Charles P.
How to file taxes for sale of rental property...
Hello all, The Jist:Bought single family house in 2008 for $93k, rented it out til May 2016Renovated house for around $12k and sold for $145k in Nov 2016Previous tax returns say I have accum dep of $26kBefore I head o...
Curtis H.
Capital Gains Question
Hello all, Interesting scenario where I'm curious what the tax implications would be. Sister puts house in her name for a sibling, lives in it for the first 3 years, then moves out. Sibling continues to pay mortgage f...
Ryan Deasy
Designating yourself as a real estate professional
If you pass all of the qualifying tests and indicate at tax time that you’re a real estate professional, does that allow you to use all of your losses to offset gains?i know as a non-real estate professional you are l...
Kyle Smith
50/50 Partnerships for STRs
I’m considering going in with an investor on a new cabin. I would help manage the construction and also manage the cabin booking, etc. The other partner will own the cabin and take care of all financial obligations. ...
Carlos Ptriawan
Biggerpockets and AI
Hi Boss,I don't know whether you have think about it or no. But it's good if BP started to have its own AI LLM feature. I've used AI that uses Reditt for forum conservation and it's the best.BP has the most very insig...
Scott Trench
What’s Worse? Capital Call? Rescue Preferred Equity? Or Foreclosure
We are seeing more and more syndications and funds getting into trouble. And while years will have to pass before we can really understand the nuances of what leads to losses in each deal, and how to parse out what is...
Dan Griffin
Walk me through how taxes work
Hi,
Can one of you walk me through how taxes work on an investment property?
Let's assume the following. 50k property.
Income - PITI = $910 in cash flow for the year
Rental income - (Intere...
Ganesh Rao
Deductions
Any one have experience with deducting rental expenses against ordinary income (not just rental income). I know there are rules regarding active versus passive investing and there is a cap (MAGI) but if one is over th...
Noah Davis
Private Money Lender Question
Hello everyone.
I was introduced to the real estate investing/entrepreneurship lifestyle later in my education. I was already enrolled in my master's program when I learned about this whole other world and what succe...
Gina Tavizon
Investing thru REI companies
I know I need to verify tax information through a CPA or accountant but I wanted to ask here anyway. If you are investing as part of one of the real estate companies out there, like Open Door Capital, do you get the s...