This negative position can consume years of cash flow to recover.

We have found it for number years so the value of the property has went up plus I did an extensive rehab.I owe about 215 not counting the last rehab that was about 60 K out of pocket.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Going through a divorce and trying to decide whether to keep our rental properties or to sell them.

Let them know that you could purchase at XXXk, you would need a low interest rate for year 1 and 2, interest only.

@Rob Drum lease options to buy are not allowed in Texas, but Subject To or Wraps are allowed.

Hey Andrew, welcome to the community!

This year our goal is to payback our HELOC and 401K loans so we won't have the same level of expenses which will leave us with higher tax implications at the end of the year. 

I live in the Lancaster PA area.I am new to real estate investing and looking to connect with any local investor.

Your position won’t recover for 15 years.