I am in the process of buying my first property in the next few months and at 6 months in the longest. I talked to a rehab lender and everything seems to be pretty good once I get them money from some of my investors....
I am fairly new to the corporate/business world. I have started my S-corp ~1.5yrs ago. I have definitely seen the savings as I had been able to keep a lot more of my money and tax savings under this new corporate sche...
According to the latest statistics we have now reached the point in this country where 49.5% of the population pays zero income tax. I'm pretty good at math so I've come up with the number of 50.5% do pay some income ...
Hello BP,
I have a friend of mine who's enjoying his condo investment in Puerto Vallarta, beach front condo for ~100k USD. With short term rentals, he's making healthy returns. I have some cash set aside and was wo...
Hello, BiggerPockets Community!After weeks of combing through this site and becoming absolutely amazed with the insights and knowledge that you all have to offer, I figured now would be a great time to write one of th...
Hi there,
I'm unsure of the tax rules in USA but I'm familiar with them in Canada and I'm assuming they are similar with respect to depreciation (CCA in Canada). I'm relatively new (3 years) to the accounting world a...
I am a aspiring RE investor that just received my RE license. Between operating as a practicing agent and buying investment properties I know I need to form an LLC or incorporate. I have received advice for both strat...
Just had an offer accepted on a 4 plex in Phoenix, AZ. I work full time for a W-2. Using the rental property worksheet this property has some good cash flow. How do I get that cash without paying any income tax? Or...
I'm a relatively new investor in real estate. Did 1 deal 30 years ago but want to ramp it up again. I have $250 k to invest and My goal is to maximize passive income over time. If you had $250 k what approach would yo...
My cousin and I started a corporation, NBD Investments Inc., in order to do our investing through the company. We are about to open a bank account and build the credit.
My question is if we would be able to get a lo...