Igor Messano
Help with choosing financing options.
I am in the process on purchasing my first investment property. For starters this will be a purchase from a family member so I can get as creative as I want with the purchasing and financing and they would be game.I a...
Steven White
Capital Gains
Hello BP! My question is who should I speak to about what to do with capital gains accumulated from wholesaling? Currently the capital is sitting in the company checking account. I'm not sure that is the best place fo...
Ivan Shao
Mortgage Tax Incentive ??
Hello , BP community !!I heard there is a kind of mortgage would offer tax incentive. For example, 30 yrs fixed / 4% ; we make mortgage monthly as regular mortgage payment but by the end of the year, mortgage lende...
Mike Brown
How do you use the BRRR method to pay off a home?
For example, say you buy an $80k home with $20k down and spend $15k in renos. It goes up to $125k after a year of "seasoning", which is an increase of $45k. In newbie terms, what is the process of using that $45k incr...
Fouad Droubi
Best way to use Rent payment from the property?
I purchased my first property back in 2018; the monthly mortgage payment is $1300 (which includes interest, principal, property tax, and insurance). I leased the property a month after the purchase for $1550 a month (...
Vu Nguyen
W2 Income Tax Deduction Strategies through Syndication
Hi Guys! I am new to the Bigger Pockets Family. But I am in great distress seeing how much taxes are deducted from my W2 income. I need help with understanding how to reduce my taxable income strategically through s...
Joe Nitz
No Income for 2014 on First Rental Property
I have a property that I purchased in Dec of 2014 that I bought with the intention of renting out. This is my first property I brought with the intention of renting out. The property needed a lot of work and it won't ...
Adam Beaumont
Separate business credit card and personal credit card?
I only have one rental property, and I use my personal credit card to purchase whatever I need for the property. Any thoughts on exclusively using separate credit cards for business and personal expenses? My main co...
Michael Nugent
What would be the impact of incorporating on my rentals?
Hi, new to the forum here and I am looking into incorporating my rentals under a single entity and I am wondering how this would affect passive losses that have accrued over time? Anyone with personal experience or r...
Corey T.
Primary to Rental
Good evening!
I have just accepted a job several states away and would like to convert my primary residence into an investment property. I have been reading all across these forums and google, but I wanted to post m...