Elaine Gee
Partnership returns, Cpa s and tax expert advices needrd
My daughter and I bought a house together in 2018. Purchase price $240k. $ from my line credit from my house. It’s 50/50 Ownership. She borrowed $120k from me and made her to pay interest and principal until she does ...
James Treby
Advice on possibly pulling money out of my home to go buy another
Hello BPI am a new to the real estate investing game and was looking for some advice on what I should do to possibly pull money out of my house to buy my first investment property. I live in North Jersey and bought ...
Josh Garner
Ways to reduce tax liability on my cash flow
Hey BP! What are some ways I can reduce my tax liability on my rental property? After reviewing my taxes, I earned $26,400 in rental income on my property, and all expenses (mortgage interest, repairs, depreciation, i...
Matthew Samson
Primary Residence Sale -- $1.65mm appreciation -- How to Minimize Capital Gains?
Hi All. So excited to be a new member in the BP community!
My parents in-law bought their primary residence in California for ~ $350k and now it's worth over $2mm. Obviously, their capital gains are well beyond the ...
Jeff Miller
Sec. 121: Is Home Office to Support Rental Treated Diff. vs. Other Home Business Use?
I'm trying to reconcile my (50/50) partners historical tax treatment of our mixed-use residential property with mine, among other things.
She's always had a tax pro, I've always DIY.
A big mistake: I've always done...
Muhammad Soroya
Is 6CAP 4+plex asking too much for in Larger Bay Area++?
It's 2024, Rates have been eating at investors. 99% of listings have tenants underpaying rent by 50%. Sellers are giving 3CAP. Counties make it insanely hard to catch up to market rates.Is it too much to expect a 6CAP...
John M Arnoldsen
Should I cash out refi my primary res. to begin RE investing?
I am a beginner and have nothing invested in real estate. BACKGROUND INFO:-38 year old police officer in Utah. Married with 6 minor children. -Base salary: $83,200 per year, $90,000+ when including overtime. No debt o...
Jacob Ham
New Member From Scottsdale, AZ
Hello everybody,I am a new member to BiggerPockets, and also definitely a noobie when it comes to real estate investments.Currently I am working as a Franchise Development Director for Red Roof Inn, and I am starting ...
Erin W.
Out of State Tax Considerations
Hi,Over time, I've browsed so many forum topics and now I'm thinking about investing out-of-state. I thought I remembered reading some advice about income tax vs some other tax in both your residence state and the st...
Yoko Hankins
Property Tax was Deal Breaker on our First Rental
We found a great deal on our first STR property in Pensacola, FL. But we realized that the country assesses x3 property tax on rental properties. We were fortunate that we discovered this before we signed, but are ver...