Income tax: A foreign investor receiving rental income from U.S. real property must pay income tax. Usually, the rental income is considered effectively connected with a U.S. trade or business, and therefore, it is ta...
How ya doing, Bigger Pockets!
My fiancée, Elizabeth, and I are extremely excited to graduate with engineering degrees this April. I can’t wait to start building our wealth by investing our W-2 income in real estate. ...
Hi thereI am new to investing, looking at a SFH for my 1st rental property and trying to understand the tax benefits that are often spoken of on the podcasts. But, my CPA says that because my AGI is >$100,000, I am...
Just finished my 2016 taxes and I have about $30k in passive losses that I have to carryover. Besides buying better cash flowing properties in the future, are there any other ways to take advantage of passive losses?
Hey everyone, hoping to get some insight from this group regarding the RE Professional Tax benefit.
I see lots of articles claiming that I should be able to deduct rental losses against my husband’s W-2 income if I c...
Hello BP Family! I didnt really plan getting into Real Estate or investing. Bought my first house and had to move due to work. I currently have renters and was thinking what should I prepping for taxes this year?
Th...
Hi everyone,
I am high income earner making more than 500k per year with my W2 job, 40hour week. I am planning to build a business to replace my income in couple of years so as to have monthly cash flow equal to my ...
I'm buying a campground and for liability protection reasons I'm looking at holding the real estate in a single member LLC and Renting the real estate to another SMLLC that I also own that will run the campground oper...
https://www.marketwatch.com/st...
Higher maximum rate
The pre-election Biden
tax plan would raise the top individual federal income rate on ordinary
income and net short-term capital gains back to 39.6%, the to...
Hey community,
I'm sorry if this is a broad/dumb question.
I have a couple of SFHs and have been slowly growing my empire. My plan was to do a low leverage/safe strategy, and pay off the handful of SFHs in a few yea...