A while back I posted my ideas about partnering up with my fathers company to create some equity by renting out units to the employees. Fast forward almost a year later and I took people advice and I'm not doing it. I...
I've been back and forth for about a month now on what to do... I'm 31 and rent in Venice, CA; one of the most expensive areas in LA. I'd like to buy and hold and build a portfolio of passive income. How do I do that?...
Working through information overload, cold feet & finding time syndrome here. An important question me and my wife have been wondering....So once YOU started buying homes to hold and rent & houses to flip, ho...
I've got a doozy here. If anyone has a good solution for this, I will be hugely grateful.My wife and I are currently the owner of an LLC with 30 doors across 6 properties. We've been approached by a buyer to purchas...
How are 1) cash flows and 2) any equity gains upon disposition treated in multifamily syndications? I've never been through one round-trip.My understanding is this: the cash flow distributions are not taxed because of...
Hello Invester Friends,I am living abroad in South Korea. I have two options and questions: 1. Upon completion of my teaching contract, I’d like to return to the U.S. to purchase a small multi family home in Buffalo o...
If my deductions are greater than the income generated from my property, how does that effect my tax liability?
Does it decrease the total amount of taxes owed? Or does my tax liability stay the same?
Hi BiggerPockets – I’m here hoping to foster new relationships and hear some of you guys’ tips, tricks, and advice.
A little about myself:
I’m originally from Des Moines, Iowa, born and raised, and moved to Los Ange...
If you do some maintenances on your rental property, such as fixing a clogged toilet, replacing a broken door, etc., can you count your own labor as expenses?
Thanks
Hello Everyone,I am new to bigger pockets and have recently graduated with a BA in Human Development from Washington State University and I have recently relocated back to Las Vegas where I am originally from and have...