Augustine Chang
Breakeven Strategy for Studio Condo Rental in NYC – Need Advice on Options!
Hi BiggerPockets Community,
I’m looking for advice on breaking even or generating positive cash flow with my studio condo in Prospect Heights, NYC. Here’s the situation:
Purchase Price: $540,000Down Payment: 20%Mort...
Lisa Gardner
Is there a scenario where investing in RE offsets other taxes?
Is there a way to use investing in real estate to help offset someone's taxes? The scenario is a single member LLC filing as an S Corp. The tax burden is high, and I was wondering-if funding were not an issue-is there...
Andy Traum
How do I know if this is a good deal?
I am looking at a mobile home park in CT with the following details:- 18 spaces fully rented for $455 / month (received as an HOA - owner does not own the mobile homes but rents the spaces and includes utilities as pa...
Bryan O.
Tax Deferral and How to contribute to solo 401k
As tax season is approaching, I'm trying to find more ways to reduce my taxable income to get down to the more favored brackets.If I have passive income (rent) coming into an LLC, can I pay myself a management fee to ...
Henrik Frank
Do the 50% and 2% rules apply to condos?
Since many condos have outside and structural maintenance built in to the HOA fees - do the rules still apply? I realize that some maintenance always will be necessary, but it seems some of the bigger ticket items can...
Gp G.
lower expense ideas on property
What are best lower expense ideas on your property you are following.How much property insurance is reasonable on 150k SFH in Atlanta area per month. Is 100$ per month is too much for insurance? Any other areas where ...
Caleb Landry
BRRRR and flip income.
Hello,
Quick question about how the IRS looks at 2 types of income in your company.
I have one BRRRR property and now doing a flip on another property.
Does the IRS look at the 2 sets of income completely separatel...
Chad Rupp
Keep my underwater property or dump it?
I would love your advice. Should I keep this property or dump it?I have a condo in Algonquin Illinois (3 bed, 2 bath, 1890 sq/ft) that I had bought for $265k in 2006. The current comps for this property are around 185...
Grant Baker
Investing with partner - Tax advantages
Hello all, I have never invested with a partner before but looking at possibly doing it in the near future. I have lots of questions on how it would work, we agreed we would go 50/50 split all expenses. If we invest i...
Jeffrey Jenkins
I'm new to this I really need help
Write your postI'm new to this I be live it works and that I can do it but I could use any advice from anyone who's already doing it thanks