Michael Plaks
Another hog slaughtered by the Tax Court - are you the next one?
You know that pigs gets fat while hogs get slaughtered. The Tax Court once again illustrated this cliché in its recent decision in the Harrison v. Commissioner case (T.C. Summary Opinion 2022-6).
Nicole Harrison was ...
Jasraj Singh
Do you need to be a U.S citizen to rent or flip a property?
I want to invest in the U.S and just wanted to know that do you need to get U.S citizenship to rent or flip a property in the U.S? and can I get a mortgage or loan for investing in U.S without being a citizen there?
Agustin Figer
Whats your BEST advice for an extra $6k a month
Through God's blessings my wife and I are able to make an extra $6000/month after all of our life expenses are paid. Is there a part of real estate that my wife and I can put our extra income into monthly, maybe possi...
Shane X.
Need too be pointed the correct way
Hello everyone,
My name is Shane and I have had an intrest in real estate for quite sometime now. I'm 22 years old from new York. I can't seem to find the right book to help me get started so I found this website in ...
Leo Merchant
First time homebuyer
I am a 20 year old with big dreams, and have a few questions. In Canada and we have a first time homebuyers program from the government, where if you are a first time home buyer you can put down 5% on a property up to...
Troy Burgett
Active vs. Passive Income for Rentals
In the realm of real estate investing, the IRS sets guidelines to differentiate between active and passive participation for tax purposes. Understanding these rules is crucial as they impact how investors can deduct l...
Michael Plaks
Sch C reporting of installment sales for residential lot dealers
I usually answer, but now is my turn to ask.Dealers of residential lots are allowed to use installment sale method. If said dealer operates as an S-corp or partnership - reporting is fairly straightforward. But what i...
Account Closed
DTI after lease agreement from an LLC?
If I have a property that my spouse owns ( I am not on the deed), am I able to lease that property under an LLC that is owned by my holding company? LLC would conduct STR out of the property. For qualifying for future...
Nguyen Nguyen
Help with refinancing for a BRRR
Hi folks,I am in contract for a home to do my first BRRR. I am paying all cash since we weren't able to qualify for a conventional loan. DTI is too high since I have 2 mortgages right now. My income is decent.So my co...
Jasmine Claye
Help to understand cash flow
what is considered a good return on a rental investment?
I am considering a deal but not sure if the numbers are decent to even bother.
Purchase price: $50K
Yearly rental income: 15K
Yearly ...