Ryan Thomas
Long Island Zombie Houses
Newsday has put together a report on the "Zombie House" epidemic found here on Long Island. It is a pretty interesting read.http://data.newsday.com/projects/long-island/zombie-houses/ It seems to me, the biggest issue...
Patrick Orah
Advice Needed on the Tax Advantages with rental income investment
Hello BP community, I am looking for advice confirming what I think I know about tax advantages with rental income and help filling the gaps on some of the tax advantages/strategies that I may be missing.
To begin, I...
Adam Aschoff
Should I take out 401k to use in real estate?
With now being able to take out money penalty free from a 401k and where the market is currently, would taking the money out now and saving it for investing in real estate be a smarter move long term? Especially with ...
Philip Bourdon
Only Bathroom is in Basement - Still Worth a Try?
Almost a year ago, when I was considering wholesaling, I drove through Pittsburgh neighborhoods and would send out yellow post cards to owners of empty houses.
I changed my mind about wholesaling, but a lady called ...
Account Closed
Depreciation for foreign rental property
I have a question regarding Canadian rental property for US taxes. As you know the foreign rental property is subject to a 40-year linear depreciation in US. Taking depreciation allows me to reduce my taxable rental i...
Justin Brickman
Texas Property Taxes
Greg Abbott’s $18 billion tax cut package for Texas homeowners came into force on Monday, but many residents complained to Newsweek that they are still facing impossibly high taxes on their homes.
Property Taxes by t...
Jeremy Zindel
Deduct charitable contributions on a Schedule E (or C)?
First off, I know this is a very specific question to my circumstances and I already have an appointment with a CPA to ask this and many other questions but I wanted to get a feel from anyone in the BP community who m...
Adrian Tenemaza
any advice on how i can proceed?
Hello everyone! Im a new RE investor and currently seeking some advice on how i can proceed with a current situation!I currently own a primary residence (3 family) with an FHA loan, and a single family (investment p...
Charlie Moore
What is an umbrella policy?
What is an umbrella policy for rental homes? Should I go LLC
Bob Ross
What is the point of a home equity loan?
I bought a fixer upper as my first home and was able to build some good equity. I tried to get a home equity loan with the intention to make a down payment on an investment property with the funds.I was told I could n...