Petra M.
HUGE? Now deduct unlimited real estate losses
29 March 2020 | 1 reply
“Previously, if a married couple had depreciation deductions that exceeded their real estate business income, the couple could claim that "loss" to write off taxes on a maximum of $500,000 in income from other sources, like wages from a day job.Under the change, our rich taxpayer couple -- and this applies only for individuals, not corporations -- can now deduct an unlimited amount of "excess losses" in real estate against income from other sources.
Gregory Robinson
Get connected with a Broker In CT?
30 March 2020 | 2 replies
I'm mainly using my license for referrals, and for my own investments, be interested to connect to like minded individuals.
Chris Levarek
Covid19 - The Spark that started the Convenience Revolution?
31 March 2020 | 7 replies
I don't think this will be overnight, and I think it was probably going to happen anyway as millennials take leadership roles in organizations, but the COVID-19 related restrictions may have accelerated that a bit.
Sarkis Boyadzhyan
Can anyone explain the concept of BRRRR?
29 March 2020 | 2 replies
The trick is to find a cheap property that needs rehab and having another individual/entity pay the total costs initially.
Sean Dezoysa
Invest nonlocally in Upstate New York, or elsewhere?
1 April 2020 | 9 replies
I recommend setting up keyword alerts for each area as they are discussed in the forums daily with advertisements posted in the BiggerPockets marketplace hourly.One thing to note when looking at the individual markets, you can make or lose money in any market.
Jaleh Afrooze
CARES Act- Real Estate Depreciation Loss Carryback
12 April 2020 | 5 replies
Previously, if a married couple had depreciation deductions that exceeded their real estate business income, the couple could claim that "loss" to write off taxes on a maximum of $500,000 in income from other sources, like wages from a day job.Under the change, our rich taxpayer couple -- and this applies only for individuals, not corporations -- can now deduct an unlimited amount of "excess losses" in real estate against income from other sources.
Lance Lvovsky
Tax Summary of Coronavirus Relief (CARES ACT)
10 April 2020 | 7 replies
The law provides many benefits intended to deliver cash into the hands of individuals and businesses, as well as many other tax provisions.Below is a summary of the various tax provisions provided under the law.
Catherine Peters
Anybody have experience investing in Lubbock, Tx?
11 October 2021 | 13 replies
I have spoken to a few of you individually, and just wanted to give a shout out to everyone who has contributed to this thread.
Vipul Vaghela
New Investor from Chicagoland
3 April 2020 | 10 replies
Any recommendations on realtors and other individuals that know the Milwaukee market is greatly appreciated.