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Bought a single family home for a flip $271000 cash last November. Planned on being in it less than a year so I put it into a LLC (that I started in 2015) for tax purposes. The LLC only holds the house. House is worth...
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Looking for anyone who has a duplex that is mix of STR & LTR and claim material participation for the STR side for the "STR loophole" to offset active W2 income? I recently had an email exchange with my CPA regard...
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Hi,If I have income and losses from different real estate activities (e.g rental loss and trust deed income), can the loss from rental business be offset against the income from trust deeds? If that matters, lets assu...
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Hello Bigger Pockets Readers. I am planning on asking this question to my tax attorney and tax adviser, but I wanted to get some feedback and ideas on here first. I am currently under contract on my first real estate...
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Hello BP community,
I am selling some properties to spend a-little more time w family and get ready for my next big move. I was thinking of taking advantage of compound interest. I never heard or saw anything about t...
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Hello BP, I'm new to real estate investing and I am interested in buy and holds. I was hoping someone could help me with what I should be looking for when researching markets to invest in? Any advice would be a big help!
If I claim 199A for my 4 properties, and claim them as a 'trade or biz' only for 199A purposes. Do I now owe Self Employment Tax on my net rental income (which was passive for me in the past)? I have seen both sides...
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Hello,I would like to get opinions from real estate agents or loan officers on which career they feel is best and why. What are some of the pros and cons of each career?Which career provides the best income or earning...
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My husband and I have an LLC for our general contracting company, whose sole client will be our flip business. I am thinking we need a separate LLC for the flip business, but should the flip business be the full owne...
Hi all, Newbie question: When using the discounted cash flow method for calculating the present value of all future cash flow of a potential investment, do I discount the figure for 'cash before taxes', 'cash after ta...