Val Csontos
Hi Tax pro's, I need you input please on "Active vs Passive" status question.
Just seeking for second opinion on this Tax situation: I am a fulltime Investor and I according to the IRS Sec 469c I qualify for the "Active" status, BUT my wife has a fulltime job with, w2 salary. We own an S Corp ...
James Brookins
New member introduction from Philadelphia, PA
Hi Everyone,I'm Jim and a newbie to BP. I'm located in southern NewJersey. The area I've chosen to invest in is the city of Philadelphia because of the many opportunities available there. My primary goals are to inc...
Chelsea Schaefer
CPA causing confusion on STR rules - HELP!
Looking for advice - purchased first STR 2023 and we qualify for active income based on rule 3 of the material participation test. Current CPA says we can't take losses off of W-2 because W-2 income is greater than 24...
Brandon Turner
A Decade of Changed Lives: Looking Back on 10 Years of BiggerPockets
Today is the 10 year anniversary of BiggerPockets! I just wanted to let everyone know about the blog post Josh just wrote up about it. So check it out! A Decade of Changed Lives: Celebrating 10 Years of BiggerPockets
Jeffrey Haynes
Investing in Providence Rhode Island
Hello All! Jeffrey Haynes aka Mr. Lif here doing my first formal post. I've been a BP member since 2017 but have been quietly honing my skills as a deal provider since joining. My recent Track Record is: June 2018, ...
Mandy Liu
Prospective Rental with no rental history, my qualification list
Hi - I showed my SFH to several prospective buyer yesterday. Neither has submitted the rental application yet. I sent them the link to apply via cozy. I told them once their application is accepted, we will proceed wi...
Carlos Guerrero
Advice on where to hang my license.
I recently received my license and have interviewed with a few brokerages. I thought I’d come in here and see if anybody has any advice. Here is some background information on me. I reside just north of Austin. I ...
Eric Lee
Investing in the Oregon market
Hi all,I'm looking to acquire my first rental property and am strongly leaning towards a short-term rental while doing a MTR for off-peak seasons. I'm located in the Salem area and while I've looked at properties loca...
Manson C.
$25k Passive Loss to Offset Ordinary Income
Hello. My adjusted gross income is under $100,000, and so the passive loss (including phantom loss from depreciation, deductions from mortgage interest and property tax, etc.) from my rental properties will be offsett...
Jorge Abreu
Active Versus Passive Real Estate Investing – Which One Is Right
Did you know that you could invest in real estate without the headaches of tenants, toilets, and termites? It’s true – you can get all the benefits of investing in real estate, without any of the hassles of being a la...