I have been lurking for a few years here, and have posted a question from time to time, but am closer to being serious about this whole thing. Here is my situation: I have a 40 hour / wk work schedule that is not de...

This is the most basic budget question.  My wife and I use Mint.com to track our finances and we just finished sitting down and looking at our spending for the year.  This gives a really good place to start for a budg...

Hi all.  I'm a bit confused on this issue as I read about depreciation recapture being taxed as "ordinary income" then I see mentions of a "flat 25% rate".  I have a 3 part questions:- So will the rate depend on your ...

I currently have student loans that the payment is based off of income(AGI). If I were to put my properties into LLCs that report up to a C corp where profits stayed and could be used to buy more properties, would tha...

I’ve reached a point in my career where my earned income is flowing a bit easier and more than my family really needs to live comfortably. First world problem fortunately.I’ve hit a crossroads and need to decide what ...

Hi folks, I'm looking for ways to offset the taxes that I will owe on W2 income. I came across the short term rental designation that allows for asset depreciation to offset W2 income. This combined with the 100% bonu...

Greetings! My Dad told me to check you guys out! I'm 24 years old, and we are moving from Longview, WA to Dallas, TX, and am unsure about what to do about my recently acquired duplex property. I purchased the duplex i...

Hello,
I owed a condo in FL, it’s a 2/2 , bought it for $143,000 1.5 years ago. Our current mortgage is $749 + 314 of HOA a total of $1063 per month, our rate was 3.0% fixed for 30 years. The rents are going for $180...

Hi Big Pockets - especially those of you in Ontario, We have a SFR in the States and when we returned to Canada (Ontario) we bought a house in London with an income suite that we rent out. Now we want to buy a multifa...

I'm interested in getting started with commercial loans/private money and I'd like to go into the meeting with enough information to satisfy the lenders. I have an LLC with two properties, one that has been rented for...