John Buchanan
Higher Wage Earner (+$150,000), use of depreciation schedule?
I'm new to real estate investing. our income exceeds $150,000 so write-offs of losses from my understanding cannot be taken in each year they occur. My question is regarding the IRS required Depreciation schedule. w...
Jeff Jacobs
Umbrellas vs. LCC for high wage W2 earners
Wondering if anyone has advice on this subject? As a high wage w2 earner, I have heard horror stories about wage garnishment in law suits. In my research, it seems the LLC, if managed and ran correctly, would provide ...
Felicia West
Help with understanding appreciate
Hi there! I’m a beginning investor and am trying to wrap my head around the tax benefits involved with real estate. My main question is regarding depreciation. My husband and I are high wage earners, so from what I...
Danny Webber
5 reasons the housing market has not crashed
Worth the read.
In a nutshell
1. firm underlying demand
2. limited supply
3. uneven impact of the virus on wage earners- lower wage earners were hit the hardest
4. the Cares Act- forbearance option
5. the $600 ...
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need help
looking for 100% ltv on a single owner occupied stated in massachusetts with 603 mid score.
Annette Hibbler
Are You Celebrating Your Financial Independence Day?
July 2, 1776 was the day the resolution to become free from Great Britain’s royal crown was passed. Two days later, it was publicly read in Philadelphia’s union square. Thus, July 4th has been designated a national...
Clarke Wegener
She's a high wage earner, I'm an investor. Tax issues?
Hello all. I have a question my fiancé and I have been mulling for a few months. We want to get married but neither of us are so enamored with the idea that we're willing to take a huge tax hit over it. But we just ar...
Mylie Na
Do I need to pay self-employment tax on my rental income
Hey, I and my husband both are w2 wage earners. We formed an LLC and have 3 properties under that LLC and earning rental income
My question, do we need to pay a self-employment tax on the rental income? We pay SS and...
Ada Tor
Are STR's worth it for a high-income earner?
I am considering venturing into the STR market chasing higher returns (gotta be honest!) after liquidating my long term rentals. My first "trial" STR would be my primary residence on days when I'm not home, which is a...
Matt Buchalski
Section 8 housing in Ft. Worth
Hi everyone,I am a fairly new member of BP. Im closing on my first SFR next week and I am looking to grab a couple more in the next 90 days. Does anyone on this board have experience with accepting S8 on their propert...