Hi,Most likely this question could have came in the past, just could not find a straight answer. Hoping some of the experts here could answer or point me to right thread if answered already. Okay the situation is I m...
In a sandwich lease with the investor in the middle1. Tenant Buyer pays about $200 over market rent. Nothing in the lease suggests the rent is above market2. A well siloed option contract collects a fee of $200 per mo...
Hello BP nation ! If we would receive K1 income from own business, would it be considered passive income? If so , can we use the suspended real estate passive loss (Suppose tax return over 150k) to deduct K1 income...
I bought a property with a family member (son) and want to put it just in the sons nameWe bought it in 2016 as Joint tenancy. For him to get loan I put my name on property, but he made all the payments for the proper...
I'm looking to do my first 1031 exchange in the near future. Does anyone have a recommendation of a broker to help facilitate or experiences/advice or do's-and-don'ts on how to Do It Yourself?
I am trying to help a previous client avoid a healthy capital gains bill on the sale of their primary residence. Trying not to spell it out to them directly though out of concern of giving tax advice outside of my sc...
The more I look, the more questions I seem to have. I'll try to keep it concise. Thank you for any help you can offer!Quit my job last year. I have a TSP still in place which I would like to rollover to a SDIRA(pos...
Everyone says how important screening tenants is. Experts, what grade of property do you rent, and what are your tenant standards?Income 3x rent?A certain credit score?Evictions/evictions filed?Criminal history?Bankru...
I have a quad w/ 2 units on LTR (1 Unit needs Reno, once a tenant moves out) and 2 units on STR after conducting a cost-seg and using the STR loophole with material participation against my W2 income would the entire ...
Hello Bigger Pockets.I can't find the answer to my entire question when I search. I am a real estate professionalI had a loss on a rental property last year.My income is over $150,000Can I write off the loss this year...