Hi everyone:
I visited Mammoth Lakes last week and viewed a couple of condos. The realtor I worked with, though, is not particularly communicative, and I think I will have to tell her that I am going to find another ...
Hi,Complete newbie here. I am considering selling my primary residence. I will have a very large loss if I sell (on the order of 30% below purchase price), once you consider the purchase price from 2006 (ouch!), m...
So I understand the concept of depreciation - appreciating asset that degrades (“depreciates”) over 27.5 years so you get to take a loss on taxes. My question is: how is that depreciation number determined, specifical...
Hello everyone,Outside of my current investment-team in PHX & DAL, I have suddenly come-across an opportunity to find & oversee flip/hold deals in a separate city that I reside in for part of the year. Becaus...
Though forcing short terms negative cash flow seems misguided, it seems to me like a level-minded long term strategy if you have enough capital to buffer your monthly losses. Please chime in if there's an angle I'm...
Your house isn’t just your haven—it can be a financial asset too. Here are 10 tax tips every homeowner should know:1️⃣ Mortgage Interest Deduction: Deduct interest on loans up to $750K!2️⃣ Property Tax Deduction: Clai...
Hey everyone, I'm tracking a vacant property owned by a bank out of Oklahoma. How would you suggest getting in contact with their asset manager?
Hoping to get some insight from anyone that has experience handling carry-forward loss. I have a property with several hundred thousand in carry-forward loss. I don't plan on selling the property. I am wondering if I ...
Doing some light research on accelerated depreciation of rental R.E.
Does anyone use these techniques? Are they sound from an IRS standpoint. Also, can someone describe the person this technique would work the best f...
I know that with flipping properties, the profit generated is taxed as ordinary income. And it can significantly increase one's marginal tax rate.Other than the basics of running a business (operating as a pass-throug...