Berry Starnes
short term rental loophole question about existing rentals when purchasing
Question: If you were to purchase a STR to close in November and the seller negotiated that the buyer must honor existing rentals with the current rental company/property management until January of 2025…. 1- does thi...
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...
Angel Perez
Pre-Foreclosure Partnerships with homeowners/sellers
If taking over a property "subject to" what would be the Cons to simply having the homeowner transfer the property to an LLC which outlines the ownership percentages negotiated and having the homeowner be a partner in...
Brad Cornell
SEC Regulations When Working With Partners
Hey All!My wife and I became RE investors last June when we bought a 4-unit that we are house hacking. Since then I’ve been hunting for more deals like a mad man and educating myself through books, BP, and meetups. ...
Michael Nguyen
Buying my own property with a self-directed IRA.
Hello all,My name is Michael, and I am totally new to real estate investing. Although, I do own one rental property in CA.My long term goal is to acquire more rental properties and flipping houses. I have never flip...
Maurice Bunn
Is Real Estate a business or an Investment?
Would you consider buy and hold real estate a business or an investment? If yes, why? If no, why?
Thanks,
Maurice
Johnny Smith
Best way to take advantage of tax losses when you make over 150.
So i am hearing from a CPA that because my wife and I make over 150k per year, that I cant really take advantage of tax losses from my rental property. I can carry them forward, but it doesn't reduce my actual gross i...
Jonathan B.
STR Depreciation/Bonus Depreciation Question
Hi all, we bought a STR in 2022 for 380k, renovated it for 200k in 2023, and rented it out in July, August, September of 2023 with an average stay of just under 6 days. We’re changing our plan for the property in 2024...
Joanne Basecki
Another way to access funding 4 a small rehab?
So many lenders will not touch a small deal. Could this be a remedy and if not why not?
1. Assume there are 10 investors in the City X who purchased with their own money 10 properties. Each property has ARV significa...
Jason Gott
Partnerships and how to write the terms
Hello BP family,I'm pursuing a deal and have never used a partner before. He is bringing the cash and I found the deal. We will split 50/50 on cashflow and proceeds when we sell. This is a seller financing deal. W...