![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/740939/small_1621496481-avatar-cameronm588.jpg?twic=v1/output=image&v=2)
I have done some searching, but I did not find the answer I was looking for on this topic. Lets just say I decide to set aside $300/month for 12 months and I show it as an expense on the P&L. Now it is tax time! I...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/135469/small_1694561652-avatar-ausman.jpg?twic=v1/output=image&v=2)
Could a long term lease could be written as a series of short term leases (less than 30 days), and thus qualify income from the rental as "Active" and thus allow the tax filer to file as a "real estate professional"?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2039335/small_1631239850-avatar-yoselinp.jpg?twic=v1/output=image&v=2)
Hi there!
I'm a new investor just beginning my path to early retirement (woo!). I haven't purchased my first property, but I have saved up enough to finally consider buying.
I live and work in the Los Angeles / Oran...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/381566/small_1621447978-avatar-mattmotil.jpg?twic=v1/output=image&v=2)
I have searched for a while before posing this question, but couldn't find exactly what I was looking for.I recently put my latest flipping project under contract and have been going back and forth on whether to keep ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1637216/small_1694899981-avatar-christophera230.jpg?twic=v1/output=image&v=2)
I am interested in knowing what members (investors) think about "IRA/LLC or Checkbook IRA" and the best institutions in the business they have dealt with in the past. Much of the information out there are from the ins...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/4738/small_1621347135-avatar-barnardinc.jpg?twic=v1/output=image&v=2)
I have a problem and would love to hear some opinions on this.
Here is the scenario: a $1.5M tax exposure (net profits on sale of property) and a lack of desire to pay Uncle S. and CA 50% of that ($750k).
So the ques...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/145029/small_1621419275-avatar-turtle.jpg?twic=v1/output=image&v=2)
I realize there is no sure fire way to guarantee a lender will agree to a short sale and in a lot of cases it seems to come down to "the bottom line", will it be it more profitable; or should I say less costly; tha...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1215269/small_1696369476-avatar-gerich.jpg?twic=v1/output=image&v=2)
Hello all,
I'm wondering whether my situation is outside of the realm of financing possibilities, even creative ones.....
My wife has had a small rental in NJ for 10+ years. She has refinanced so we are looking at...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2917455/small_1721656082-avatar-danielm1557.jpg?twic=v1/output=image&v=2)
I’m considering cashing out my 401(k) and IRA funds to invest in more real estate and would appreciate any advice or insights on whether this idea is viable.
Current Financial Situation:
Significant savings in 401(k...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/385250/small_1621448220-avatar-stinger32.jpg?twic=v1/output=image&v=2)
Without outside investors (rare) how does one overcome debt to income ratios without paying in full for a properties? I have set a goal is to acquire 5 single family properties within the next 10 years. I have my firs...