Josh Garner
Ways to reduce tax liability on my cash flow
Hey BP! What are some ways I can reduce my tax liability on my rental property? After reviewing my taxes, I earned $26,400 in rental income on my property, and all expenses (mortgage interest, repairs, depreciation, i...
Karen Smith
Adapting to Higher Rates: How Private Money Lending Can Bridge the Gap
With interest rates on the rise, how have you adjusted your funding strategies? Are you finding more investors turning to private money lenders for quicker access to capital?
Chen Avnery
Seeking Advice: Achieving Better ROI Than the 1% Rule in Real Estate Investments
Hello all,
I'm seeking advice on achieving a higher ROI in real estate investments beyond the 1% rule and maintaining around 35% of monthly operational expenses (including Cap-ex, maintenance, property tax, and vacan...
Joe Wood
Reducing taxable income ideas
Hello everyone,Interested to see what are some good ways to increase deductions in order to reduce taxable income. I am already acquiring one more property, but looking to see if anyone has some creative ideas out there.
George Fejokwu
Student rental 10 months lease issues
Hello biggerpockets, I have had this $300 a month cash flowing student rental since last August. Great tenants! The problem is all three co-signing parents insisted on a 10 months lease. I was pressed to go ahead, sin...
Sheri R.
RENT AND REPORT OR NOT
I will be paying cash. He will live in the house alone. I will be paying the tax and insurance. Hopefully he will be able to reimburse me for my expense by making monthly payments to me. I am unsure whether I should r...
Jonathan Paz
1031 Exchange Question - Using Seller Credit on Replacement Prop
Hello. So I have a question and just wanted to make sure I am in the clear. I am doing a 1031 Exchange where I sold a condo property I owned free and clear for $144,357, whereby I netted $133K that my 1031 exchange ...
Prithvi Sri
How much value add is from raw land to land with approved plans?
There is a property of 8 acres costing around 3.5M (approx 10$ or less per sqft for the raw land). I am pitched by the developer that if we can get the approvals for 180k sft area warehouse on the plot (the land cost ...
Carlson Driver
Are expenses on short term rentals tax deductible
Say if we had a short term rental in Hawaii and were using a property manager to manage it for us which cost us ~$200/month. And we had to replace a dishwasher for $500 in 2021. Would the $2400 ($200 * 12) + $500 = $2...
Joseph Liechty
Using HELOC to pay off mortgage
Hello,Does anyone have experience using a HELOC to pay down a mortgage? I recently heard about this strategy and I'm intrigued. I don't understand how this is more beneficial than just paying more towards the princi...