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So, I scoured the forms, and I couldn't find anything on this. I would appreciate any thoughts you guys could share.
My thesis is: for certain individuals interested in buy and hold, it could make more financial ...
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My question is Bp teaches you to use bank’s money. One of the purposes is to get tax breaks but don’t you still have to claim the profit of the cash flow you do get after your mortgage and bills are paid
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Hello BiggerPockets Community!
I hope this message finds you well. I'm currently exploring the possibility of applying for an FHA loan and had a couple of questions, and I'm eager to tap into the collective wisdom of...
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Hi BPI'm finishing up my first year as a vacation short term rental owner. I have a couple of tax questions that I want to familiarize myself with before I send everything to my CPA.I rent my property through VRBO/Hom...
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i found a great deal and i don't want to lose it. upon having a title search done here are the issues:
2008 bank files for foreclose
2011 owner later files for bk (has 2 homes only included 1 home and n...
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There is a provision for a 3.8% tax on real estate sold beginning in a couple years as part of health care bill! I did try to verify with snopes. It was confusing and only discussed in terms of owner occupied sale. Di...
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I've been thinking about getting my own real estate license so I can save more on properties I buy, including our own future primary residence. Does it financially make sense to carve out time from my schedule (evenin...
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I applied for a a HELOC with my credit union- the rep has been really "laid back"- that said I finally had the title company send me the docs to review prior to signing but here is what they offered: max amount allowe...
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I have recently listed my first rental unit (a LEGAL/permitted ADU in Utah.. many basement/in-law rentals here are definitely not legal/permitted) and am trying to pre-screen inquiries BEFORE scheduling showings with ...
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For those that are interested, see the new IRS Notice 2019-07 that was just released. After a quick skim (page 7), it looks like we finally have our guidance on possibly claiming the 20% QBI deduction on rental income...