Is rental income consider as earned income for childcare credit? My spouse has w2 income and we have some rentals that I manage. we has positive rental income on schedule E even after depreciation, high HOA fees, int...
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How do we create a value of future potential of a property? This numbers below are for a 12 unit for sale in upstate NY.
Based on rent roll 2% rule means we should look at a purchase price of around ...
I am looking for opinion/advice/or alternative solutions for refinancing with a high debt to income ratio. I currently have 3 houses in my personal name and have come across an off market deal. An obstacle I may enc...
Hello. Just looking for a little advice. IVe got a SFH I bought in college about 8 years ago. I purchased for $70k. After moving away I continued to rent it out and still do to this day but have recently decided to se...
Hi BP community, I am a small investor from upstate NY. I have 5 rental units, 1 a single family home and 2 two family homes that I rent.I am Wondering how the math works when calculating a loss on one rental property...
Hello BP,
I am in need of your infamous brilliance. I am currently going through a 1031 exchange and wanted to ask a few questions about 1031 to understand the scenarios better. Thank you for any help you can...
Does anyone know the tax implications when selling your own investment property when you are a real estate agent? I always thought it was just long term capital gains but I was told recently that since my wife and I ...
Does anyone know if it's ok to do a 1031 exchange and use the money to jointly buy property with somebody else or does the owner have to be the same person and no one else?
Hello,I'm interested in partnering on a deal with 3 individuals. In order to do this should we all create an LLC together for this one deal? Or will our individual businesses protect us? (One person is not protected b...
My wife and I are currently starting out real estate journey. 1.5 years ago we bought a dental practice, and last year we purchased our dental office building priced at around $2M with $500k in equity. We currently ma...