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Curious to hear everyone's thoughts on the proposed tax plan from Biden and its impact on multifamily, or real estate in general. A couple highlights from the proposal:#1 Elimination of bonus depreciation
#2 Eliminat...
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Hello real estate peopleI have a situation where this year i have to pay to the IRS on taxes..Situationmy AGI income is 160k....work In IT for a big corporationi have 9 houses, i maxed out the deductions...repairs, su...
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This question is very common and sounds very straightforward: as an investor, can I deduct my real estate education? Warning: you will not get clear answers from this post. Instead, you will likely get confused. Welco...
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Based on the current economy with rising taxes and a slow exodus, what would your investment strategy be and why? Is it still a good opportunity for rentals or should we be looking to get in and get out (flips) as fas...
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Hi, everyone! I am brand new to the world of real-estate. However, what I lack in experience, I make up for in passion, drive and work ethic. I’m currently reading The Book on Rental Property Investing and just upgrad...
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I am just wondering what your opinion is on getting your real estate license as a REI. I am working very closely with my realtor, but sometimes wonder if it would be easier to schedule my own showings as soon as prop...
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Hi BP family,
I am a relatively new real estate investor. I am about to get into a multi-family syndication as a passive(GP) investor. The minimum investment is $50K.
1. Is there anything specific I need to query/l...
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Hi everyone,
I'm Harish and I'm based out of Seattle and I'm new to real estate investing and am particularly interested in exploring turnkey properties preferably multifamily, especially out-of-state opportuniti...
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My goal other than Wholesale is to house hack via multifamily. I've been networking for some time now and a co-worker of mine noticed my "we buy houses" car magnet and told me about a property he and his girlfriend in...
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How did you find your CPA or tax professional?
If you haven't yet found a CPA or tax professional to help you save on your tax bill each year, would you want BP to help recommend a tax professional for you? We're ...