
19 January 2023 | 7 replies
No - the accumulated losses don't go specifically against the capital gain, but they do become deductible against ordinary income, despite their passive nature.

20 January 2023 | 4 replies
The tenant recently found there is a long crack in the kitchen extends to outside in the patio.

20 January 2023 | 2 replies
Even if I were able to carry losses forward, it can only be used to offset rental income, not ordinary income.

7 January 2021 | 14 replies
I'd rather be taxed at ordinary income levels starting right now than at capital gains once I actually realized the result of my investment anyways.

7 September 2021 | 15 replies
This investor had an outdoor shower and the created a private patio with a fire pit and other amenities around the trailer so folks had a great experience.Is there a market for this in your area?

31 August 2013 | 30 replies
I think it's because ordinary people with money got there by not being stupid with there money and if they are not familiar with RE investing they naturally shy away.

25 January 2023 | 6 replies
Just provide the Tenant with written instructions with accepted methods of payment, how to report maintenance, how to contact you for ordinary questions vs. emergencies, etc.

5 May 2021 | 0 replies
All work completed by me unless noted:Hand Built Cedar Fencing400sqft Stamped Concrete Patio - ContractorCovered Patio Exhaust Hood over StoveOver 2000sqft of 14mm Premium LaminateFloating Vanity and Plumbing to Master VanityGranite Counters in Kitchen and Bathrooms - ContractorElectrical Work Throughout HouseSmart Switches and Devices ThroughoutPainted Whole House In / OutSprinkler System Repairs and Upgrade to Smart Controller What made you interested in investing in this type of deal?

5 July 2018 | 5 replies
There are many CPAs here (including myself) that work with clients across the country, so you're likely to find one that's a great fit.I will mention that flipping homes are taxed at ordinary income rates rather than capital gains and are also subjected to the self employment tax.

12 January 2022 | 1 reply
Looking at buying a duplex, (second property) and writing off the depreciation on the propertyAs this would result in a loss for the year, I want to see if I can deduct it against my w2 ordinary income. https://www.biggerpockets.com/...This article is helpful, but I can't find anywhere where it talks about what is included in a "Real Estate Professional."