Kevin Dickson
Flood Insurance Catch 22 - Lesson Learned
We have a rental house in Jamestown, CO., which was flooded two weeks ago. Our house was fine, but all utilities are off and all the roads were washed out.
So now it's worthless as a rental house, but I'm no...
Michelle Sangalang
W-2 High income looking for ways to minimizes taxes with Real estate license
Hey BP Team!Looking for some advice on how to minimize taxes in CA. Here are the facts:1. High income W-2 ($400k+) earner and would like to keep my job.2. Own 3 LTR properties all in CA under a Trust.3. My spouse and ...
Tyler Jahnke
What’s Your Worst Deal EVER?
Hey BP!One of the biggest draws of this site is the positive and helpful community that I’m now emmersed in. We all see so many amazing success stories of people starting with nothing who are now “financially free.”Bu...
Michell P.
More people keep moving in...
Hey all, Ok... I have a tenant who has been kind of a problem ever since I got involved with the property. They were placed in the unit by the previous property manager and their lease is OK but pretty minimal and no...
Ryan Daulton
Tenant property destruction
How do we protect ourselves from a tenant causing us significant damage in excess of the deposit amount? e.g. if we add a clause to the lease contract stating they will be liable for all charges due to their purposef...
Greg Tom
Best Tax Advantages for REI with low 6 figure income?
Hello,Wanted advice from BP. I am a big reader over at various 'retire early' sites (Money Mustache, etc.), and have a decently high savings rate after tax. I am trying to maximize my tax savings through real estate...
Clarissa Barks
Reluctant landlord, military base
My husband is active duty military who recently received orders to move to Kentucky.
Two years ago, we bought a house not far outside Ft Leonard Wood Missouri, thinking the market had hit bottom.
Wrong call.
So t...
John Brown
Mitigating capital gains
Good day all,
i have found a property that is for sale and the owner wants out of it. It is approximately 5 yo and consists of a few duplexes for sale on one side of the block and he owns a few more on the other si...
Ben Graham
Crowdfunding Flip - Interest?
I'm trying to gauge interest in a crowdfunded flip program. One of the biggest barriers for most starting investors is the initial cash deposits needed. This program would require your time and votes. It is not a R...
Loic Assobmo
Earnings too high to claim passive losses?
Earnings too high to claim passive losses?
so what happens if you have lots of passive losses on real estate - but your active income is over 150k? is there a way to still claim those loses if you are a full time emp...