Can someone explain the tax benefits of real estate? I know what the 1031 exchange is, but don’t know the concept of depreciation and how that is a benefit to real estate investors. Any other tax benefits that you g...
Hello, I am currently a 19-year-old college student and I am looking to buy my first investment property by the end of this year. I have been trying to learn as much as possible from reading books and listening to the...
LeverageThis is one of my favorite benefits of real estate!Let's think about leverage.With real estate, if we want to go purchase an asset, we can find a bank to potentially lend 60% - 80%, while we cover the differen...
Hey y’all, I’ve decided to begin studying the same material someone going for their RE license would and I’ll probably take the real estate agent exam as well.Primary reason I chose to do this was to get a more theore...
There are a few ways that a language model like GPT (Generative Pre-trained Transformer) could potentially benefit a real estate business:1. Content creation: GPT could be used to generate descriptions of properties f...
Hi all,
A big advantage of real estate is that it can be a large tax writeoff. The "depeciation" and mortgage writeoffs can save quite a bit.
I plan on living abroad so US real estate won't be an option for me for ...
Achieving Real Estate Professional Status (REPS) can allow investors to deduct rental real estate losses against other income, potentially providing substantial tax savings.Key Points:
Qualification Criteria: REPS re...
Can unused passive losses carried forward from prior tax years be used against active income in the current tax year, if the taxpayer has qualified per IRS rules to become a "Real Estate Professional" in the current t...
Hey everyone- do I saw a post earlier this week asking about any negative aspects to getting one’s RE license. One that stood out was the liability component. For example, being a licensed RE broker, you have to alway...
Now this is technically a legal question but I'm sure investors would know. How does the tax benefits work on real estate? For example , say I net $8,000 from a wholesale deal, do I put that 8 grand into an account an...