Account Closed
Tax Savings as a High-Earning Dual Income W2 Family ($300k / yr)
“Wealthy people buy real estate.” I realize I’m fortunate enough to count myself among them. These supposed tax savings though… where are they?
My wife and I are fortunate enough to have two W2 jobs making ~$150k /...
Ryan H.
Tax-Deductible Expenses for General REI Activities
Hello,
I own one rental property and report income and expenses related to that property on schedule E. However, I also have other expenses in connection with general real estate investment activities (not connecte...
Albert Muldowney
Why Conduct Regular Inspections on Your Rental Properties?
Hey Bigger Pockets Family!
Protecting the value of your property is essential. Here are two reasons why it is a good idea to conduct regular inspections of your rental properties.
#1 Verify that no illegal activity ...
Courtney Smith
Are there any good RE agents in NY?
Willing to invest in multifamily properties in NY area, preferrably within Newburgh, NY. If anyone has a good RE agent, lender, and RE lawyer, please send info my way or PM me. It would be my first investment property.
Nicholas A.
Deducting Travel While Searching for Properties
Hello,
I recently listed my first Airbnb through a house-hack. As of today, we have 0 reviews, 9 days on the platform, have not received our first guests, and have $2,500 in bookings! That is a great feeling. Three s...
Trevor Gardner
Company Structure for Multiple RE Investment Types
My wife and I are just getting started with our RE investments and want to structure ourselves the right way to begin with.
Our goal is to invest in short-term vacation rentals while flipping properties to build the ...
Joel Oh
I am hearing STR doesn't count toward REPS status.
Hello guys! I have a good W2 income as well as STR income.
2023 is the first year I thought I could qualify for RE status as I am working as the property manager, handyman... (750+ hours) man I worked hard!
Just fi...
Benjamin Sulka
Networking with Cleveland Investors
Hey BP! I've been doing a good deal of networking in my area but I want to meet more people that have real estate in their vision and goals! If you're in Cleveland, and you're a real estate investor, please connect. I...
Alex U.
Real estate professional status
Most people know about the STR RE professional loophole. If you are developing ground up construction and have another w2...would that qualify yours a RE professional?
AJ Smith
Solo 401k Eligibility
I have done some searching on solo 401k eligibility, I have a couple main questions. For context, i own several small multifamily units that i self manage without employees and am interested in tapping into the tax in...