Alexander Spira
How to figure 750 hour to write off losses
I want to make sure I rack up 750 hours doing real estate this year to get my losses counted against my W2 earnings. I have 6 units and it is taking up lots of my time.
The question is what counts ? For example to se...
Austin Hughes
Zero deals & wildly successful.
I consider myself a huge success.&Yep, I still haven't done my first deal yet.Did any of you listen to the BP Podcast with Grant Cardone? In it, he said something profound. He said, "Success is not measured by com...
Jeffrey St.Laurent
Cash Out or HELOC loan?
Currently own a two family and a single family. I have enough saved to purchase another multifamily going the conventional loan route.I have considered doing a cash out refinance on my two family to leverage the rough...
Jacquelin Featchurs
LLP or LLC in Pennsylvania?
Hi, BP, it's my first time posting but I'm hoping to get input from anyone investing in the Pittsburgh area (or PA as a whole).My husband and I are just starting out and we're trying to decide on the best entity/struc...
Chris O'brien
Considering building a fourplex, how much could I expect to make
I live in a small town in Maryland that has a big shortage in apartments. I want to start out buy building a fourplex using 100% cash. I want to build 2br apartments which I expect to bring in $1,000/month. If ever...
John Richardson
40k Cash but no proof of income. Been working abroad for past 5 years
Well I'm moving back to the USA soon and would like to buy a fourplex for around 200k with a 20% down payment. However I have been living and working abroad for the past 5 years and have no proof of income in the USA...
Marc Beaulieu
What are the real benefits of an LLC
Every book I have read about buy and hold investing talks about forming an LLC as an essential part of your business. The line that is repeated over and over is that it protects you from a tenant suing you for everyth...
Luke Johnson
Taxes, Multi-Family Live-In, and LLC???
My wife and I bought our first property in June of 2021. We are househacking a triplex where we rent two units out and live in the 3rd unit while renovating. We are now looking to move on to our next property. A famil...
CB Browning
Cash flow calculations. Am I doing this correctly?
Hello everyone, I am new here, and am still trying to figure out whether investing in my area, southern New Jersey, is worth the trouble.Any help would be appreciated.My strategy is to acquire long term rentals on si...
Jenni Burke
Which Is Better? Sell owner-carry, or do a 1041 into STR?
I need perspective on which route is better from the vantage point of 1) tax liability and 2) maintaining long-term value in the Estate. A close family member is aging and wants to get rid of their office buildings, v...