Kenneth P Ford
Cash Flow Average
18 November 2024 | 2 replies
I don't think a mean and median would really be that helpful unless you were classifying them separately into A, B, C, and D areas, as well as similar beds and baths.
Tarek Emam
Joe Asamoah - Course Review
19 November 2024 | 6 replies
I've never heard of him so I am not sure he can be classified as renowned and respectable, but saying that makes it sound like this is a reverse troll ad for the company and now VAs are going to come in to say how good it is so we will keep an eye out for that.If this is real, why do you think you need to pay for this class right now?
Karl Kauper
Cleveland / Euclid Property Managers
18 November 2024 | 14 replies
Post it in the Classified and you'll get all the Cleveland PM's reaching out to you.
Jessica Howell
Funding LLC's, deposits and draws
19 November 2024 | 12 replies
You want to properly classify transactions such as Contributions/distributions if they are between the entity and the owner itself.If the entities are not direct owners, you have have a Due to / Due From to properly keep track of money owed between the entities.Best of luck!
Matt R.
Bitcoin is 10k again what are you going to do now?
5 December 2024 | 554 replies
However, at the moment, the IRS and the government has classified it as property.
John Davey
Tax Loss AGI +150k
13 November 2024 | 8 replies
If your adjusted gross income (AGI) exceeds $150K and you are not classified as a real estate professional, passive losses from rental properties cannot be used to offset your earned income.
Grace Hartman
Help with closing terms for rental purchase
12 November 2024 | 6 replies
Is there any recommendations for how to work around this or structure the agreement to have the seller pay for the sewer without it being classified as a credit?
Priti Ag
Active/passive income and MTRs
8 November 2024 | 4 replies
I am looking to understand if there is a way to make MTR income/losses classified as active income (rather than passive) when you do not have REPS status?
Michele S.
How to finance a future Padsplit??
13 November 2024 | 15 replies
Its still definitely a grey area and DSCR Lenders are different - but typically anything rented by the room (classified as "SRO" or "Single Room Occupancy") is an ineligible property type.
Scott Trench
REPS And Active Losses and Gains
16 November 2024 | 21 replies
Evan, looks like maybe what your referring to is that any personal property is classified as sec 1245 so the recapture on that portion is taxed as ordinary income (and rest of property is taxed differently).