Hello All, I have been doing some reading up on how to use 'excessive losses due to depreciation' and of course came across the Real Estate Professional Designation for tax purposes. This is realated to buy-n-hold ren...
I see that this has been discussed with real estate, but not much discussion about buying and flipping mobile homes and what taxes will apply. I understand the year and a day holding period for real estate, but what ...
Since I've started investing in properties I have never used the cashflow to pay myself for anything. This is mainly since investing isn't my full time job and I don't need that income to survive. I would just let t...
Is anyone on BP investing with Arrived Homes?If so, what has your experience been? pros? cons?Thanks!
So, I'm a couple weeks away from closing on my first 4-unit and was wondering... "How am I going to pay myself?"
How do you initiate and record payment to yourself? Do you put yourself on payroll? Do you calculate yo...
I've been doing a lot of research on rental property tax accounting the past few days and am amazed (frustrated) at how many different answers I'm finding. For example:
1. Pre-rental expenses. On the one ha...
Hi BP world! I am looking to purchase my first residential multi-unit investment property, would prefer a tri-plex or 4-plex, but would be open to more units. I am located in the San Francisco Bay Area, and there is l...
im about ready to make my first investment. ive analyzed the market in the area im looking. checked into the economy, browsed houses in that area. ive also done many calculations on my financial situation to ensure i ...
I have bounced quite a few questions off this forum and thought I had a plan. Then, I spoke to my lawyer and accountant and the plan might be out the window. I relocated from NY to Tampa, sold the house in NY and want...
Hi BP,2 months, I traveled to Vancouver, Canada and I noticed a lot of real estate activities going on. I been wondering as an invest from the US, what are the legal and tax implications of owning properties up there?