Yeshua Smith
Can you deduct real estate purchases from your taxable income?
Hi, I'm new to real estate investing. I was wondering if I form an LLC to use for making investments, could I deduct the purchase of real estate from my regular income? For instance, let's say I make $200,000 a year f...
Charles Worth
Quick LLC CPA Accounting Tax Question
Quick question for the experienced tax/CPA people among us. If someone transfers the ownership of an LLC that holds property from one spouse to the other spouse is that a taxable event?Thank you.
Stephen N.
Democrats to propose year long eviction ban
https://www.politico.com/news/2020/07/16/kamala-harris-housing-evictions-366413
If evictions can be banned for a year, why can't they be banned for two years? and if they can be banned for 2 years, why not 10 years?...
Wendy Black
Need Advice on Switching Gears for Awhile
Hubby and I (both in our mid-60s and retired) have been in the buy-and-hold RE biz for 2 1/2 years. In that time, we've amassed a home and a condo (both with mortgages), another home (held by an IRA), and soon will b...
Tom Brown
Help with creating an Income Statement and Balance Sheet for a vacation rental proper
Hello everyone,
I'm considering investing in a vacation rental property in Spain and I would like to create a projected Income Statement and Balance Sheet for the next 5 years to help me better understand the financi...
Ernesto Miguel Credito
Househack on bigger city wile renting on a small town-Good idea?
Hello everyone, I am Miguel Credito, 32-year-old normal guy who works at a full-time job as a graphic designer and I want to get into real estate. The main reason for this is I want to be financially independent. To ...
Michael Bell
Newbie from VA living in Scotland
Hi, im a newbie to the site living in Scotland. I Am Originally from the State of Virginia. Just Moved to the UK 2.5 years ago. I am interested in finding connections to work with and take advantage of the strength...
Rafal Soltysek
RE investing strategies
Out of many RE investing strategies out there which-- after looking pluses and minuses of each-- which one in your opinion is the best, and why ??? tx-raf
Account Closed
Help potential deal in BAJA MEXICO?
Hey BP,
I am under a weird circumstance. This is potentially going to be my first deal however the problem is that the property in question is in Baja Mexico. How would I proceed? The Seller is textbook motiv...
Pichael Miper Holmes
Transferring property to LLC
Hello, Bigger Pockets!!It is with great joy that I announce that my wife, Piper, and I have closed on our first rental property! We bought a 2/1 in OH and have the property management company in place to get it rented...