Daniel Dowling
Have our Constitutional rights been violated?
Does anyone else feel like the U.S Government has violated our 3rd amendment Constitutional rights? The third amendment states "No Soldier shall, in time of peace be quartered in any house, without the consent of the ...
Mark Smolin
Rental property emergency fund strategy?
Hey BP friends,I’m curious to hear how other investors approach emergency funds/cash reserves for their properties.I’ve been keeping individual cash reserves per door, but as my portfolio grows I’m having a harder tim...
Timothy W.
Medicare Cancels coverage on a mother with cancer - 1 week before life saving operation
"If they don't allow her to have this transplant coming up right now next week, they're in effect signing her death warrant"
http://cbs4.com/health/Diana.Smith.Woman.2.1623788.html
I've been told this happens a lot ...
Ashish Acharya
Real life example of the real estate professional status
Recently, in the case Birdsong, doctor's wife demonstrated that she actively and extensively managed their rental properties and was therefore a “real estate professional”. RE professional is not limited by the passi...
Nick Furukawa
Forming My First LLC
I am looking to purchase my first investment property this summer in Indiana and I am currently looking into forming my LLC in the coming weeks so I can get my business bank account set up and start tracking tax deduc...
Jay Johnson
Transferring passive losses
I had several rental properties that had accumulated passive losses. I started a LLC with my wife (2010) but those previous losses were not carried over at the start of the LLC. My accountant at the time said they can...
Mark E
Pet deposit...
Hi guys gals.. my tenant wants to get a pet which I said was okay.. I was curious what is the common way of handling this situation in terms of how much I should charge for a deposit. I know it probably varies but its...
Carrie Brauninger
Tampa, FL beginner
Would you consider Tampa a good real estate investing area for someone out of state? What areas would people recommend? Seems like a growing city with lots of young people moving there.
Dave Holman
Depreciation for Syndication Sponsors?
I'm structuring a new syndication and two CPAs disagree. One thinks that General Partners can't take depreciation on their carried interest (until all Limited Partner capital accounts go negative), only on actual cash...
David Howarth
Deductions greater than Income
If my deductions are greater than the income generated from my property, how does that effect my tax liability?
Does it decrease the total amount of taxes owed? Or does my tax liability stay the same?