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Hey guys curious, is it smart to open an llc and rent a room out on my own property just for the tax benefits ?
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I’m wondering how the new tax law has affected buy and hold investors who phase out at the $150,000 W-2 max income for deductions. My wife and I own four properties in Washington, DC proper, and rehabbed one last year...
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Hi everyone,I am an aspiring real estate investor and I got interested in real estate primarily due to the tax benefits. I want to reduce my w-2 income by running a short term rental and claiming bonus depreciation. I...
When people discuss cash flow, are they referring to the cash flow before, or after, the write offs for depreciation and interest payments?
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Hi fellow BP members, I am relatively new to BP and so glad that I found this site. It has immense amount of information on RE investing. Kudos to BP for creating this huge platform to connect and share "everything re...
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I am looking into the process of starting an LLC, because I understand there are many tax benefits to operating a real estate business under an LLC. Starting an LLC would also help make my website more credible and of...
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Hi! I just started educating myself on rental properties a few months ago and am trying to determine my strategy. My husband and I both work and have a combined income of $220k but we are paying $60k annually on taxes...
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Hi Everyone, I just bought my primary residence and am planning on renting it out. I am the sole proprietor of my LLC and would like to be able to collect rent money through my LLC so that it is profitable and I can u...
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Hello,
I am a beginner investor. Me and my business partner purchased a SFH in Tampa, FL using a Joint Venture agreement. The original plan was to flip. Now after some additional research we decided to keep the prop...
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I am investing with a syndicate, they are a fund and just bought a property for 50% over the sale price in 2019.
Originally sold in 2019 for $40M, they bought it for $60M just 2 years later - NO VALUE ADD DONE.
What...