A bit of personal background. I am currently residing in southern NJ, just over the bridge of Philadelphia. I work a typical 9-5 corporate job. I am very new to real estate, just a couple of month. My rental apartment...
Hi there. I own a rental property in St Louis. We recently had turnover and listed the property on the market again. I asked my property manager to increase the minimum credit score for applicants. They said they coul...
Hello BiggerPocket Community,Long story short on the clock with a low 7 figures in a 1031 - what would you do? Currently have small portfolio of rentals that cash flow. Current market is very low inventory if nothin...
how much importance are the schools in fix and flip strategy?
On today's episode of the BiggerPockets Podcast, we are going to dive into some really fascinating new ways to finance your real estate investing while talking with residential investor Dawn Anastasi. Dawn is an activ...
In the realm of real estate investing, the IRS sets guidelines to differentiate between active and passive participation for tax purposes. Understanding these rules is crucial as they impact how investors can deduct l...
My wife owns a condo about in 2008. I married into this pig (the condo, not my wife) as we filed jointly last year. It loses about $500/mo after everything's said and done. Doing the taxes last year it wouldn't let me...
Hello everyone! I know the criteria to be a RE Professional is 750 hours in RE and more hours in RE than any other job. My accountant told me that I need to spend 750 hours PER PROPERTY which does not make sense. H...
My goal is to build a buy-and-hold portfolio to earn $5,000 a month in passive income, but I have learned today that passive and active income are gray areas. Can someone please help me understand the difference betw...
HiI’m confused about the Short term rental loophole. If my STR property qualifies for the STR loophole then can my long term rental property deductions then be brought over to offset my active income like being a real...