Ray Slack
Advantages of being a "real estate Professional" for tax purposes Vs disadvantages
28 June 2023 | 11 replies
It seems the only benifit is to be able to deduct passive rental losses from ordinary income..
Paul Wolfson
Branson Market: Vacation rental numbers don't pencil out
20 April 2023 | 30 replies
You traditionally want 10% set aside for ordinary maintenance (broken doorknob, repair the washing machine, etc.) which is closer to $200 a month but he only accounts for $125.4.
Colton Joseph
Capital gains tax scenario
19 April 2016 | 8 replies
On the case above, likely considered developing/inventory....no long term investment intent, so ordinary income tax plus. self employment taxes, not cap gains.
Tricia O'Brien
Depreciation - paying back after sale of a rental?
25 August 2017 | 3 replies
The tax rate for the unrecaptured depreciation is your ordinary tax rate, but currently capped at (I believe) 25%.
Craig P.
Probate - Short Sale
14 July 2016 | 2 replies
If it's not a RM, ordinary short procedures apply.
Eddie Ziv
Appreciation VS. Cash flow - The clash of the titans....
15 June 2010 | 341 replies
I have an investor friend in CA who is buying patio homes for $55,000 and renting them for $1,250 a month.
Ryan Dossey
Tips for checking out a derelict property?
8 November 2014 | 13 replies
What should I look for out of the ordinary?
Levi Dobson
South Seattle STR
28 January 2023 | 14 replies
I would not allow access to the rest of the house as, but would allow access to backyard area w/ patio/fire pit/hot tub.
Oren K.
Agent Behaviour Question
31 July 2013 | 7 replies
Oren, your procedures and ordinary customs are different there (LOI's, sign-backs, etc) so we may be a little off.
Amy Gullotta
Looking to reduce tax burden for 401k withdrawal for investing
23 January 2018 | 3 replies
Here a few obstacles I have:1) My first year paying out taxes on my ordinary income, let alone for the 401k withdrawal.