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.
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...
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 ...
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...