All Forum Posts by: Tiffany Smith

@Tatyana Shevnina  Thank you so much. Definitely great information on that link. I will get on it! 

Greetings BP Forum Members,

I am currently occupying my recently purchased first property. I have secured one tenant for renting out 1 of 3 available rooms and plan to rent out all remaining.

I have a very generic question regarding reporting the rental income. Does it classify as rental income or can it be disclosed as something else? I am completely unfamiliar with tax code and will be reporting the income for half of 2014 next year.

Any help is appreciated.

Tiffany

Thank you for the information @Paul Timmins !!

@Nereo Mendoza @Sara Cunningham @James Wise thank you all for the warm welcome and offers to connect!

Hi Everyone,

My name is Tiffany Smith and I writing from Washington, D.C. I am currently in the process of attempting to close on my first home (tentatively 7/14) in SE Washington, D.C. It's a 4 bedroom/3.5 bath built by a small developer in Marshall Heights. It's new construction and I intend to rent out two of the rooms in the home so I am living for almost nothing.

My background is in Architecture and Construction. Worked for a large General Contractor in D.C. for 3 years and now work for a big 4 firm consulting with the federal government on capital projects/construction.

I am extremely interested in purchasing a multi-family (preferably 4-unit in C.H.A.S.E or Trinidad) in the next year before I head off to business school to generate some income while in school. 

Looking to make connections in D.C. and the rest of the world! Excited to join the BP family.