I have an offer on a multi that has a $3000 monthly net. I could take the offer and use the money to eliminate $1700 monthly debt service on 2 other buildings and own them free and clear. Do I take the offer for the...

Looking for ideas, not specific investments but general ideas, on sheltering income from tax by investing in real estate.  I will be earning some significant sums of income over the next two years.  Unfortunately none...

I have done some searching, but I did not find the answer I was looking for on this topic. Lets just say I decide to set aside $300/month for 12 months and I show it as an expense on the P&L. Now it is tax time! I...

Question for the BP forum? What do you do when you are tapped out of liquid cast to jump on a deal? This is for general knowledge and also evaluating my situation question. Say you have a seller that wants out complet...

hello all.  first post here.  I am interested in getting into the real estate investing world and have a few introductory questions.  Unlike many of you, I have no interest in doing this full time (at least not until ...

I am looking to hire my 7yo son as a household employee. Mainly Supervising his 2 year old sister while were home so we can complete tasks such as cooking and laundry.
I do not own a business. Am I able to do this ou...

What's the right thing to do in this situation? A seller carried the note when I purchased her property last year. She called a couple months ago to tell me that she has cancer and that her life has changed so she wan...

What’s up BP!!! Have a question about the $25,000 offset I’m hoping someone could answer for me. To be clear I’m referring to the up to $25,000 in passive losses that the IRS allows you to offset your earned income by...

Hello all at BiggerPockets!            I am new to the site and I am looking to pick some brains. My girlfriend and I are looking at buying our first home in the Pensacola, Florida area and I have a series of questio...

Hi all, I am thinking of lending money to a friend as a promissory note. From what I understand, the interest on the note is subject to my personal marginal income tax rate. Is that correct?Any ideas on how to reduce ...