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Newbie here, purchased a LTR a few months back. Have a few questions regarding STR loophole and ways to save on taxes.I have a W2 and I am on H1b visa. So looking for folks who are knowledgeable on visa side of things...
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I am considering working with a property developer in NJ to buy land, build a duplex/triplex and sell it (6-9 month time horizon). Is there any creative way to avoid/reduce capital gains tax on the sale ? From what I...
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I have been going in circles for over 6 months now in the Houston, TX market. I am going in between pre-foreclosures, wholesale deals, MLS deals, auction properties, and REO properties. I can't figure out the best app...
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Looking for some input...I'm working on educating myself more when it comes to various tax benefits and trying to decide what would be the best route for me moving forward. Ideally I would like to have at least 1 LTR,...
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Do any of you guys know any good resources for learning about exit strategies? I just need a simple explanation and some examples of exit strategies so I can get an idea of what investors are talking about when they s...
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Hello everyone,I discovered the bigger pockets website a few weeks ago as I finished the book Rich Dad Poor Dad. I've been reading and listening to anything and everything about real estate since. Currently I am worki...
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Hi bigger pockets fiends,There are two sides to the "cash for keys" situation. 1) I am a landlord and I'm interested in the best way of handling and covering myself when proposing "cash for keys" to the tenants. How d...
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Hi, I’m very néw here and a little nervous to be posting, so please be nice 😊 We bought a vacation home last year and are using it as a STR and it’s doing quite well- or goal was to cover costs at first, and we’ve don...
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Happy Friday,
Hope others are enjoying a nice night doing taxes as well. I purchased a 6 unit property (quadplex + 2 single family houses) this summer. It is zoned mixed use - residential & commercial. I p...