Saajan Murali
How does one keep getting mortgages? Isn’t it capped on income ?
I see these podcasts where many talk about owning 50 , 100 or even 400 properties. I understand the total mortgage payment should be at 30% of salary and wonder how someone can get so many mortgages? Can anyone help m...
Troy F.
Does having an LLC allow you more tax write-offs?
I am considering opening an LLC. Currently I have 7 doors, 3 properties all in my name. I'd like to know if having an LLC allows you more tax write-offs than if I were to just keep the properties in my name. Thanks...
Cameron Loepker
House hacking a duplex
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Greenwood.
Purchase price: $190,000
Cash invested: $6,000
House hacking and currently renting opposite side for 1100, whil...
Robert H.
Re-compensated legal fees classified as interest income on 1099?
I realize this question is best answered by a tax professional but since it's the busy season, so far I can't find anyone (including calling the IRS and turbo tax live) and was hoping someone can give a simple answer ...
Wade Stahle
Can you profit from HOA fees if you're the owner
Can owners of the entire condominium get paid from HOA fees or do those legally have to all be kept for repairs?
Michael Kim
taxes on non-passive income using passive activity losses
is there any way I can use passive activity losses (from rentals) to offset non-passive income? There seems to be some suggestion that by becoming a real estate profession, there are ways you can do this, but I keep ...
Zaid Badabwan
Flippers salary or profit?
I am new in property flipping with two other partners. I would like to know if we should have salaries for our work? or wait until profit is realized at the end of the year? Is paying salaries reduces profit and there...
Nick Ysidron
New Member Introduction
Hello everyone! I'm new to BiggerPockets but very glad I found it. I'm looking to start building my rental portfolio and generate monthly cashflow to supplement my earned income.
Gaurav Nandola
Columbus City Tax Question
Hello,I live out of state, but bought a couple of properties in Columbus, OH last year. Do I need to file Columbus City Tax for IR-25? For last year, I have a rental income loss.It seems they want to charge tax on my ...
Dylan H.
High income earner options for REI
What are the high w2 earners doing to get started in REI? I see folks barely touching 100,000 earned annually securing financing. I am earning closer to 200,000 annually, is there anything I can do to leverage that in...