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Good Afternoon,My girlfriend bought her first single family house this year in the middle of October. She renovated it over the winter months and has a lease signed starting March 1st. There were relatively signific...
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Most of the posts I'm reading are about people trying to buy short sells, so perhaps this is an opportunity for someone out there. But, I'm on the other end.
There are lots of foreclosures in the area so comparable h...
Forgive me for being new here and completely ignorant. I enjoy bigger pockets and decided to invest in real-estate figuring the best way to learn was to just jump right in as I often hear in the podcasts. So not knowi...
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Planning to try my hand at Airbnb arbitrage. I have never owned or been a host/landlord and am itching to get in the business. Due to limited capital I’m planning to give Airbnb arbitrage a go. The strategy is to sign...
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Hello!TL:DR What income do loan officers look at? Total, Adjusted Gross, or Taxable Income?More in-depth: Should I file as sole-proprietor and reduce my tax liability by reducing my adjusted gross income (pays more SE...
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Hi everyone! So we just bought our first vacation rental in January and went live on airbnb in March and we are doing so well we think we can use the money we made over the spring and high season this summer for a dow...
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Does none know if there is n income level at which you are not allowed to take tax deductions fom RE? Ex. If you are a high income W2 employee and want to start investing in RE. How does he 86 tax law effect you? Can...
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This is a hypothetical situation. Billy has a day job earning $100,000 per year in California. He wants to build a real estate empire in his local market as the king of residential real estate (1-4 units). What value ...
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I purchased 2 distressed duplexes next door to each other in the Seattle Tacoma area, initially with the intent of fixing and flipping them. I already had a BRRRR duplex that I purchased a few months prior and was be...
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I'm having a difficult time calculating tax gain/loss from a property sale and was wondering if someone could help me with calculations.Purchased Home in 2005 for $145500Converted personal home to a rental property in...