It is my understanding that job loss would allow you to prorate the capital gains taxes on my residency. Is this only if I’m moving away or can it also be applied if I’m downsizing? Thank you
I have a trip coming up that will be mixed personal/business. We own a rental property in Charlotte, but I also have family in town that I will be visiting. How do I organize this trip to make the most of my deducti...
So this is the first year that I have not had a traditional job and w2 income to show at tax time as well we own 4 rental properties (one in which we live in one side of a duplex). We also did a short term rental on A...
I'm working with family that is in the wind-down/retirement phase of their real estate investment careers. They have been actively managing a few small mulitfamily homes for many years and no longer desire to be acti...
Hey BP,
In 2015 I started my LLC and I also have a full time job. My question is this...
If I spent money on marketing for REI can I write that off on my taxes this year?
Anyone able to shed some light on how you personally figure in the savings of interest expense and depreciation on your investment? I have heard a ton about cash flow, but there is the other great tax benefits, altho...
I’m a newbie here. Been listening to tons of the BP podcasts and I read a bunch of books. But my mind is somewhat simple. I’m having some trouble understanding a few things. My wife works full time, I recently walked ...
I have an opportunity to invest in a portfolio project in a midwest city by a guy who has a good track record in RE: hes a lawyer who flips, started a management company, wife is a RE agent and has maint/rep/plumbrs...
My wife and I are debating on taking out a HELOC on an investment property we own to purchase another property. My problem with this is that it's already too hard to cash flow as it is without adding an interest and p...
We run investor relations in house with our company - so I believe this adds another level of transparency when communicating with investors. So every month we have a member of our team reach out to investors to check...