Charles Craig
Line of credit question.
Ive been to several local banks here asking about lines of credit and none of them seem to offer that. While speaking with on lone officer they mentioned a credit card.
So my question is :
What is the big difference ...
Sarina Drucker
Taxes and Owner-Occupied Duplex
I occupy one side of my duplex. With new tax laws, I want to make sure I minimize my losses. Anything you’ve discovered that works to your advantage in this situation? TIA!
Liz Ridgway
Passive Losses at Time of Sale
I am reading BP’s Tax Strategies book and I wish I had read it sooner. This should be required reading for anyone who owns RE, even if only a primary residence.My question pertains to passive losses. Due to the income...
Blake Hansen
Difficult decisions at the intersection of REI and Covid-19
After YEARS of analysis paralysis regarding rent and hold (with BRRRR in mind) my wife and I finally have plans to close this week or early next. 3/2 SFR. Every penny towards our down payment and all estimated rehab c...
Solomon Mamo
Fix-up vs. sell "As-Is"
Hello Dear BPers,I am here again with questions. The rental property i have for the past 8 years was a disaster. First, all these years it was on a negative cash flow-meaning i was paying round $120 toward the mortgag...
Account Closed
Mortgage Underwater $30k After Almost 10 Years of Ownership!?
Hello BiggerPockets Community!I really need some advice on whether to hold or sell my rental property. Here are the details.In 2011 I bought my first home, a 1 bed + den, 1 bath condo for $227 000. I paid way too much...
Logan M.
Why are agents going to EXP and REAL, is there really that good of money?
Why are agents going to EXP and REAL, is there really that good of money?I am pretty happy being with ReMax but I want to understand why so many agents are jumping over to MLMs in the real estate space???What am I mis...
Jeremy Keone
Tax Deductible Limits
Aloha. 🤙🏾 Looking for advice and insight. Any help is much appreciated. Recently I have been exceeding the limit on tax deductions for my rental property business, when filing for my annual tax returns. Every year I d...
Masa Don
The Magic of Leverage
Thought this might be a good topic in these declining times. . .
The question is how much of your real estate investments should be leveraged?
Tim Tierney
Will Net 1 million dollars from my business this year, now what?
Hello-I am 35 years old, married with two small children (4 and 3). I'm in year 2 of my business (not real estate related), and am projecting to NET over 1 million dollars this year, pre-tax. My plan is to first and...