Anthony F.
Pay Off Second Home or Leverage into New Property
Looking for feedback from folks who have been in similar situations and have lessons learned or advice, as I am just getting started and this is literally my first post.Wife and I moved out of our first townhouse and ...
Mariah Jeffery
Becoming RE Professional for Tax Purposes
All,My husband and I own 28 rent units in another state. I co-manager these with my father-in-law. He is local and does showings and maintenance, and sends apps to me for processing. I do the advertising, and have to ...
Daniel Hart
Do you use Quicken or Quickbooks?
As my business grows larger, so does my pile of paper. I've decided to start using software to manage my life. Quicken was recommended to me, but after installing it and trying it out I really don't like it. I'm ha...
Jon Jacobs
Tax returns for LLC holding real estate
I own a property through an LLC with 5 partners. I know I need to prepare form 1065 and K-1s, but I can't figure out how rental income/expenses fit into Form 1065? Is rental revenue my sales, where do operating expens...
Aroldo Villarreal
Accounting on Excel, what am I missing?
I have been looking everywhere for an excel template for keeping track of my expenses, income, and reflecting monthly cash-flow for my SFR investment but have not found anything that suits what I'm looking for, so I d...
Edmondo Morgan Jr
$100k rental income vs $100k earned income taxes?!
Looking to understand how one is able to pay less tax via rental income and at the same time keeping more at the end. Thanks in advance!
Kennedy Williams
How is my plan?
Hello everyone,
I am new to bigger pockets and just discovering the AMAZING potential to have financial freedom through real estate. I have been researching alot and listening to alot of podcasts and I am really look...
Joseph Morris
Visiting Banks Before Our First Deal
So we are looking for some advice...
We've identified our 'farm' and have been studying and getting to know the recent market. Our primary interest is fix-flip (with BRRRR as a VERY acceptable alternate exit strate...
Jacob Straussen
question about taxes for 3 people owning a duplex
my two business partners and I just closed on a duplex. the plan is to house-hack. two of us will be living there as a primary residence but the third person will not be there. however all three of us are on the ti...
Tami R.
Flipping
I was listening to the podcast today - love the fact about where David was going into a property 90-120 days and flipping it. Purchasing it for 75k putting 25 or 27k into and selling for 125k. My question is this......