I'll make it quick. My W2 income is >$550k/year, if I build an RV/Boat storage facility, will my storage business expenses/losses be able to reduce my W2 taxable income? Or do I have to have REPs status for this si...
I househacked a home for the last two years, and it is now a rental. I am selling it with seller financing because I recently transitioned to self employed and not able to get a HELOC for it since I've been self emplo...
Last summer there was a lot of discussion of how the Dallas city council was amending the city's housing ordinance. (See article for more details.)Now that the ordinance has been amended and is in effect, how is it im...
So, my CPA indicated that a 10301 really won't assist in deferring capital gains because capital gains are irrelevant when selling a short-term investment. His explanation is that the profit will be taxed as ordinary ...
Hi BP community,Newbie here - still have yet to buy my first REI deal - but I am currently in the process of selling our current home (3br 1.5 ba townhouse in Provo) via Homie.com. It seems like a pretty slick way to ...
Hi All - My husband and I are in the beginning phases of closing on our 2nd rental property in Seattle (Lynnwood 19 miles north to be exact). Pretty stoked about this. However, we're getting a bit worried due to al...
With the new passing of a bill called the Financial Choice Act, which scales back or eliminates many of the post-crisis banking rules under Dodd Frank, I wanted to know what other BP members thought about this topic, ...
First off, I want to appreciate every single one of you guys for giving me your time to share the types of books that provided positive impact on your lives. I’m a 19 year old who strives to provide an opportunity for...
I was wondering if anyone has had any issues with the TOPA laws in DC. For those who don't know, TOPA stands for the Tenant Opportunity to Purchase Act. This law gives the tenants of properties in Washington DC the fi...
Hey All-I'm wondering if anyone has any insight on permitting an illegal ADU/MIL unit and its impact on the resale value of the home. Looking at a place that has a very nice ADU but needs some work in order to make i...