All Forum Posts by: Leo Cheng

Thanks, Tucker! I will be there, although can not make to this Nov. meeting.

Thank you! I will do some homework first, before ask follow up questions:)

Hi all,

I moved to the city (overland park area) about one year ago. I am a beginner investor for real estate. I have a few properties down to Texas (where I moved from). New to this local market, I wonder whether buy and hold is a good strategies for this market (balanced between cash flow and appreciation for class A or B, I know cash flow is difficulty in general given today's real estate environment )? Also how about STR for the properties close to the KU medical center? (accommodate visit for medical reasons) or STR in general for this local market? I am trying to get a sense of what type of market is for Kansas city and surrounding area, and what strategies work well locally.

Thanks for any inputs or thoughts!

Ok, here you go.

If you deploy STR tax strategy to write off your W-2 income tax, what happens for tax if you were to use the property for long term rental, sell it, etc? Can you do the similar exchange if sell it? If so, does the exchange have to be another/other STR? What if you were to later do regular long term rental?

try to find a CPA to help with tax filing and tax plan/strategy

w-2 earner

currently have 1 property, plan to grow my real estate portfolio

question for long term lease, what to do if the income is above limit to claim for Rental Real Estate Loss Allowance?

brief description of the situation, my spose and I have full time w-2 incomes. We just rented out our previous house (on mortgage) to tenant (> 12 months term). Current home/primary residence is on mortgage too If we depreciate the property and add other expense, but our AGI is above the limit. We do not have other passive income. Any other options to claim this deduction to lower our tax?