My husband and I just set up an LLC and are getting conflicting info from accountants that we've spoken with as to whether or not we should elect for an S Corp.We both plan to maintain full time jobs outside of our LL...

It’s May and time for another Las Vegas update. For a more in-depth view of the Las Vegas investment market, DM me for our 2023 Las Vegas Investor Outlook.
Before I continue, note that the charts only include propert...

I'm wondering if/why I will have to pay SE tax and all the other extra taxes on my profits from flipping.

This would make sense to me if flipping were my job and I were self employed, but the majority of my income (a...

Job situation currently:Quick background, running an IT business for 3 years now, makes about 150-250k gross per year, struggle to find the right employee to help so it takes my time m-f 8-5. 

Location: Central Cal...

I have yet to experience depreciation recapture, since none of the syndications I participate in have exited.My question is this. I have had paper passive losses on all K-1s filed with no passive gains to offset(I’m a...

Hello,If you were an investor and you got a proposal from a contractor for the deal below. Would you accept it? if so, under what conditions? what questions would you ask the contractor? what aspects would you conside...

Hi Everyone, I just recently put an offer on a duplex in Cleveland area and one of the units is classified as affordable/section 8. I purchased with the intent of honoring the current contract and not renewing next ye...

So, I hear many times, I will live off of the rent from my properties.
That seems to be the goal for many.
It’s such a variable income with repairs, vacancies, rising cost of insurance and taxes, declining rents, et...

Hi everyoneI'm new to Biggerpockets and have a lot of questions! I'm from Miami and trying to learn more about real estate in my area.Here's the first one...Would someone who has not have a consistent job for 2 yreas(...

I have been considering turning my units into section 8 rentals before this corona virus, but now im seriously considering it. I own a 4 plex in las Vegas ( arguably one of the hardest to be hit by all this ) currentl...