Christine Cho
Tax Professional/Accountant for first year STR investor
Hello BP,I bought my first primary last year and used a portion of it for a full time AirBnb. We will buy another primary under husband's this year and move there. The plan is to purchase primary each year if possible...
Nick Cannon
Potential deal
Hi BP family,
This is my first post on here. I'm looking at my first potential fix and flip property and am looking for some guidance on how to secure funding. I can get it for 42k. It'll cost about 20k to fix up w a...
Phil Shelton
Exploring Rental Loss Write-Offs for Qualified Real Estate Professionals with $150K+
Can a qualified real estate professional with a W-2 income above $150,000 be allowed to write off rental losses on my tax returns?
Ben Feder
How much should we know about actual real estate to invest in it?
How much should we know about the physical aspect to real estate such as the structure, carpeting, walls, plumbing, style, etc. before investing? And how do we know about how to improve real estate (rehabbing) if we d...
Tyler Blackwell
Family member wants to bequeath house...easier to be on title?
Hey all,Let's consider a scenario: An older family member is moving to town and buying a house. This person will put a significant portion (50%) down, so there will be plenty of equity in the property. This family mem...
David Sisson
Dumb question(s) about investing profits / taxes
Hello, I'm a small business owner (my architecture business) and I also own a couple of investment properties. I hold one of these investment properties in an LLC (that I'm the sole owner of) and the other one my wife...
Jessie Huffey
Pulling equity out of a shared inherited property
Hi All,I am asking this question on behalf of my Mom. Last Year my grandma died and left her home (worth 2 million) as an inheritance in a trust for my mom and her brother. My mother personally took care of my grandmo...
Leslie Daffer
$40k capital gains?! Oof
About to sell primary for another primary for no other reason than to move up. Bought 1/30/21 for $422k. Projected sale price of $600k. After $24k commission & $12k in improvement expenses, we're looking at $142k ...
Monica Horn
NJ. Tenants had a break-up. Main breadwinner moved out.
New landlord here, due to inheriting my parents home. So I'm pretty "green" in all of this. Pls be kind.Have a 1 yr lease (drawn up by realtor) that is set to end Nov 1st. Unmarried male and female are on the lease...
Danny Woodson
does doing a sub2 reduce closing costs?
if i were to take control of a property doing a sub2 i wouldnt have to pay the first set of closing costs.so if i took control, and then put 15k of work into it and then sold it for a profit would that make sense?