Mel Craig
Good idea to buy home and renting 2 free and clear homes?
First time posting and need some advice on this topic:Currently, my parents (retired) own a house in Phoenix, AZ area that is free and clear that I am estimating worth $300k-$350k. I also own a free and clear home in...
Venkat Varad
Selling former primary home to LLC
I have a former primary SFH that is fully paid of and about to reach the 2/5 years rule. I have no plan of selling it. I want to convert it into an LLC to offset the capital gains. I was about to start an LLC, but few...
Jake E.
Refinance options for the self-employed? | BRRRR Approach
Hello BP!I'm curious if anyone has experience in getting a property refinanced as a self-employed individual. I'm currently seeking investment properties (SFH or possibly duplex) with the intension of paying cash (inc...
Kaaren Hall
Navigating the 2024 Self-Directed Roth IRA Changes: A Guide for Investors
Embracing New Opportunities in the New Year
As we transition into the new year, it's imperative for savvy investors to keep abreast of the evolving landscape surrounding retirement savings plans, especially when it c...
Maggie Wray
Data proves REITs are better than buying real estate?
This recent article in Forbes argues that Data proves REITs are better than buying real estate: https://www.forbes.com/sites/marcprosser/2017/07/1...I've been following Bigger Pockets and planning to buy my first rent...
Danny Nikolai
Three questions for my first 1031!
Hey BP community, I'm hoping to 1031 a property from California into a state with no income tax, and am planning on relocating most of my estate into this new state over time. I have three questions about completing t...
Andrey Y.
Significant Net "Losses" on Taxes despite Positive Cash Flow
I was just doing taxes for 2018 and have noted something peculiar, most of my properties I self-manage. So I do pay monthly PITI and HOA fees. Then there are repairs, occasional utilities, and of course depreciation d...
Samantha Kay
Maximizing Tax Benefits of an LLC
Newbie here!
We have a secondary home we plan to start to use as a STR next summer. The home is currently in our name and we have a conventional mortgage on it.
-For those with a house in your name, do you have ...
Jonathan Small
$25,000 Special Allowance for Rental Real Estate Activities With Active Participation
I am thankful and looking for feedback from our professional tax preparers. My wife and I don't qualify for real estate professional status. We make over 150k a yr. We have 5 rentals in seperate LLCs that have creat...
Morgan Burns
I have two rental properties (duplexes), is an LLC my next move?
I want to make taxes start working in my favor ASAP.
Thanks