Nick Wiget
MAGI and Active Real Estate Losses
I'm trying to understand whether Active real estate losses (Real Estate Professional) lowers MAGI. My understanding is these active losses will lower Adjusted Gross Income (line 11 of a 1040) but there's some confusin...
Mike Day
How do lenders count Airbnb income?
Anyone aware of the ins and outs of how Fannie Mae-backed conventional lenders count income from Airbnbs? Specifically, my question is whether you can acquire a short-term rental, then immediately turn around and use ...
Jonathan G.
Analyzing Potential Multi Family and Single Family Deals...
I am extremely new to investing and also to the BP community. First I would like to say hello to everyone and thanks for being a part of this forum.I have two questions.The first question is in regards to evaluating ...
Derek Boxdell
Analysis | Calc Review Assistance
**Reposting based on Davids suggestion... Thanks David!Hi Bigger Pockets!I'm new to the investment world and figured it was about time I come with my hat in hand asking for some help from the community (I've lurked fo...
George Rodriguez
Would this apartment 6 unit complex be a good deal
Wondering if this is a good deal if so need some help obtaining this propriety century point ln complex $549,000 6 Units | Multifamily | Get Financing Multifamily Property For Sale Price: $549,000 No. Units: Building...
Jesse Soriano
Do you pay taxes on net profit from a flip or the total price
When doing a flip 100% all cash. Do you pay taxes on the price you sell the house for. Or just in the money that you made profit on?Let say you bought a house for 30kSpent 20k on rehab And sold for 70kDo you get taxed...
Jack Rozema
Past and Future Short Term Rental Income
Two questions:
1. An agent recently sent me a P&L statement (it looked home-made on a word doc) from the seller, in addition to a "proof of income" from AirBnb/VRBO. The proof of income sheet from AirBnB looks le...
Chris Hicks
General Excise Tax on Rental Income Hawaii
Hello All, Just trying to get some clarification on why HI has a GET (General Excise Tax) on gross rent. I have searched around with no answers. I understand that you have to pay taxes on rental PROFIT. But HI char...
John Fitch
Rent out Paid Off Home or Finance a House to Rent?
So I have decided that I want to invest in real estate. But in order to get my wife on board she does not want to use any equity out of our Paid Off 1976 4-Bedroom 2-Bath 2100sqft Home in Kingwood, Tx. She likes the s...
Austin Davis
Correct way to evaluate a 4-plex?
I purchased my first properties off market not too long ago and pretty much made up my own way to evaluate them. Probably not the best decision as a newbie, but I think I did OK. I made a spreadsheet that subtracts ...