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I am looking to do a cash out refinance on a property that has a lot of equity into it. Probably gonna pull out $75K. What are the tax implications on a cash out? Is this taxed like a regular income, capital gains, etc?
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Do you have an AC guy service your unit regularly? How often and what does he do? Does he catch/prevent repairs before they happen?
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Newbie from Belgium relocating to the US on E2 visa in the coming months.I'm 43 with wife and 2 great kids. Looking to partner up to start buying - fixing - renting out and flipping properties.We have not set a locati...
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I am new to wholesaling I have been going hard at it for like 2 weeks. I have been driving for dollars by using this app called deal machine and I also send mail with Deal machine. I have also been using Zillow to fin...
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I have two rentals about 100k each and going to buy a third. I have been thinking about purchasing a Wyoming llc and have a Texas llc for every couple of properties be managed by Wyoming llc. Is this a good route for...
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Hey there,So I have a vacant commercial space that I've been trying to lease out. Normally, I only do NNN leases for our commercial tenants. Now I know that with these uncertain times, it might be a stretch to hope f...
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Hi folks, I'm looking for ways to offset the taxes that I will owe on W2 income. I came across the short term rental designation that allows for asset depreciation to offset W2 income. This combined with the 100% bonu...
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Hello BiggerPockets Community,
I'm embarking on an exciting journey to acquire and renovate a duplex from 1900, aiming to tackle the inherent challenges of outdated insulation and the lack of modern vapor and air bar...