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Just heard back from my tax accountant and I was expecting some good news that we were getting a positive return from owning 6 different rental properties (bought 2 in 2019) but instead he tells me that we're just bre...
Hey BiggerPockets community!
I've been diving into the mid-term rental market in St. Petersburg, FL, and wanted to share some insights on the benefits of this strategy. For those unfamiliar, mid-term rentals typicall...
Hello, BP
My wife and I decided to place our then primary residence for rent in Nov/Dec '19. Its our only rental property. We did not file for LLC or anything like that. Is it necessary to file under qualified joint ...
Protecting Your AssetsIf you are sued because someone is injured on your rental property, including a guest of the tenant, then your personal assets are not necessarily protected as an individual landlord. Regardless ...
Hello All:Background: I have a Self Directed IRA that I plan to use to make my first Real Estate Investment Multi Family (both residential and commercial) with 20 % down payment coming from my IRA. My wife is conserva...
Hello Everyone,
I am highly interested in applying some of 401k towards a self directed IRA. It seems like a good opportunity for me to get involved in real estate with out currently having a ton liquidity.
However...
Hi everyone, i wanted to put my ignorance out there and see if I can learn some valuable information from you all. I'm looking to form a simple tax strategy based on a very small portfolio, I want to do it right while...
Hello BP Nation,Today the Treasury issued authoritative guidance via Revenue Ruling 2019-11 on the taxability of state and local tax refunds from which a deduction may have been limited due to the $10,000 state and lo...
http://www.cnbc.com/2016/12/01/heads-up-homeowners-mortgage-interest-deduction-on-trumps-chopping-block.htmlThe mortgage interest deduction is already capped at loans up to $1 million if you're married and filing join...