James Smith
How to appear 100k Gift to invest in RE
Hello Folks,
I wanted to seek advise from the savvy investors here at Biggerpockets.
My father, who lives overseas, has 100k in US dollars that he would like to give me as a gift for me to invest in Real Estate. M...
J M
Is my condo still a primary residence if I rent it out for 12 months
I was wondering if I would be eligible for the $8000 tax credit if I:
1) purchase a condo now
Year #1: Live in the condo for one-year
Year #2: Rent the condo to someone else for one-year, while I finish Ph.D. work i...
Zubair Khan
method of payment
Hey everyone so I might be closing my first deal as an assignment so since its my first deal I really don't know what form of payment is best for me considering I'm young and don't have any tax deductions.
Alexis Dedrickson
Logging Hours
To be considered a real estate professional, you have to work a minumum of 750 hours a year and those hours have to be more then any other job you have. How exactly do you log hours? I was told there is a list compris...
Jimmy H.
Steps to Properly Form and Maintain a LLC
I am wanting to form a LLC, I do not feel the need to pay a lawyer with all of the info available on the internet today - but much of it is not reliable and I have not found a definitive resource with this info clearl...
Bryan Hancock
Salary/Dividend Split - How Does It Impact Social Security Eligibility?
If one sets up a LLC and takes a salary/dividend split via their LLC does all of the money get counted to determine eligibility to continue to receive social security payments? Or....does just the salary portion get ...
David Robertson
Hiring a laborer for first rehab-what do I need to do?
My younger brother will likely be doing some of the general labor around my first rehab project. He is going to likely be using some of his hours towards his internship program at school to graduate. I'm curious, wh...
Nicole W.
New member: G'day from Australia
Hi All.... very happy to have found this great forum. Plan to learn and share plenty with you all.
My name is Nicole, from Melbourne, Australia. Married with 3 children, aged 22, 20 and 10. My husband, Peter and I...
Jason Barnett
Property Analysis or "Is this a good deal?"
This question has been asked so many times that I have decided to write up a crash course in analyzing financial statements. You don't need to be a financial wiz to invest in real estate, but you really need to under...
Roy Williams
Real Estate Professional - IRS Audit
Hi Folks,
Our friends at the IRS are auditing my 2009 return, mostly because of my real estate professional designation.
I have a full time job and the rentals take up all of the rest of my time and I easily spend mo...