I am well aware of most of the tax benefits for an active REI or as the sponsor of a syndication, but are the tax benefits the same or different for a passive investor “member” of a syndication?
I am about to run a s...
I am currently under contract to purchase my first duplex. I am looking to start investing slowly and hope to acquire and fix up a few rental properties in the next couple of years. I would like to keep my personal f...
I'm looking for some expertise from STR landlords or accountants. I came into an extra $200K this year! The problem is it's going to be taxed as W-2 earnings. I only have long-term rentals and a full-time job so I co...
I remember someone telling me that the new tax code lets you write-off furniture that you buy for properties under the "hospitality" category (ie. short term rentals). Can someone point me in the right direction and e...
This is my first post on BP and I am mainly still in the education phase of my RE journey so I appreciate any advice.I am married, age 31 in a HCOL area, and have:No debt of any kind (paid off student loans, modest ve...
Investment Info:
Single-family residence buy & hold investment in Conway.
Purchase price: $75,000
Cash invested: $30,863
Purchased a 2000 sqft 3 bedroom 3 bath home that was flooded in July (owne...
I submitted an LOI to buy 2 duplexes in Hesperia, CA. I don’t like the purchase price, but the seller has agreed to carry a portion of it so I am not out of pocket any cash. Apologies if this is lengthy or complicat...
For the longest time we've been using a bank credit card that generates no rewards. (We do pay it off every month). Next year, we've set a target to take a family vacation to Hawaii during our cold North Dakota winte...
Hi All, This is my first post. My best friend who is a avid BP member suggested to reach out here for help. So here it goes....I bought first single family home (2000sqft) 2 yrs ago in Cedar Park, TX area during peak ...
So question - If you were getting a new credit card(s), which one(s) and why? Not interested in miles so much. Some points would be ok if they were significant enough. Just to use and pay off monthly. A friend of min...