I have been doing my own taxes and have a large amount of Passive Activity Losses from my rentals, don't want to mention the specific number but it's a lot in the thousands. I'm a W2 employee, all long term rentals, n...
I want to knkow who to call at the bank level to just buy the darn houses from them directly. I have spent some time a thte web sites and nothing but agents.
Over priced because the market is falling like a brick. ...
So,I know that Texas has no state income tax. Does this include net rent for rental homes under an LLC?For example, if I show a positive net cash flow of $1000 for a rental property, is the IRS going to collect any i...
Hi, I am scratching the surface of knowing much about real estate. I bought a house on Cape Cod about 6 hrs ago for $243k I have $155k left on mortgage. I’ve tried renting it out during the summer season but I have a ...
Hello, so I am new to real estate investing. I have started reading books and getting more involved with the BiggerPockets forum because after reading some of the "Success Principles" book, I decided that I am the onl...
Hi BP Community! My wife and I own a single-family home in a top school district. The house is a smaller colonial with 3 beds and 1.5 baths. While the interior is nice, the first-floor kitchen and bath are original fr...
Hey All,
I've become interested in the idea of a self directed IRA as I'm growing increasingly put off by my Edward Jones dude trying to convince me that a 6% rate of return is awesome. I'm also looking into the pro...
January marks the 13th anniversary of the purchase of my first rental property. Since I learned a lot from this community, I wanted to share my success with you. In 2024, I hit $200k in cash flow from my properties....
Hello! A friend/former coworker of mine is partnering on buying a duplex with me. We are under contract right now. He is acting as the buyer's agent in the deal since he has his license. I have about 3 years of experi...
I was listening to the Lifestyles podcast and he said that people investing in real estate should not invest into their works 401K but invest in rental properties. Lets just throw an example out there. If you were loo...