Hello everyone:I purchased my first income property in April of this year. It is an owner occupy double. I put 3.5% down with an fha loan. If I wasn't occupying, I would clear approx. $375/month after mort., taxes,...
Hi guys! I'm new to this site but have been soaking up what I can for the last few weeks. I'm looking to purchase a single family home but am looking into some advice as to possibly approaching seller financing to pur...
Good morning my name is John and I own a rental property in Trenton NJ. I brought the property 2 years ago for 100k and made about 5k in renovations. The market is dictating that my property is worth around 150k and...
I currently contribute 6% of my salary with a 3% match. I feel that the 6% I am contributing can be better leveraged through REI right now to build up my RE portfolio. Thoughts?
Hi everyone,This is my first post on BiggerPockets :) I am excited to join this community!I am looking for some advice on tax implications wrt selling my rental property in NYC. I own a rental in the Financial Distric...
Hey guys, Just a little about my current situation. I recently acquired a fixer-upper for 25k and am planning to out at least 10k into it and then rent it out. This is my first real estate investment. I have been tryi...
I have deferred passive losses on multiple rental properties that have accumulated over the last several years (let’s say around $50K). I recently sold one of these rental properties with a net capital gain of $120,00...
I receive a K1 every year through my main business I own 25% of. My % of profit and dividends are listed on it each year and are considered long term capital gains. I haven’t and do not plan on selling shares. Can I ...
Searching the internet for whether homeownership is actually valuable will leave your head in a daze. Major players in the real estate investing space will argue that you shouldn’t own a primary home, others will argu...
If you pass all of the qualifying tests and indicate at tax time that you’re a real estate professional, does that allow you to use all of your losses to offset gains?i know as a non-real estate professional you are l...