If I earned interest on a promissory note, but incurred expenses to loan that money, how do I report that?I loaned money to a real estate investor who then used the money to fix and flip a property. He gave me a promi...
Looking for a weigh in. My accountant says rental income 100% qualifies for the 20% 199-a deduction. My father-in-law’s didn’t use the exemptionfor his rental income. I assume the accountant is just extremely conserva...
Hello everyone! As a beginner, it can be hard for me to put everything from the guides into real-world context. Is there a tool, website, or video(s) out there that show many properties (real or hypothetical) with all...
Most people give lip service to buying low and selling high in real estate. In theory it sounds very simple. But in reality it takes people with extremely strong constitutions and nerves of steel to buy when everyone ...
I am interested in getting a Biggerpockets Pro Membership, but I'm wondering if I would be able to deduct it as a real estate business expense. I currently have one rental. Does anyone know if this is possible?
Whats the best way to go about wholesaling in terms of minimizing personal risk and liability? Is an LLC recommended (although that can be tricky since the LLC would be the "owner" of the contract). Is it also advised...
I'm an out of state buyer looking to buy a SFH in the Anderson/Indianapolis area. My credit union doesn't do out of state financing. Should I start with a real estate agent and let the agent recommend a lender or find...
Hey everyone,I've read a ton of posts surrounding the subject of LLCs and quite of a few of them with specificity to hotels, motels, etc. That said, most involve single owners so that's why I'm creating this thread. I...
Hi All! We currently own ~$20mn in residential properties and we'd like to get in to lending in the fix/flip market via a joint venture structure (we provide most of the money, partner does the work and we split the ...
I'm new to investing and am looking to wholesale a property. I am trying to understand the law concerning marketing your wholesale property. I'm in Wisconsin and according to the law ..."No – a real estate wholesaler ...