I've recently heard that if an investor files loss in his investment property in filling his tax, it will effect his next mortgage by impacting on debt/income ratio. For example: If you earn $10000 from your rental pr...
I understand that there are tax benefits to owning real estate, however what are some items I can give to my CPA so we can lower our taxable income? We made about 350k as a household in 2020 and I do not want to be st...
Making offers on rehab projects in Chicago. Need to get Builders Insurance/ Property insurance lined up. Anyone have recommendations or advice they can give me on this would be greatly appreciated?
Just read the article today that a judge in DeKalb county Georgia has extended the eviction moratorium for 60 more days. I have two properties in Clayton County and curious what savvy landlords do to hedge the losses ...
Probably not even worth a post, but if anyone had any ideas about getting a negotiator to call you faster, I'd love to hear those. or even if anyone has had success finding out what the bpo came back at - that too. An...
Is there a way to use investing in real estate to help offset someone's taxes? The scenario is a single member LLC filing as an S Corp. The tax burden is high, and I was wondering-if funding were not an issue-is there...
Hi All, This is my first post. My best friend who is a avid BP member suggested to reach out here for help. So here it goes....I bought first single family home (2000sqft) 2 yrs ago in Cedar Park, TX area during peak ...
Hi guys,I think I am starting to understand why Robert Kiyosaki always runs to buy a property when he has an income from his business.Please correct me if I am wrong in my example:Lets say a person makes 100K per year...
How many properties does a person need to hold to justificy 750 hours? For example if you own a two family house and rent both units it would be hard to justify that you worked 750 hours to maintain this. IRS does not...