My accountant stated, “The losses incurred on the rental properties cannot be taken and will be carried forward as your income exceeds $150k, thus no losses can be taken against your ordinary W2 income.”I was really s...
Hey group looking for insight to attract some private funding, I have a opportunity for a 200 unit. Any with questions just ask away willing to share info.
I'm looking at purchasing some sfr or small multi families in the western New York area. Does anyone know the income tax rate an LLC would pay in New York State? Besides being able to write off expenses, and deprecia...
BP Family,Wanted to share some specifics of my journey of applying for Single Room Occupancy (SRO) and get some advice for my pending appeal.ApplicationBack in September 2019, I applied for a Use Permit for Single Roo...
I'll be calling them tomorrow, but curious if anyone has done that with them before? This would be on a currently cash flowing property with a long term renter in place already.
I'm so glad for BiggerPockets and the help we can get here. I'm in need of some guidance. My girlfriend and her husband got a divorce. The court ordered him to sell the property. Instead, he let it go into foreclosure...
HelloThis question is about structuring a specific deal. We have a house in Mt.Baker Seattle area which we have remodeled and is worth $650,000. We have a buyer whose credit has been damaged by the bank and they have ...
Hi my name is Felix,i am a newbie Real Estate Investor in the Hudson Valley NY. My interest is in fix and flip real estate.Looking for general contractors in the area.
This is kind of a follow up to a previous post regarding this property. 20 unit property...twelve 2/1’s and eight 1/1’s. Property is currently owned by my family’s estate and we have it under contract to purchase for ...
Hello,
I am really interested and excited to join the BP community!
My name is Michael Sadler. I have spent some time as a mortgage broker in Vancouver, British Columbia and in Edmonton, Alberta. I a...