All Forum Posts by: Loic Assobmo

I have a question regarding taxation. For one of my properties, when I incorporate the losses (depreciation, insurance, tax, repairs) in comparison w/ my rental income, I get a net gain. I was under the impression that a net loss would allow me to deduct from my 9-5 salary from my profession. Is having a net positive revenue at the end of the year a common position for most investors to find themselves in? I have heard some say "If you're a real estate investor and you're paying taxes, you're not doing it right." What am I missing.

I have a question regarding taxation. For one of my properties, when I incorporate the net losses (depreciation, insurance, tax, repairs) in comparison w/ my rental income, I get a net gain. I was under the impression that a net loss would allow me to deduct from my 9-5 salary from my profession. Is this a common position for most investors to find themselves in? I have heard some say "If you're a realestate investor and you're paying taxes, youre not doing it right." What am I missing.

Hey yall can any one explain to me the taxation for LLCs. First, do folks use their home owners insurance as an alternative to LLCs? Which type of LLC entity is best for investors owning several rental properties. I know the benefits are in terms of asset protection, however, I am a bit confused how you pay yourself, as well as how you tax your income. Also, how do you apply your business deductions - pre or post taxation?