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Hello Guys,I finally put some Cash together to buy a two family fixer up... I live in brooklyn NY, so I’m trying to stay pretty local with my investment. From anyone’s experience what would be the better market to buy...
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Can anyone break down the Unlimited Marital Deduction for me?Spouses are both living, and still married. Spouses file taxes jointly. Both spouses are US citizens.If Spouse A gives a CASH gift to Spouse B, is it a ta...
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I was looking over the health exchange website and one of the income questions was Net Rental Income amount. Does net rental income factor in depreciation? Or is depreciation a different type of expense because you...
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Hi all! My first question on BP!I'm looking at an old flat in my local area that I'm considering as my first purchase in real estate investment. It's in Lisbon, Portugal where I live. I have these pictures of the floo...
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I'm trying to get some clarity on when you need to file a 1099. I was under the impression that any time you hire a contractor for an investment property and pay $600 or more you must file a 1099, but I came across t...
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Hey everyone. I've been a member for a while, however, this is my first post. I currently own two long-term rentals and I'd like to acquire a third. I spend a lot of time working and with my family and I just don...
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What does "land does not perk mean" on a piece of vacant land?
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With present economy, my interest rate is now 8%, which is costing me 1,000 a month in interest. Some months I don’t make but interest only. It is my primary home, which I haven’t moved past this stage in investing, ...
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There is so much to be grateful for I don't know where to begin. We take so much for granted in life, especially living in the USA and having access to so much knowledge and choices.
I am very grateful for this BP co...
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Is anyone on here a realtor or property manager or have any experience with Scranton pa? My wife and I live in Easton and are interested in checking out Scranton for rentals. My wife went to college there so she knows...