Ashneil Datt
Limits on how many rental properties you can own
I am looking into doing rental properties and I have heard that there is a limit to how many rental properties you can own. I was told that one can only have 10 rental properties to there name. Is this true?ThanksAshn...
James Mason
Accountant for 2021 Taxes
Hi all,
I am looking for an accountant who has some specialty in real estate because I want to make sure my wife and I take advantage of all the tax benefits of our real estate investment. I have a pretty straightfor...
Ryan Morgan
Real estate professional status
Do both spouses need to obtain real estate professional status to receive the tax benefit?
Bryan Beshore
Real Estate Professional Investment Status and Spouse W2 Income
Hypothetical question: A married couple, Jim and Maria. Maria is a professional who earns $750,000/yr in W2 income. Jim takes notice, and thinks to himself: maybe I should quit my job to become a real estate professio...
Andrew Bergman
Capital Gains Write Off
Hello All!My question is regarding the capital gains write off for an owner occupied residence. I understand that it is 500k for a married couple. My wife and I have lived in this residence for 1.5 years but have just...
Jorge Galvez
Renting to a young couple - any pitfalls?
Are there any issues anyone has experienced with renting to a young married couple. Guy is 24 and girl is 20. Guy has an associate's degree and works two jobs. Girl works two jobs. Mom would like to move in with them...
Rahul Singh
Need your input
Hello Everyone,I need your input on a decision that I'm struggling with. We were able to get a great deal on our current primary residence back in 2009. Initially we bought it to flip it but after renovating and mar...
Brad E.
Tenant Screening advice needed
Hey BP - I'm looking for some advice on potential tenants I am screening. I have a couple applying. They are not married.One of them meets all income and credit requirments having a 729 credit score. So by themself...
Satha Palani
How do you consider multiple applicants
Hi,I put my house on market Thursday and got a ton of interests. I have been doing my research on BP for sometime now and have been following some best practices.I am asking all prospects to fill out a pre-screen surv...
Rob Harnden II
What do you do if only one applicant's credit score is high enough?
I just listed a 3br house for rent. Until now, I haven't thought about how to handle it if not all of the applicants meet my minimum credit score. Should I just deny them all? Or, should I accept with conditions if on...