Ouafae Fathi
Real Estate Passive Activity Losses
I am realtor. We bought a house last year as a rental property. My spouse earns more than 150k. When filling tax return turbo Tax staff told him he can not deduct the losses ( expenses and depreciation) snice his inco...
Ellie Narie
Who is allowed to claim rental income?
If an unmarried couple wants to buy or build a fourplex, should both of them be on the deed? Who would be allowed to claim the rental income? Let's say one spouse works and earns money, and the other spouse doesn't wo...
Chris Allen
Utilizing Second Home Mortgage for STR's
I am engaged to be married, and my fiancé and I have talked about buying a second home with the 10% down and run it as a STR. My question is, if I were to purchase a second home with the 10% down in my own name prior ...
Joe Fermin
s corp vs llc
was wondering if anyone can give some insight as to which entity is best to form to transfer our properties to. is there any advantage of forming an s corp vs llc for this purpose? thank you for any info
Mike Kalob
Just Went to NJ Tax Lien Sale.. Not Worth It?
So I went to my first ever NJ Tax Lien Sale couple of weeks back...
ALL of the properties sold at pretty insane premiums.. please see below - tax lien amount on left, premium bid on right..
Tax Lien..............Win...
Bruce L.
Myth No. 2: A penny saved is a penny earned
So, I was browsing the Internet and found this article on Bankrate and since I know there are some wealthy BPers on this forum, I thought I would ask what your opinions are. I'm a saving and a believer of a pen...
Phil DuChamp
Looking to from LLC's
I'm looking to put a mortgaged property into an LLC via quit claim deed, I'd also like to form one to be invested in by a SDIRA.Does anyone have any recommendations?
Gregory D Coburn
Private loan structure (LOC model)
I am looking for some advice on structuring a private loan. I have an interested party that would like to invest $100k into my business ( I have not yet created a LLC, but plan to). I have discussed some standard te...
Ally Gao
US resident form LLC with foreign partner
Hi BP experts,
I am newbie from TX. I am planning to register a LLC with a friend who is a foreigner. I have a few questions and hoping to hear your expert advice.
1. Does my foreign partner need to apply ITIN for ...
Steven Bialecki
The #1 Tax Mistake Real Estate Investors Make
Hey BiggerPockets Community! 👋 Excited to be part of such a great network of investors!
I’ve been working with real estate financials for a while, and I keep seeing one mistake that costs investors thousands: poor bo...