However, the credit is phased out if the taxpayer’s modified adjusted gross income (MAGI) is more than $100,000 and is completely lost for MAGI’s $150,000 and above.Real Estate investing and rental activity is quite common among the taxpayers as a secondary activity.

@Wei Jie Yang@James Wise1) I have never used them for property management.

@Wei Jie Yang.

Hello @Hong Yang,I am a realtor, and I would never advise my client to buy a house (or duplex) with a leaky basement without doing further investigation. 

If anyone has any tips on how to use the VA loan in NYC please don't be shy.Thank you all,Hong Yang

@Xiang Yang I use Tommy Schlosser with Amfam in Marietta.

If you cannot demonstrate material participation (or you are not a RE Professional), then you are limited to an annual $25k loss which is phased out at $100k MAGI if single, $150k if married filing joint.

Hung out w/ Leon Yang yesterday.

If the complex is in a very bad neighborhood I imagine you'll find a ton of 10 caps but you'll also run into vacancy problems as well as damages up the ying yang as you'll be dealing with extremely poor quality tenants.You can find a great deal that caps at 7% in a pretty good area and it would be a ton better than a 10% cap in a crappy area in the long haul.So don't limit yourself just to 10 caps.

I've heard great things about Michelle Yang as well.