This question pertains to an investor who has limited income on w2. If after your write offs on your taxes you are at a loss on your rental property income ( the property has a mortgage) and the time comes where you a...
Hello, I would like to know the best strategy for someone who earns $23/hr in Illinois. Thank You!
I have a question about Real Estate Professional status as it pertains to taxes. I've been an investor for about 4 years since I moved out of my first home and rented it out. Since then, I have bought two more homes, ...
I have an upcoming vacation in which I'll be out of state for a week. If I happen to get a house under contract between now and then, and the closing date falls within the week I'll be out of state, can I legally have...
I got my tax return, schedule E and my property due to depreciation, took a loss. Not sure how to feel about this? See attached Supplemental Income and Loss, statement.
Hello everyone,Just wanted to start a thread on here that focuses on the jersey shore/central jersey area, as I dont see many that do. Looking to start and provide a network for any and all investors in the area, reg...
I just had a new 3 story porch installed on a 4-unit residential building for $18k. This included the cost of demolition / disposal of the old one and construction / materials of the new one.1. Can I expense the cost...
Was just wondering how many people in michigan close by to me there are on here I been a member for a while now and am kind of wanting to get a little meetup going to network with some close to home michigan investors...
I have been invested in multi-family for the past several years and looking for a new opportunity as costs in the Houston area apartments keep climbing and are hard to get. I have been looking into note investing and ...
Greetings BP family.
I am gearing up to turn around one of my rentals. Previous tenant notified me that he will be moving out-of-state soon. So I have a bit of time to plan and hone my screening process.
This will b...