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10 March 2017 | 1 reply
If I log the requisite 750 hours of real estate-related work a year and claim to be a professional investor, can I use my tax deductions from real estate to offset my spouse's ordinary income?
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15 August 2019 | 3 replies
@Derek LodaAre you fixing and flipping which will create ordinary income or are you rehabbing and renting?
11 March 2017 | 3 replies
I have been looking for apartments below 150 and from all of them found the below deal the best option but wanted feedback from the BP community.Here are the deal details :Purchase Price: $129,900 Bedrooms: 2Baths: 1 full, 1 halfBuilt in 1974HOA Fee: $228/moCooling: CentralHeating: Forced airLast sold: Mar 2016 for $105,000Taxes (2015): $1341/yrMaintenance incl: Water, Insurance, Trash and sewerFEATURESBasketball Court, Doorman, Elevator, Flooring: Tile, Garden, Patio, Pool, Porch, Tennis CourtDescription:The perfect investment property!
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14 March 2017 | 1 reply
I have a client who is qualified for $250,000 she's looking for a condo by the water in San Diego she doesn't mind if it's a one bedroom but would like two bedrooms, and a patio with lots of scenery the HOA's can't be any higher than 260.
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16 March 2017 | 12 replies
Have they said when the smoke or where the smoke is more noticeable, In a complex I managed a patio smokers fumes went right up and in the above units door.. it's hard to control, best to eliminate if possible.. any cigarette use in common areas is lease infraction, so no halls, laundry rooms, ect for that.
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23 March 2017 | 11 replies
I cant see why it seems out of the ordinary for a landlord to continue business as usual when the sale was based on a verbal contract.
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22 March 2017 | 4 replies
The proper tax treatment is to add your net rental income to your other ordinary income, then compute your taxes.
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25 March 2017 | 2 replies
Since you are generating "short term" or ordinary income, an S-Corp may be a good fit for your business.
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2 January 2019 | 18 replies
If you need quick cash, flipping is ok, but you will pay ordinary income tax on profits and the write offs are limited (no depreciation and the gov't treats you as a developer, not an investor).
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27 March 2017 | 6 replies
That seems to me like the best option since the fund returns are taxed as ordinary income.