Howie W.
Explain passive losses and future rental income
Over the years, I was able to buy two properties in different states (Florida and Virginia) that I converted to rentals (the beauty of being in the military and VA loans).
Once I retired from the military, my inco...
Eric Nelson
REI deductions with fulltime job pay
I just bought a triplex in Bemidji MN. I work full time, my wife and I file jointly around $110k income.The house cost $168,500. If I have a negative cashflow on paper or IRL this year, will I decrease my taxable in...
Aaron Natalie
Cost Segragation Study
Looking to get a Cost Segregation Study done on our property we bought this year. Looking to get it done this year for tax purposes. Any recommendations for the KC area? It is in Bonner Springs, KS.
Joe Donlevy
Property Tax Calculation in Oakland co
I am looking at buying a sfh rental in Oakland County and trying to calculate the proforma property taxea as an investor. If I use the calculator on the state website https://treas-secure.state.mi....If the ourchase p...
Peter W.
Tax Implications; Cash Flow or Amortization
I've never invested in investment rental properties and I have a question. I am buying a small multifamily unit for $1.535mm and will put down 30% and borrow 70%.If I finance purchase with a 15yr fixed my monthly pay...
Char Bacheh
taking money from an s-corp to an disregarded entity llc
i made around 8k on my s-corp and i took that money out and put it into my llc how would i have to report it?
Branson Berger
First time home buyer
I’m buying my first property using a VA loan. It’ll be a duplex. It will be my primary residence. My sister is going to live in the second unit and pay me rent. Is there a way to receive rental payments from her with...
Lucas Amuchastegui
how does "pass through" income work in a partnership LLC?
Hey BP,
These will likely be silly questions but I'm a noobie having a little trouble finding answers online. we plan on hiring a CPA, but I'd love to understand some of the basics. My brother and I are 50-50 owners ...
Celia Moore
Danger lurks in Biden plan to Cap Like-Kind 1031 Exchange
What do you all think about this cap and the statistics below? President Biden’s “Build Back Better” tax proposals could be devastating to anyone owning Real Estate... The three issues I have been following most close...
Max James
Sanity Check Help - and Feedback On My 1st Deal
Hi!I'm looking for someone to run these numbers through their Excel tool (or whatever you may use for evaluating a property) to see if they line up with the numbers I am calculating. Please let me know what questions...