In 2023 my five properties across two single-member LLC's had 7 tenants just decide not to pay rent, and 3 roofs had to be replaced.  Thank goodness for tax deductions, right?  Before I was in real estate my business ...

I spent a long time looking for an existing thread on this but could not find one. I have been a reader for a long time and this is the first time I have created a thread because every other time I have found one. Her...

Not going into detail but I am going to be making as much as 7 figures next year and the following years will be 7 figure minimum. Eventually multiple 7 figures which is very possible my company. I want to play this o...

Recently, in the case Birdsong, doctor's wife demonstrated that she actively and extensively managed their rental properties and was therefore a “real estate professional”. RE professional is not limited by the passi...

I know this is the millionth post about LLCs. I've talked to two investors in California and they said if a property is in an LLC, your heirs (my kids) would lose the step up basis. For example: if I bought a house in...

I’m a little confused on what happens when your rental breaks even and you do tax breaks or write offs for maintenance , travel, etc. Does nothing happen or you don’t get anything since the property is not generating ...

I bought the house in 2013 and lived in it for 1.5 years. I moved out and rented the house out for 3.5 years. I just moved back into the house. If I go to sell it in 2-4 years, will any portion of the property sale be...

Hey BiggerPockets,I have retirement money in a few places but they are mostly stock based.  Lately stocks have not been performing that well.  In an effort to diversify I would like to invest in real estate.  Turnkey ...

Hey everyone! I am in the process of closing on my first flip! My partner and I could not be more excited! I would love to engage in a discussion with anyone who has flipped houses, and how your experience has been? D...

I was just reading on another thread about the old debate of how many LLC's do you need? Just one? One per property? Somewhere in between? The idea is to segregate silos of liability exposure. That's fine, I don'...