Arthur Banks
Investing as a couple
For those of you who invest as a couple:
A) what are/were some of the challenges you face(d)?
B) Do you have separate attorneys?
C) Do you keep everything separate? (bank accounts, LLC's/Corps, etc.)
D) Anything els...
George Post
Newly Weds House Sale Capital Gains Exemption
Howdy my Tax Pro's!Let's say there is a couple. The guy has owned a house for 8 years, she's been living with him for over two years, then they get married this Winter. They are looking to sell that house and move thi...
Joe M.
Couple's first flip
Hi all,I’m new to Bigger Pockets and wanted to say hi. I’ve already had some great chats with members and it’s only been a week. I’m in a little bit of a different position here - I’m not an investor myself, but I’m a...
Brian C.
Rent to income ratio for roommates/couples?
I know 3:1 income to rent is the general rule, but what rule do you use for roommates or couples? If there are 2 roommates do you just require 3:1 total or do you require that they each make half of the ratio (1.5...
Shane Myers
Boyfriend and Girlfriend tenants...ugggghhhh
They want to use both incomes to qualify for the house and neither one by themselves make enough to rent. So if there is a breakup...then what. I know even a married couple can break up, and a single renter can fall o...
Austin N.
No Passive Loss Difference for Single or Married
From my research, it appears that a single individual can write-off $25k in passive losses for non-real estate professionals if their AGI is less than $100k. This benefit is phased out to 0 as income reaches $150k. I ...
Bill Hampton
IRS Announces 2018 Pension Plan Limits; 401k Contribution Limits
IRS Announces 2018 Pension Plan Limitations; 401(k) Contribution Limit Increases to $18,500 for 2018WASHINGTON — The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for...
Jerry Kisasonak
Man and Ex-Wife on Deed and the man died. Does the wife has 100% interest in the home and can she sell?
A friend of mine died, and his and his ex-wife are on the deed. Does she now have 100% interest in the home and can she sell it? Fortunately, she is a nice lady and I am in good communication with her. I just don't wa...
Virgilio Garcia
Married or not married?
Hello BP i have a question. on finance...i am single by the law but a spouse at home. My spouse and i both have excellent credit and have no personal debt. We will be looking forward to closing on a multifamily proper...
Ellie Narie
Who is allowed to claim rental income?
If an unmarried couple wants to buy or build a fourplex, should both of them be on the deed? Who would be allowed to claim the rental income? Let's say one spouse works and earns money, and the other spouse doesn't wo...