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What are some creative ways to meet the requirements for claiming land as a farm for tax purposes, allowing me to deduct all related expenses?
Details: I recently purchased 10 acres with a house, barn, pond, etc. I...
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I found this multiple unit property today and am talking with the owner. The numbers look good for a buy and hold property for my portfolio.
Multiple Units:
1 - 2br/1ba fra...
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We would like to go into deals with one of our good friends One would be buy and hold/rent.One would be flip. It will be first time for me to partnering with others. Since there will be tax/ capital gain issues, it s...
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I know this general topic has been talked about ad nauseam but I couldn't find an old BP article on this specifically. I am about to purchase my second BRRR rental property and am looking to set up an LLC for it (putt...
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Hi BP community,
Turning to the pros here in OZ. As I mentioned in a previous post, we entered into a PSA with an affordable housing dev group. When the list came out from the state of all applicants we shook out ...
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Hello, I am looking at a large older house that is split into 3 apartments. There is a 1st floor 2 bedroom, 2nd floor 2 bedroom and 3rd floor 1 bedroom (due to 3rd floor being smaller).
On the 3rd floor there is a...
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BiggerPockets Family,
I am looking for a CPA that can grow with my family. If you know a qualified person, please let me know. They must have experience with real estate and military tax strategies and preferably in...
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I am in the middle of purchasing a duplex in order to house hack. Should I set up a LLC to collect the rent payments? or should I just collect them in my name?
Will the LLC give me any tax benefits or anything?
I p...
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Hi All, There are a few posts about this on the forum, wanted to get people's advice on forming an LLC. I am a W2 at a firm, also a real estate agent in NYC and live in NJ. Creating a real estate marketing/photography...
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Let’s say a private money lender gives me the money that allows me to purchase a house. While I am paying him the necessary interest, what would happen to my property and the money I have been paying him if the privat...