Michael Plaks
EXPLAINED: can I apply "STR loophole" strategy in December?
I'm writing this in December 2024, when every other question asked on the Bigger Pockets tax forum is about STRs. If you're not sure what the fuss is all about, read this older post first:https://www.biggerpockets.com...
Kate Zieverink McMinn
"I own 164859948 Doors"
If I own a duplex by myself, a 4 family with a partner, and a 12 unit syndication with 3 other people...
Do I own 18 doors?
Do I own 7 doors (2 + 2 + 3)?
Obviously ownership isn't split up this simply or evenly...
Megan Stone
REPS qualification questions
Im trying to breakdown some minor details of what exactly qualifies for REPS hours. I've received mixed answers1) 500 hour material participation--- Does travel to and from the property count? We live out of state and...
Alexander Spira
How to figure 750 hour to write off losses
I want to make sure I rack up 750 hours doing real estate this year to get my losses counted against my W2 earnings. I have 6 units and it is taking up lots of my time.
The question is what counts ? For example to se...
Andrew Syrios
Question regarding long term capital gains and depreciation
We are thinking of selling a couple houses we've owned for a few years and they will have fairly significant gains. We have a fairly large portfolio of other properties too though. Does the depreciation loss for those...
Anthony Del Russo
House Hacking Tax Deductions: Nitty Gritty
Hello BP!I am 3 months into my first SFH house hack (Going Great!) but am now trying to educate myself on further ways to be tax efficient.I understand how to calculate depreciation allowance on a house hack but was w...
Dalton Stanley
STR Rentals Negatively Impacting DTI Ratio
I have several short term rentals with positive cash flow well over the mortgage payment. When I go to purchase a primary residence on a conventional loan, my DTI ratio is too high because the bank won’t count the sho...
Clayton J.
Financing for ADU Los Angeles
Hello,I have a single family home in LA and I want to add a back ADU. I can most likely qualify for $70-80K but from my research I could really use around $150k. Do I have any other options than using a HELOC? 40-43% ...
Frank Mumford
What Qualifies as a bathroom
I have a tub, toilet, sink, and vented fan in a basement area that is closed off from the rest of basement. It is open to the storage area, utilities, washer and dryer. This space takes up half the basement and has ...
Michael S.
Do the 4 to 10 allowed mortgages include Primary?
I am looking for clarification on how my primary residence impacts my ability to max out the amount of loans I can take out. Regardless if I can do 4 or the maximum 10, is my primary, owner occupied residence (mortgag...