Hi all,
A big advantage of real estate is that it can be a large tax writeoff. The "depeciation" and mortgage writeoffs can save quite a bit.
I plan on living abroad so US real estate won't be an option for me for ...
Achieving Real Estate Professional Status (REPS) can allow investors to deduct rental real estate losses against other income, potentially providing substantial tax savings.Key Points:
Qualification Criteria: REPS re...
Can unused passive losses carried forward from prior tax years be used against active income in the current tax year, if the taxpayer has qualified per IRS rules to become a "Real Estate Professional" in the current t...
Hey everyone- do I saw a post earlier this week asking about any negative aspects to getting one’s RE license. One that stood out was the liability component. For example, being a licensed RE broker, you have to alway...
Now this is technically a legal question but I'm sure investors would know. How does the tax benefits work on real estate? For example , say I net $8,000 from a wholesale deal, do I put that 8 grand into an account an...
My wife would like to leave an office job with great benefits. I am currently a full time agent(no benefits). We are looking to start a real estate investing company with her as the admin manager as she excels at that...
I have my LLC for flipping homes but I’m going to start trading stocks… Should I keep that in my personal name or should I have a LLC for that and then create a holding company that holds my real estate LLC and tradin...
Hello BiggerPockets Community,
I recently launched a direct mail marketing campaign, and am sending out 30+ letters per week.
I have had a strong response rate, but it is time-consuming to tailor each letter (pers...
I’m considering starting a rehab company with a few fellow investors/agents. We have a contractor lined up we would pay a salary. He would work on our investment projects and client listings. I’m looking for insight ...
I currently own 3 homes with a variety of construction goals. I've gained a ton of hands on skills over the course of the last 4 years owning these properties and considering applying to become my own GC for upcoming ...