All Forum Posts by: Prashanth Ven

Have a property (new build) in North East SA, rented for a year & unable to rent for almost ~10 months now, selling in this market would incur > 100K loss as impossible to compete with builders. In unlikely scenario if it rents, will be cash-flow negative probably by 400-500. No option but to sell to stop hemorrhaging...

After selling can I deduct losses (including passive losses) against other capital gains or ordinary income by 3K?

Thanks.

Hi Experts,

Thinking of selling a rental investment that will probably be at a loss, it also had passive losses. Can I offset any of the below with these losses:

1) Short/long-term capital-gains from stock sale
2) W2 income

Thanks,
Prashanth.

Hello Experts, need advice on how to deal with this situation - a couple co-signed the lease, now the husband ended-up in jail for beating the wife, now wife has a restraining order on the husband but asking me to amend the lease to remove the husband from it & also state that husband is not allowed on the property. As a landlord can I amend the lease at will, suppose not but the lady has been incessant with her request, guy has not reached out. Any thoughts? Probably would need to consult a lawyer?

Thanks.