All Forum Posts by: Loic Assobmo

@Natalie Kolodij

Thanks for clarifying. So just to be clear your net taxable obligations are based on sale price minus construction costs?

When we have done brrrs in the past - after acquisition - redoing carpeting, redoing windows, repainting etc. these expenses we itemized and then deducted against our net profits. Are you saying this is incorrect?

Thanks,

@Natalie Kolodij slightly different question - when you build new construction projects, is the construction budget deductible for tax purposes the same way that your rehab budget on a brrr can be deducted?

when you build new construction projects, is the construction budget deductible for tax purposes the same way that your rehab budget on a brrr can be deducted?

this is exactly my question. I believe that you can deduce up to 25k passive losses if you make under 100k. however from 100k - 150k that 25k phases out. But I am curious if there are work arounds that will allow non real estate professionals to get deductions irregardless of earned income? or if there is a unique way to qualify as a real estate professional even if you have a full time job.

@Michael Bishop so you’re saying you’re saying if one property has net positive and another one has net negative you can use that to offset the positive. I’m sorry please give an example so I can better understand.

@Brittany R. Really ? Can you please explain a little of how that works out? Are you able to claim losses over 50k?

so what happens if you have lots of passive losses on real estate - but your active income is over 150k? is there a way to still claim those loses if you are a full time employer in healthcare.

Has anyone had experience using gap funders for new constructions in ATL? Are these gap funders able to help cover closing fees if user if using a lender to fund other aspects of the project (lot purchase & rehab)

Question for seasoned investors with multiple units and mortgages through different companies. Is there an app or solution that allows you to pay all mortgages in one single portal?

@John Warren this is interesting to me. 1.So you’re saying commercial properties 8+ units can have more favorable terms than 3-4family? Never even considered those types of deals cause I assumed I didn’t have enough capital to put down 20%. 2. Could you give me a hypothetical scenario with made up numbers of what those kinds of deals would look like - money down and monthly mortgage? 3. And I’m assuming you’re referring to using commercial lenders right?