Hello everyone,I live in California but I recently sold my rental property in Ohio. I experienced a loss in terms of property sale and operational costs (managing and maintaining the property etc). Does anyone know wh...
Hi BiggerPockets community, I am considering purchasing a STR and being an active participant for the opportunity to deduct the STR losses (notably deprecation) against my W2 job. I have been doing a lot of research h...
Hi, I'm Canadian.
I'm planning to start a new LLC in a state (possibly Nevada), so that i can use it as the entity to apply for a mortgage on a small apartment building (8-18 unit).
Can a brand new LLC with no credit...
As soon as I started my Corporate job, I was told like many others to max out my 401k contributions to take advantage of my Employer match (100% first 3%, 50% next 2%). So I've been contributing 5% the last 5 years. B...
Hello!I am looking to purchase my first property in the next year. Ideally I would buy a condo I can live in and rent out a second bedroom, or live in for a few years and sell/rent. The problem is that I live in Oakla...
Help everyone! I have a scenario and I just don’t know what to do, I feel stuck.. I currently have 1 single family property that cash flows $1000 per month , the house could sell for around $500,000 and I owe $140,000...
So my dad is scheduled to retire December 31 2021. We have no idea about how retirement works and whats the best to withdraw and all that. Anyone know about taxes regarding TSP?
I see a lot of investors get excited about depreciation because property values usually go up, but investors can report they went down on their taxes.I am skeptical this is actually an advantage.For example, commercia...