Jason Xenakis
Physician in Public Service Loan Forgiveness program
Hello. My wife and I are physicians that like in CT and work in NY. We plan on purchasing our first out of state LTR. I am enrolled in Public Service Loan Forgiveness (PSLF) program and need to pay 10% of my taxable i...
Eric Lunsford
Tax implications for a private lender
I apologize if this has been answered before. I did a brief search and didn't find anything that answered my question. I'm wondering how private lenders get taxed on their earned interest as they loan money to RE inve...
Randy Smith
Are you a Growth or Cash Flow Investor?
When I first started investing in real estate, I was often asked if I was a growth or cash flow investor. I constantly heard people referencing the infamous “cash flow is king” saying, but I never really gave much th...
Account Closed
Not sure where to start need advice - Flipping vs Rentals
I am so lost when it comes to reading the forums and books, podcasts. My wife and I know where we want to end up, but have no idea where the starting line is. We want to have recurring passive income from rentals/ s...
Marc Villiaer
Personal Use of Investment Property with MMLLC
I was hoping I might be able to get some thoughts from the community around a potential real estate investment I’m considering making. Here is the general scenario: Establishing a multi-member LLC in which my spouse a...
Pete Tallerico
Income tax on rental properties
Hi everyone! As a total newbie, I'm trying to figure out this game and am confused about how much and when do you have to pay income tax on a rental property. If I collect $1000 in gross monthly rent, that's $12,000...
Austin Sisk
What would you do with $200k?
If you were to wake up tomorrow with $200k, what would you do with it to generate income and set yourself up for the future?
Germán Rimoldi
Tax Breaks Investing OVERSEAS
Both income tax paid overseas for the capital earning and rental income can be used as a tax break. Income tax paid to the foreign can either be deducted or applied as a tax credit when filing your taxes in the US. Fo...
Jon W.
equity line of credit on property without income?
A family member owns free and clear a commercial property that other family uses so he does not generate any income (property was inherited). Can he take an equity line of credit out against it?
Iryna D.
LLC business account for Canadians
Good day Biggerpockets community!We are investors from Canada and just starting out in US market as well. We have registered an LLC in US, and I am looking to open a business account for it (we have an account for per...