I'm trying to figure out the tax implications of the househacking method. I will be living in the basement of a property I just purchased and renting out the main house. Are there any differences from a tax perspectiv...
I am taking the Biggerpockets multifamily bootcamp and I am learning so much. There are four parts to any real estate business. Here are the positions of a real estate business:
Hunter (acquisitions)- market expert a...
Okay forgive me if this is a super junior question...We get all sorts of deductions from depreciation and whathaveyou... But if we hold the house in an LLC... doesn't money we take out of the LLC get taxed like income?
Who do you use for insurance carrier when house hacking? Do you carry separate Rental Dwelling Policy? Which carrier do you used for Commercial Umbrella Policy? Thanks in advanced.
Hello!I became an official Real Estate Investor in March 2023 when I decided to keep my primary (at the time) and turn it into a rental. Real Estate Investing was always where I saw myself ending up - it was always a ...
Hi BP!Do you guys have any advice on searching for 50-100 multi family homes in Ohio, Alabama, Texas, Tennessee or Florida besides loop net? Has anyone have luck with cold calling brokers across these states?
Hi Athens and BP family
My wife and I currently own several rental properties in Athens. All of them are under either my name or my wife's name. As such, we are wondering if anyone has experience to share that whethe...
I’ve been struggling to get the right answer in writing off investment property interest. I thought investment property mortgage interest was tax deductible. My tax guy is telling me it is not. Does anyone have any in...
This is my 5001st post on BP in just under 5 years of being a member of this community. So I thought I would take this time to reflect on all that has happened since then.Before BP – I worked a 50+ hour a week corpor...
Hi everyone,I am looking for feedback on the Residential Assisted Living Academy based out of Arizona. Has anyone taken this course and if so what is your take on the business model and the course itself?Thanks,Kyle