What is meant by “passive activity loss” for a real estate professional? I am currently 37% tax bracket and all passive activity losses are void for me (IRS form 8582).However, it states that “unless the taxpayer is a...
Hello everybody, Is there any income tax preparers in the Lexington, SC area that is investor friendly/knowledgeable that you would recommend?Thanks,Jewel
I have been a real estate investor since 1999 and am VERY well aware of the upside and downside. I'm changing my game plan now from passive RE income to online passive income.I have ABSOLUTELY no programming, design o...
Hi, I am planning my first real investment in a townhome in bellevue area. My whole intention is to have some fixed income via Rent. Is there any compiled list of pros/cons of this investment option?Thanks,Vipin
Hello everyone,
My name is Bart I was recommended to look into bigger pockets by RE investor Graham Stephan. I am a 28 year old nursing student currently in the Boise area. I'm looking to invest a recently inherited ...
Hello All,
My name is Alex, I'm 18, and I'm in a huge dilemma and I figured I'd ask the community what to do.
My whole time through High School I was taking business courses, from accounting to international busine...
Wanted to discuss the investment strategy of a long time successful RE investor. He's a BP member and I've enjoyed reading about him. He lays out a very simple investment strategy that, on paper and over the long term...
Is it worth to take deductions if it does not change your tax liability?
Let's say my only income is 8000 for a home for the year. I get my standard deduction and end up not owing any taxes.
Is it over kill if I k...
Hello, I have multiple assets and am a small business owner, so my taxable income and real income are very divergent bc there is alot of cash in my business. Anyways I wanted to get a mortgage for a rental property bu...
I'm in a bit of a unique situation here, but maybe not so unique as I'd imagine many investors are in something similar right now with recent appreciation, inflation, etc. Situation: I currently own one rental propert...