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Understanding Tax Advantages with Real Estate Investing
Real estate has long been a favored investment avenue due to its potential for appreciation, steady cash flow, and diversification benefits. Beyond these financial gains, savvy investors also benefit from various tax ...
Christian Drbal
spouse as LLC for tax benefits
I'm a full time W2 worker opening an REI LLC and want to ensure maximizing tax benefits for investment expenses under the LLC. I have my wife listed as 50% owner of the LLC as she is not employed. Does she need to b...
Brady Ascheman
Pay off mortgage or use leverage
Hi everyone. I was just curious your thoughts on the pros and cons of paying off mortgages early on investment properties vs using leverage and scaling to a larger amount of properties quicker.
Dan Krupa
Payoff mortgage early or not?
BP Pros:I have done a ton of research on paying off mortgages early. With interest rates at historic lows and given that early payoff return is equal to the interest payment, I see expansion as a better option. Additi...
John Morgan
Should I claim my wife as a real estate professional?
We have 25 SFR that I self manage. My wife retired a few years ago due to our strong RE cashflow. What are the advantages of claiming her as a real estate professional? We show a loss on the rentals due to depreciatio...
Theresa McGallicher
Short Term Rental Tax Question - Schedule C versus Schedule E
I have researched this topic extensively on Bigger Pockets and elsewhere and I am still struggling to understand the tax code.
I have a STR property that went into service in Jan 2022. I met the Material Participati...
Juliet Hawthorn
Looking for tax reduction strategies
Scenario: I buy 3 properties in an LLC and the properties are rented with a net income of $30,000 a year.I leave that money sitting in a bank in the name of the LLC. Each year I use the entire rental proceeds to reinv...
Michael Mikhail
Benefits of NO-DOC Loans for Multi-family Properties
If you’ve ever considered looking into purchasing real estate, it can almost be daunting to decide what time of property to purchase. The most common real estate investments are multi-family properties. These types of...
Junior Shay
What amount I can get with this credit report
Hello,
I’m still concerned with amount of finance that is possible for me to take out as a first loan. So based on your experiences and knowledge what is the max amount I can take? Im aiming for 650k loan. Could that...
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Real Estate Investor or Real Estate Entrepreneur?
In your own words, what's the difference between a real estate investor and a real estate entrepreneur?
P.S I googled but I would like to know from the BiggerPockets members perspective.