I am retired, no W2, but have pension and SSA INCOME.I HAVE RENTAL PROPERTIES W/ PM'S AND PASSIVE INCOME FROM DSTs AND SYNDICATIONS.Can I qualify for QBI?I consider RE INVESTING TO BE MY BUSINESS. Does the IRS?Cheers
what formulas do you use when evaluating a deal for the first time? the only one i know is to take ARV * .7 to get my max asking price (not including repair estimates)
Hello BP community
I'm curious if anyone else has come across this situation. I'm looking to purchase an investment property with my brother who lives in another state. We are looking at either AZ, FL or CA. I a...
I've sent out 2 months of direct mail to absentee owners with parameters such as >50% equity >2bdrms, etc. I've sent out 2250 letters and post cards and gotten 57 responses. That's a 2.5% response rate. I ha...
I’m a little cloudy on the specific tax Benifits you get from owning rental real estate. So please correct me if I’m wrong....I bought a 4 plex this year with a VA loan, it’s considered my primary residence. I don’t m...
Hey guys !I am currently looking at a property(sf) right now going for 750k the house was build 1931 on CBS and has a new roof . Although the property has a good bone it needs a big renovation (100k-200k) . The comps ...
HelloLooking at personal house and rentals and depreciation...I havent sold yet....I have a few rentals that I have been holding....when it comes to sell...how are you guys lowering taxes to the max?On depreciation......
Hello Fellow Newbies!I've been doing what all good newbies do when struggling to overcome analysis paralysis, namely reading books! And while doing so, the significance of some of the terms are starting to coalesce f...
Hello everyone,My name is Mikhil. I am very new to real estate investing and I am trying to learn as much as I can through the podcasts, forum posts, and books. I am currently looking for my first deal. I am trying to...
Using Round numbers Selling condo without realtor for $444,000 bought it at $144,000, $44,000 improvements, no mortgage, lived in first 5 years, rental for last 29 years.1) In order to have zero tax liability on gains...