Yong Jin Lee
?: Tax Deduction on people who are on W2 and do the rental property Investing
Hello! My wife and I are both W2 employees. We are carefully looking into starting rental property investing. However, one of our objectives is to reduce the tax burden we face on our W2 income. However, a local real ...
Hadar Orkibi
Applying for Credit Card?? STOP And Read This
Hi BP friends,
On Friday I had a good lesson I want to share with you when it comes to FICO score.
I’m about to close on a deal in the next 30-60 days and lock rates on Monday prior to the Fed increase on Tuesday.
...
Parul S.
Inspection report - To buy or not to buy
I have agreed to buy my first SFH investment property from a TK (turnkey) and just received the inspection report. The SFH is 60 years old but was represented as being "fully rehabbed". The inspection report is con...
Daniel Dietz
What Counts as Hours for Real Estate Proffesional Designation?
Hello All, I have been doing some reading up on how to use 'excessive losses due to depreciation' and of course came across the Real Estate Professional Designation for tax purposes. This is realated to buy-n-hold ren...
H. James Lee
1031 Exchange Vesting Issue
Piggybacking this great post:https://www.biggerpockets.com/blogs/5070/37244-103...Question #2: Can my spouse and I sell a property that we own personally and buy a replacement property in a LLC that is owned by both o...
Bernadeau C.
Removing your personal credit from a loan after 6 months...?
Hey all, I was told that if a person were to buy a property with their personal credit and within 6 months of owning that property they "sell" the property to their own LLC; at that point that individual can then writ...
Sheen Jowl
private lending mortgage w/ my name or LLC impact conventional?
Hi Bigger pockets community,I got a question regarding to the limit of "10 financed properties" for conventional mortgage. I wonder is private lending mortgage counted within the 10 properties? My understanding is it'...
Huy Phan
Prospective Renter with 10 collections on Smartmove report
I've received 3 applications from 3 individuals who want to rent my rental house. I got the reports from SmartMove for all 3. 2 of them looked good except one with many collections listed and Smartmove recommendatio...
Ryan Dossey
Does this exist? Research tool.
We ran a property we were looking at by our HML not to long ago. He sent us back a very detailed analysis. It included population statistics, growth, aerial photos of the land, ARV, school district reports, salaries, ...
Leonard Ng
Starting LLC with others, Help!
I'm wondering if anyone more experienced (specifically with California) could help me out. A few friends and I have recently been talking about investing in Real Estate. We've all been working for a few years and have...