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I recently bought a duplex in MN. This is my first house/investment. I plan on living in one side and renting the other out. The current tenants that live in the opposite side I’m moving in have lived there for 5 year...
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I wanted to take a moment and introduce myself to the BiggerPockets community. My name is Beau Wilson, I'm a 33 year old entrepreneur - Married with 2 little ones (not a dating website I know just seems normal to shar...
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Hey BP!
Just wanted to introduce myself on here. My name is Larry, I'm 26 years old and am married. My wife and I have a 14 month old son. We are in the position now to consider investing, and my goal is to put my fa...
I am looking into doing rental properties and I have heard that there is a limit to how many rental properties you can own. I was told that one can only have 10 rental properties to there name. Is this true?ThanksAshn...
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Hey guys, it's Jason Chang here again. Quinton Slay's thread inspired me to make my own little thread about my personal life in regards to my husband not "getting the bigger picture" when it comes to real estate.So I ...
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Hi all,
I am looking for an accountant who has some specialty in real estate because I want to make sure my wife and I take advantage of all the tax benefits of our real estate investment. I have a pretty straightfor...
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Do both spouses need to obtain real estate professional status to receive the tax benefit?
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $55,000
We purchased over first house just before we got married in 2006. We were kids (21 and 18) and didn’t want to r...
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Hypothetical question: A married couple, Jim and Maria. Maria is a professional who earns $750,000/yr in W2 income. Jim takes notice, and thinks to himself: maybe I should quit my job to become a real estate professio...
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Hello All!My question is regarding the capital gains write off for an owner occupied residence. I understand that it is 500k for a married couple. My wife and I have lived in this residence for 1.5 years but have just...