So I do day trading at home - it uses to be an apartment but it was a good year and I bought a house outright.Can I deduct the space I utilize in my home as a business expense on next year's taxes?Also do I need a bus...
Hi All,
I am new to RE investing. I recently opened a LLC and purchased a single unit property (cash purchase). Goal is to have 4 or 5 units at the moment.
My question:
Is it ok to give out a loan (from my personal ...
I'm looking into investing in syndication deals and I wanted to see if there are any experienced passive investors on BP that would be willing to chat. PM me if you'd be interested in connecting.
I am looking at a 4plex and I will need to go FHA.
I know that I will need to live in the 4 plex for at least 1 year.
My question is: do I need to sell my current home before I move into the 4 plex?
My current home...
Hello! I'm searching for an insurance professional to discuss the concept of negotiating group purchasing property insurance for a discount (similar to what is done through health care via employers).Are there regulat...
Would love to get seasoned investors' advice on how they would solve this investment/tax challenge: I am about to transfer 300k from a retirement vehicle so that I can use the money to retire early. It is money I can ...
The goal is to be extremely conservative, analyze all risk factors, and make sure to put emotions to the side when considering a new deal. When looking at a deal, make sure to leave extra slack in your projected opera...
Hey guys I'd like to know a bit on so called "renovation loan". Not the FHA 203K loan, but conventional. One loan officer noted only 5% down of the ARV is required, while another said she has never seen anything lowe...
I hired a CPA to handle my year end taxes and am not sure if I was given good info from him.He advised me that I did not have to file anything for my SDIRA that has 2 properties in it. Is this correct? Seems weird to ...
Hi everybody-Im attempting to figure out a rough number to incorporate for expenditures. Specifically heat and water for a triplex in lower Westchester, NY.Additionally, as I had mentioned before, my idea behind purch...