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I have been aware of the 10 mortgage limit on conventional financing as we moved towards it. We have 9 currently and one HELOC on our personal residence (no mortgage on residence). I previously understood that the 10 ...
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I'm begging to get into real estate and the business management side of things, and after looking at a few firms in my area I've noticed that the majority of them are 'LLP'S' (limited liability partnerships'. I was wo...
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Hey everyone,My offer on a four plex was accepted yesterday, so I am super excited about the deal.I spoke to my mortgage broker and let her know that I wanted to do the mortgage in my soon to be created llc. She tells...
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My most recent tax filing made me more aware than ever of the potential benefits of claiming depreciation. I've since sold that single family rental and have a contract on another in my area, near Denham Springs, Lou...
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Under Sec 469: A taxpayer qualifies as a real estate professional if (1) more than one-half of the personal services the taxpayer performs in trades or businesses during the tax year are in real property trades or bus...
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What services could a person provide that would not be considered acting as a property manager? I was trying to think of property services for landlords that would not require a person to be a licensed realtor.
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Does anyone know if a person qualifies for a certain tax break if they sell corporate stock but immediatly turn around and buy a piece of real estate for investment purposes? Is there a way to do this (legally of cou...
Hey bigger pockets!Just wanted to get your advice . My friend and I are both real estate rookies, living in Las Vegas (Both only have one property under our belt) and are interested in partnering on a multi-family dea...
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Hi All, I am a pro member. I was walking around Hollywood the other day and saw a guy with a Bigger Pockets shirt. Where can I get one of these shirts?BP has really changed my life and want to represent! Thank you,Jason
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I am interested in obtaining my real estate broker's license in Washington DC. When I looked a the requirements for endorsement I noticed that you must have two (2) years' experience as a licensed salesperson along wi...