Jacklyn Robins
Trouble renting units in Cincinnati
21 January 2025 | 27 replies
@Gregory Wilson can you be more clear about what you mean about a loss?
AJ Wong
Could Trump shock Short Term Rental markets with Tax Loop Hole for AirBnB Investors?
24 January 2025 | 6 replies
Part of those cuts included the short-term rental tax loophole, a strategy real estate investors can use to help mitigate their rental income tax by offsetting earned income with real estate losses, and could be renewed or extended.
Roger Flot
Updated Insurance for renovated property
21 January 2025 | 10 replies
The older the home the more difficult (and therefore expensive) it's likely to be to restore a home to pre-loss condition2.
Niklas Zhu
Cost segregation recapture on a teardown property
27 January 2025 | 2 replies
However, the depreciation claimed while the property was a rental must be accounted for upon the future sale of the personal residence, which could increase your capital gains tax liability.The adjusted basis of the property (original cost minus depreciation) will be used to calculate gains or losses at the time of sale.
Nate Marroquin
House Hacking, with other rental debt and low income
29 January 2025 | 7 replies
Nate @Nate Marroquin You can use the income from your tax returns on the current rental adding back your paper loss (depreciation) and add back the mortgage interest, property taxes, home owners insurance deductions on your tax returns.
Andrew Bosworth
Best current commercial lending options for small/mid-sized apartments?
27 January 2025 | 4 replies
Personal Financial Statement Borrower’s Schedule of Real Estate – or- Resume illustrating experience2-3yrs Personal & Property Tax Returns – All schedulesPrevious Year and YTD Property Profit & Loss statement w/ detailed expensesRent Roll w/ detailed lease informationCopies of all Leases3mo.
Bob Bowser
Overpaid on tax upset sale ? Just walk away ?
19 January 2025 | 2 replies
Putting that amount into it will only increase the loss.
Dan Green
1st Position Heloc for Rental
13 January 2025 | 4 replies
This property gives me significant income, so losing it would be an extreme loss.
Arron Paulino
Potential Garage ADU
6 January 2025 | 5 replies
This negative position can consume years of cash flow to recover.
Rereloluwa Fatunmbi
Seeking Advice to Improve STR Performance in East Downtown Houston
22 January 2025 | 22 replies
There are also other new construction homes on our street facing the same issue.So, I’m kind of stuck with this property, which is why I’m exploring ways to cut my losses and exit cleanly.