To the High W2 earning BP members out there, what strategies have you used to decrease your W2 taxable income? Depending on what state you earn your wages, income tax rates of 40-50% are unreasonable. Most of you like...
So ima newbie from Detroit and with the new chrysler plant under way for construction I'm think of land grabbing rental properties and flips in the detroit area but dont know where to start should I get super cheap pr...
Finally! Spring has arrived. It has been a very long winter, and for investors and real estate pros alike, the season is off to a brisk start. Inventory is up, transactions and mortgage applications are up, mortgage r...
Hi All,I have been doing a bit of reading about the strategy of buying houses at a discount and then selling them with seller financing and then selling the note to cash out. There is a piece of the puzzle missing fo...
Hello,I am looking at turn-key investments out of state and was wondering about if it would make it more difficult to get, when the time comes, to be a Real-estate professional, recognized by the IRS.I understand ther...
Hi! looking to purchase single-family homes in my hometown. I have limited experience and would like to ask a question:
Is negative cash flow ALWAYS bad?
Hi everyone! I am very interested in investing in real estate. In fact, I have already purchased my first home back in January of 2014 (FHA), a modest starter home. What are my options for "my next step"? It was not p...
I am in need of a good CPA. My current accountant says that I have to suspend most of my real estate losses do to the fact my wife is a high W-2 wage earner. I know you are limited to $25K if you are a non professiona...
Bought my first SF rental in 2017. Was excited to begin doing my taxes and deduct all my expenses I spent in re-hab, travel, etc. Turbo tax is indicating that if you make over $150k then rental deductions are not allo...
Still looking for my perfect first investment. There seem to be some good deals in that area, but some of the stats are making me nervous. Neighborhood Scout says the area I'm looking at, 5th St/Mifflin, has a high ch...