on your Schedule C vs. Schedule E. Each source comments on why one may be better or the other. Frankly, it seems like depending upon the sou...
Hey all,I was curious how the rest of the BP community approaches the options between investing in active opportunities versus passive opportunities in real estate investing. Active Investing - Being the leader of t...
Hi everyone, I’m looking to get started in my acquisitions business here in cold CanadaI was wondering if anybody else is also in Canada? As many of us Canadians, we may be limited to resources compared to the States....
I am trying to advertise one of my rentals on Zillow. I am using one of my old ads for the property and just update some details to make it current. When I hit the 'Activate' button, Zillow says the ad will be posted ...
I have 5 questions, please read post in full for context before answering and indicate which question(s) you are responding. I have a non-majority share of equity in a few real estate industry LLCs located in multiple...
Hi BiggerPockets community, I am considering purchasing a STR and being an active participant for the opportunity to deduct the STR losses (notably deprecation) against my W2 job. I have been doing a lot of research h...
Ready to take on that first or next fix and flip? Before you roll up your sleeves and start swinging that hammer, there's something crucial you need to know: the hidden costs that can quietly sabotage your renovati...
Somewhat similar to this older topic (https://www.biggerpockets.com/forums/51/topics/144...), but differing: have a multi-member LLC through which most active business (investing, holding) occurs. Managing Members hav...
So, I am currently a part-time real estate agent while I finish college (one year to go). My license went active on Jan. 01, 2016. So far I have gained my first listing and am working with a few buyer clients. However...