Deepti Mikki
Real estate professional
Hi Folks, Looking for advise. I qualify as real estate professional. We have K1 loss from passive investment from last year. Can we offset my spouse's W2 income using the K1 PASSIVE loss? TIA
Grant Huggins
Strategy for short term hold of rehab property
I am currently rehabbing a SFR that I intend to flip. Purchased in mid-January, should be completed 1 July or so. I want to avoid short-term capital gains by holding at least a year. What is the best strategy, as our ...
Donavon Davies
Real Estate in "South" Florida
Just wanted to say Hi to all!I've posted on a few of the forums and I realized I didn't do my introduce myself to the community. My name is Donavon Davies, and I'm here in the unincorporated area just west of West Pal...
Account Closed
Are investors keeping prices down?
We all stress when we flip properties to buy as low as possible, do the work right, and then price 10% (or whatever your prefer) under the competition on the market. If investors continue to do this, we will be under...
Michael Guzik
Buy a car or house first?
Hey guys I'm 19 years old and work for a Real estate property management company in San Antonio. I make 25k a year and have a credit score of 720-725 depending on what score is used. I need to get a new car because m...
Tereal Wilsonn
Duplex metro Detroit
Please advise , on duplex
Asking price 90k
2 units currently rent for 775= 1550
Tenants pay all utilities
Annual taxes 2000
Homeowners insurance is 150 a mouth
This Duplex is in metro Detroit
This is my first...
Ben Kirchner
Claiming rental income, and taxed/recognized.
I'll be closing on my first rental property in January. Therefore, it won't be until next year that this will impact my taxes. I was curious to how people claim their rental income, and how it's taxed. Is it taxed ...
Eric Schwake
Thinking about rental properties using Self Directed IRA.
My first post to BP. Posted the same to Reddit but think there might be some different opinions here.I've currently got an IRA with Betterment that has around 180K. I've been looking at RE Investing as an option to g...
Michael Ealy
Why You Should NOT Buy Based on Actual Income of the Property
Real estate gurus teach: Only buy rental properties based on actuals (actual net operating income) not based on pro-forma (or projected net operating income).Although it sounds good and reasonable, after doing this si...
Kaleb Dutil
First Rental. Renting to travel nurses.
I am considering renting out my primary residence. It was a VA loan and at the end of October I will have been here one year. Which means I can move out and rent. I have a friend who owns multiple properties and rents...