Shaival Patel
STR and Sedona Az market
Hi,I am looking to invest in STR primarily to utilize Tax benefit but also secondarily to diversify. Based on my readings, it seems imperative to maintain Cash flow through STR. Any advice if Sedona is a location th...
Colin W.
Home Office Deduction - Sch. E or Sch C for Rental Property
For my rental properties I maintain a home office. Should this deduction be taken on Schedule E along with my other rental expenses? I ask because Turbo Tax lists the home office deduction on Schedule C.
Aaron Phillips
Seeking Advice on Retaining Information from Online Kentucky Real Estate Course (NKY)
Hey BiggerPockets community,
I'm currently diving into the Online Kentucky Real Estate Course (96-hours), and I've been diligently studying each unit. So far, I've been maintaining above an 80% on the quizzes that fo...
Sophie P.
GC Never pulled permit and now we're Red Flagged
We bought a house in Marin a few months ago, we had 5 contractors come out to bid on some minor kitchen work we wanted to do.
The General contractor we chose seemed honest, trustworthy and came highly recommended. Th...
Jason Pearson
Creating LLC prior to purchase of first property
I'm getting all my ducks in a row before I get started investing. First, I cant seem to find a search function on this website. So here goes my question.... Should I apply for an LLC before the purchase of my first ...
Dave Williamson
Buying a buy and hold in my LLC
Hey guys, beginner questions here:I'm shopping for my first buy and hold property and want it to be owned under my LLC. I currently have established an LLC and have my certificate of organization. The LLC is based in ...
Jim Webster
800+ Credit Score but Only Qualify for Low Loan Amount.
My wife and I both have 800+ credit scores (thanks Dave Ramsey). No debt besides a mortgage for less than 50% of our $300+K primary residence. (Thank again Dave) $90K combined income. Recently caught the REI bug a...
Michael Sanchez
Need some advice. Sell house or keep cash flow or....
Hi all,Quick background: I have a house that I am currently renting out. I still have a mortage on it. My mortgage/ins/taxes is $1200 but I am renting it out $1900 a month, so I am making a little cashflow.I plan on g...
Ed Chamberland
Bookkeeping for beginners
Looking for advice to get our books in order, so to speak. We now own 10 units - our first deal. Should we hire a local bookkeeper? Use a new app? Use property management software? Open to ideas. Thx
Nick Frey
Short term cap gains with income carryover losses
Short term cap gains basically get counted as income...you have $100k income and $100k short term cap gain, you basically have the same as $200k income.I've been very careful over the years and have tremendous carryov...