I own, and am listed as general manager of an LLC. I am the only member. I deposited personal funds in the LLC account. I used the account to fund the purchase of houses at foreclosure by a third party which then...
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A specific strategy could be property type based , something like SAY acquiring apartment complexes in New Mexico small town of between 12 -20 units; or method based like owning STRs in vacation markets. But should a...
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Hi, I've just started out investing in Real Estate in the past few months and I am House hacking a duplex. I do not qualify as a real estate professional, I have a W2 income of roughly 100k a year. Is there any tax be...
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I have just been made aware by tenants of my fraternity house that people that don't even live there will bring illegal drugs (not weed, much worse), supply them to a couple tenants and do them.
I do not tolerate th...
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I know STR income is treated as active by IRS (like a hotel) and I have S Corp. My accountant used form 8825 (rental real estate income for S Corp). Is this correct? I would have thought it should appear in a differen...
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In a perfect world I would be able to deduct my real estate losses against my very high W2 income. However, achieving "Real Estate Professional" status is not something I will be able to do in the near future.It has a...
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Hey All, I work as an engineer full-time, but I also work full time on my rental properties since I do all the work myself. I just bought a three family this year, and haven't been able to rent it since COVID, so i de...
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First, Thank you for your time in reading this and responding For anyone that got some experience in using the short-term rental loophole I got my first House Hack. I'm using the walk-out basement (900sqft) for mysel...
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I'm just curious about who's buying in this economy right now. Out of all the REI Instagram accounts I follow, it seems not a lot are actively buying. In fact, it seems a lot of people have turned to private money len...
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Ready to take on that first or next fix and flip? Before you roll up your sleeves and start swinging that hammer, there's something crucial you need to know: the hidden costs that can quietly sabotage your renovati...