Has anyone financed a STR in the last few months? What rate & terms? Any recommendations on do’s and don’t s?
Just got word that the buyer for my first flip was approved by the bank and we'll be closing 12/9. I created a solo LLC that is owner of the house (may have just been a waste of money) but I was sure to try to keep al...
Okay, so I have done quite a bit of research and planning over the last 8 months. I already own a SFR, it was a home I previously lived in and did not sell due to the housing crash and has been a rental property for ...
Hi BP Community, I am searching and cannot find an answer to this so thought I would start a post and see if the BP community can help us navigate. My wife and I are looking to invest into Fundrise, an eReit, that inv...
Hello BP Folks,I have been recently hit by a complaint from the school board in cuyahoga county for my 4 unit rental property for an increase in property tax from 51k value to 173k valuation. I have the counter compla...
Hi Everyone,Looking for some advice on business structuring as I am currently under contract for my first investment property.Situation: My brother and I have decided to partner up and tackle real estate investing tog...
HELP OFFSET HIGH W2 INCOME! As the end of the year quickly approaches, I have maxed out my 401k and wife’s 401k and both IRAs. We have a primary residence and a Airbnb rental unit that we own and manage. We purchased ...
Currently have 3 rentals carrying legit losses on my tax return for a number of years now. I understand that this will be useful when I sell, in order to reduce my capital gains tax. It also reduces my AGI from my 9-5...
can someone explain how depreciation works in a nutshell, and how it helps your taxes?
Good evening, I am currently flipping a ~550 square foot house in a low income area. Population is ~50,000. Median household income ~$41,000. The house is a total gut with an entire new floorplan. I decided to go with...