There has been no previous occasion for this kind of downturn of economic activity. Recessions or severe economic slowdowns are usually caused by the exchange between economic and/or financial differences during the p...
Hello, I make a money through W2 as well as stock options. Right now my taxes are high, due to stocks. I am curious does depreciation of rental assests reduce the total taxable income? Thanks, Amby
Hi folks!I'm putting together a Capital Accumulation Comparison (a la What every real estate investor needs to know about cashflow...) and I'm wondering if anyone could explain the tax impact of loan amortization to m...
Hi Guys! I am new to the Bigger Pockets Family. But I am in great distress seeing how much taxes are deducted from my W2 income. I need help with understanding how to reduce my taxable income strategically through s...
I've been looking at some small multi family homes on the MLS in Chicago and it seems like a lot of the rents on there are below market. I assume that the rents are placed by the seller's agent and are accurate. So I ...
Hello BP,Who here plans to raise rents more than they normally would due to losses caused by either the national eviction ban or local ones? I've been fortunate to have kept my losses relatively low given the circums...
We had a gradual leak from a waterline under our floorboards in our primary residence. Long story short, we will be displaced for 2-3 months during remediation and I have a usable rental that my tenants won’t need d...
Hello all,So I have a Duplex property in a rough part of town. Originally I rented out my top unit in 2020 (3 bedrooms and 1 Bath) for $775.00. I didn't go too high because the area isn't all that great so I thought i...
I just came from my CPA's office where I was informed that there was a $25k loss limit for write-offs for a rental property. I Have spent the past year and $70k repairing and remodeling a 4-plex I bought in Jan 2016. ...
What's the best way to divest an apartment asset for an older owner who wants the best for their family is Option #11) hand down asset to children via a willOther options:2) Sell outright and pay taxes3) Exchange into...