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Hello fellow landlords. I have a tenant in TN that has been gradually building a pretty extensive garden in the backyard (property has a huge backyard) and transformed the garage into the green house, where they grow...
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Hi,I think I understand the difference between active and passive income. Passive income applies to most small landlords/owners as they collect rent from tenants. This also applies to investors who collect interest or...
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If I only have one or two rental properties, would IRS consider it an active trade or business so I can deduct Start up costs at least for $5000 ? Has anyone done the deduction in my situation? Thanks Nina
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Greeting BP Members,Is anyone out there actively investing in real estate while licensed by FINRA for their day job? Have you had any issues with your employer or FINRA when reporting the Outside Business Activity? I...
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https://www.wsj.com/articles/new-tax-law-may-encou...https://www.cnbc.com/2018/02/02/a-big-tax-break-co...How of this is applicable for rental property, if you are renting the whole house? Does this mean 20% of profit...
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Hi all,
Was just wondering about wholesaling without an llc/scorp. Is it ok to just use your name, and for how many wholesale transactions? I want to use profits for income first but I know taxes can be a pain (I'd l...
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Hi everyone,I'm new to BP and is trying to set up legal entities to start running rental property business. I did a couple studies but want to make sure I'm getting it correctly.For structuring the legal entities, it ...
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Real Estate Business
1. Real estate broker
2. Mortgage broker
3. Property manager
4. Asset manager
5. Syndicator
6. Fund manager
7. Appraiser
8. Wholesaler
9. Fix n flip
10. Builder/developer
11. STR arbitr...
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Hello, all.I am collaborating with a chief manager from an investment group on submitting a reconsideration letter for an EIDL loan. In their denial letter, the SBA stated that the business activity of the investment ...
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What mileage is deductible for a real estate investor who practices the BRRRR strategy, works from home, and travels back and forth to the properties. During the renovation stage, I drive back and forth between home a...