Ping G.
Can rental loss be used to deduct agent commission in LLC?
Hello,Really appreciate advice on the two question below:1. I currently own a LLC with my husband, which has an rental property. I just became a real estate agent. Can I Can I perform real estate agent activities unde...
Edward Salazar
How to Handle My Mobile Homes Rental Income?
Hello everyone and thanks for any feedback. This year i bought and renovated a few mobile homes in FL under the same LLC and already rented them out. The income is coming in to the LLC's bank account. My questions are...
Stuart Marshall
Milwaukee low income Rentals
Greetings, I am looking for guidance on low income rentals in Milwaukee, WI. I own 2 duplexes and they have been listed with a local Prop. mang. co. for 4-5 months with success in filling them. These were my first "...
Carlton Wood
$25,000 Offset Question???
What’s up BP!!! Have a question about the $25,000 offset I’m hoping someone could answer for me. To be clear I’m referring to the up to $25,000 in passive losses that the IRS allows you to offset your earned income by...
Noah Norton
College Education and Early Career
Hello. To put my question in simplest terms, would it be possible to not attend college, but to instead find the same textbooks that would be used in a specific college class, and study them, hence learning everything...
Angie Menegay
Debt to Income Ratio with S-Corp Loss
Hi,
Does anyone know how lenders factor in S-Corp loss for DTI ratio calculation? Do they take the loss, divide by 12, and add it to the debt portion of the ratio?
My apologies in advance if this has been asked befo...
Neil Polehn
How do I use my 401K to buy real estate?
Hello All!I have a traditional 401K with Fidelity from my old company, Cisco Systems, that I retired from. I don't want to pay income tax for withdrawing the funds (700K) and don't need the income from it, but I woul...
Mike Percy
Avoiding self-employment taxes on LLC rental income
Hello Bigger Pockets community,I am looking into the possibility of investing out-of-state in a buy-and-hold rental property for passive rental income. I am considering a structure of holding the title in a land trust...
Jorge Vazquez
What are the most significant advantages of buying rentals?
The first one is passive income. Perhaps the most significant benefit of owning rental properties is the passive income you get because your involvement is very little, and you continue getting that cash flow monthly....
Brandt Tingen
Self-Employed Owner-Occupant 2-4 Unit Loans
Hi All,FHA loans are great for owner-occupants with a W2 job, but can be prohibitively restrictive for those who are self-employed or run small businesses. Have a borrower with excellent credit, cash reserves, track ...