Peter K.
Tax deductions for a investment property?
Anybody with knowledge with taxes: what specific items can you deduct for tax purposes? I know you can claim depreciation on your home and gas for going to and from your investment home? Anybody have a list? I know I ...
Anna Batchelor
How is VT STR income tax calculated?
I’m looking for some help understanding how my income from a VT STR is going to be calculated. I’m anticipating a 30k gross and 10k net income after expenses. Does the gross or net income get taxed? Since I’m only MAK...
Wesley Cheng
Newbie from Puyallup, WA
My name is Wesley Cheng. I was from Los Angeles, CA, then moved to Dallas, TX, then moved to Manhattan/Queens, NY. Currently, I live in Tumwater, WA and plan on moving up north to Puyallup, WA where my cousin lives. I...
Michael Talerico
Possible Opportunity to Acquire Mixed-Use Building w/Grant
Hello Everyone-I am in the process of trying to acquire a mixed-use building in my area (that is mostly in disrepair) via a master lease option. To make a long story short, the person who acquires or purchases this bu...
Joyce Kim
Personal financial hardship - HELOC vs Home Equity Loan?
I was recently laid off and have accumulated about $20,000 in credit card debt, primarily from paying last year's property taxes and covering a few months of living expenses. I own a house with approximately $400,000 ...
Rio Peterson
Is potential partner a fraud?
I was recently approached by a seemingly experienced real estate investor to partner with him to flip $1M+ ARV homes. We met for the first time at a networking event and after hearing I work in finance, he was overly ...
Joe Wood
Reducing taxable income ideas
Hello everyone,Interested to see what are some good ways to increase deductions in order to reduce taxable income. I am already acquiring one more property, but looking to see if anyone has some creative ideas out there.
Floyd T.
How do I sell a Pre-foreclosure
Happy Friday my fellow BP'ers. I'm hoping someone can answer this question for me and help guide me in the right direction. Let's say I get a Pre-foreclosure under a lease option contract. I want to retai it for Ma...
Craig Dieterich
first deal found! but problem with financing. Need advice
I found a turn key duplex for $50k with renters in place bringing in $900/mo. I pre qualified for a loan up to $300k for an investment property at 4.875% with 25% down. My problem is that $50k minus 25% down is only $...
Erick Duran
Tax advice for a start up RE investing LLC
Newly started LLC for investing in rental properties. What can I expect to write off at the end of the year? Any guidance on what mistakes were made by any of you early on? Should I hold off on buying equipment suck a...