Susanna Perenboom
Need advice for property #2
Need advice please!I’m a little stuck in my investing and need some thoughts from those more experienced. I am a veterinarian and did a ‘house hack’ last year with a single family home that has an attached ADU (the ho...
Robert Hastings
short term vs long term capital gains?
i invest in sub 50k homes.i bough a house for 25k in December of 2016. i have an offer for 59k. what should i expect to pay in capital gains if i sell for a 34k profit within one year (short term)?what should i expe...
David Tang
Immagrants as tenants
Hey BiggerPockets Community, Me and my wife are new to real estate and just recently bought a legal 2 + BSMT unit in Chicago. We were reached out to by a migrant housing group member asking if we would house a immigra...
Alik Levin
TurboTax, Schedule C, Wrong Federal Refund/Material Participation
Dear all!Hope your tax season going well.I am using TurboTax Self-Employed online to file my day job's W-2 and rental business taxes. I manage my properties through single member LLC.When I am at the Schedule C the lo...
Indrani Karmakar
Do you add early termination clause in rental lease?
First time renting a property, so please forgive me for asking basic questions. I looked into a few online lease documents and I can't find the early termination clause in any of those. So curious what other landlords...
Eric Selhorn
401K Vs Real Estate Investing for 20 Year Olds
Disclaimer: All investment strategies and investments involve risk of loss. Nothing discussed below should be construed as investment advice.
So, you’re in your 20s, have a job and are finally making some money on yo...
Tom V.
Tenants interested, smartmove not helpful. What would you do?
I have a couple interested in a unit. They did a smartmove credit check, and both came back with "Not enough info".They make well in excess of the rent, about 5 times. Verified income.But there's no credit cards, no l...
Luke Tetreault
Flip house options
We are fairly new to real estate investing and we have done multiple BRRRRs and just listed our first flip for sale. After doing more research and talking with our CPA, we will owe about $30,000 in capital gains tax. ...
Nick Am
Setting up a management S-corp for managing rental property owned by an LLC
I own a rental property through a single member LLC (say LLC-A) and I am in process of purchasing another property under the same LLC-A. Currently, I am self managing all the operations. LLC-A is a disregarded entity ...
Brad Gibson
Cashing Out Teacher Retirement -- Jump or Stay Safe?
I'm a new brand new Real Estate Investor. I did my very first deal this past month. Bought a SFR (4-2) with a tenant already installed and approximately $450 free cash flow before repairs and Capex. I'm banking all...