Bought a condo at a ski resort in CO in May 2022 for $510k. Put down 15%, borrowed the rest at 4%. Originally planned to move in, or at least use substantially, but life had other plans so have been listing on Airbnb....
I am seeking a couple properties and looking for ways to avoid capital gains. The costs of homes are too high to roll over money through 1031 exchange. What other ways are there to avoid the capital gains
I've read that a business owner can hire their children, then fund a Roth IRA for them since they have earned income. Are there any reasons this would be a bad idea?
Hi everyone,My name is Shane, I'm not necessarily new to the investing world as I've been lurking and educating for years now, but I am yet to make the leap of buying a first investment property. However, I think I'm ...
Hello all, how are you?
This is my first post at BiggerPockets. I have been browsing the forum for a few days, after reading a book on BRRRR. For me the concept of positive cash-flowing real estate (after servicing ...
I have been thinking about relocating either in California or Texas. I want make this decision based on which state and city is better suited for real estate investments. I want live in a city where I can expand my re...
I currently utilize a self-directed IRA. My IRA monies have been invested in a real estate project. I'm coming out of that investment soon and I now want to use those IRA monies for buying at trustee sales. This "Chec...
Hi everyone,I'm ironing out my investment strategy of purchasing multi-family rental properties, but I'm a bit stuck on choosing the location. In particular, before deciding on a city, I first want to decide on whethe...
so a member of my family has racked up a pretty good sized debt with the irs. i believe they got way behind on paying taxes for employees from their business. they cant afford to pay it off and the debt just keeps get...
I have a loss on a single rental property of about $3,500. Because my MAGI is $150k the loss is phased and I am not able to reduce my income by the loss. If that's the case should I not include all of the expenses t...