Hello everyone, I am from Houston, TX, and new to BP. I hope to meet new and seasoned investors to learn as much as possible. I plan on leasing my primary residence and house hack into a new property for my family. I ...
What would you do to help reducing your taxes with your rental property income ? we have more income from our rental homes this year which is a good thing but other hand we will pay more taxes next year. Any thought. ?
Value-add in real estate is one of the most common strategies when it comes to investing in real estate. The concept is simple but if you’re not familiar, it’s going into a property that’s underperforming (rundown or ...
Hi BP Community, I am currently in the process of setting up SDIRA with Check book control to do my flips. The proceeds from the flips will be re-invested in syndication deals or move back to invest in stock market. I...
I have been lending funds to a close friend of mine for a rate of 8%. I got a 1099-INT from him to file my tax, which I paid a big portion out of 8% (effectively around 6% after paying the gov). Is there a better wa...
Hi all. I am looking for a real estate investment coach who either lives in Indianapolis and is well-versed in the market. My goal is to execute the BRRRR strategy for long-term rentals in Indianapolis, and I need som...
I am getting started with investing in BRRRR. I haven't found a property that I like to invest yet, but I want to identify the lenders, get pre-approved and get all the paperwork done and out of the way. That way, I w...
Hey BP Fam,
I just got off the phone with my CPA and it sound like me and my wife's effective tax rate will be upwards of 23%!! When I first started in real estate last, everyone made it sound like an incredible tax ...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $180,000
Cash invested: $37,413
Sale price: $325,000
Contributors:
Peter Vekselman
Partner Driv...