Llewelyn A.
Losing the Business Interest Expense Deduction and the 1031 xchg
I'm curious to know how we, as Real Estate Investors, think about the proposed Republican Tax Reform that is currently being proposed.There are two very significant changes which will affect ALL businesses, but ESPECI...
Mike H.
Quick question about DIY tax returns
I have never done my own tax return. Well not since I had a w2 only myself. We own 3 rents properties. State and local nyc taxes. Our accountant wants 1k to do our tax return. My wife thinks we can DIY using turbo tax...
Reece Teramoto
Deducting business-like expenses for REI while having a W-2 job?
Summary: For those with a W-2 job but that own 1 or 2 rental properties, are there any expenses that you declare that aren't to one specific property, but are meant to support / grow your real estate investing in gene...
Edwin Gutierrez
Pros and Cons of being a licensed RE agent and investing
I like to know if it's beneficial or not to be a licensed real estate agent and at the same time be a real estate investor? Can it affect your purchasing power in anyway or is it considered unethical or illegal in t...
Jason Xue
Business Meals on Travel
I am planning to visit my rental property (out of state) and meet with my team (agent, property manager, etc). I know that the mileage (I'm driving) is fully deductible, but are all meals also deductible? or only the ...
Russell Roberts
Tax effect of personal residence cash out loan used for investing
I did a cash out refinance on my primary residence in 2017. I did Not use the loan proceeds to buy, build, or substantially improve my primary residence. Instead, I used it to fund other real estate investments. So...
Jarrod B.
Trump's Tax Policy and Purchase Timing
I wanted to get everyone's thoughts on the potential threats of a Trump presidency when it comes to the real estate market. I have seen other forums mention how he may end mortgage interest write offs as well as the p...
Josh Bowser
Kennesaw House Hack!
Investment Info:
Townhouse buy & hold investment.
Purchase price: $299,960
Cash invested: $45,500
House hack in a 3/3.5 Townhome
Househack numbers for FY 2022:
Collected a total of $13,700 in re...
Johann Jells
What is a reasonable cost for a CPA?
My wife hates our CPA. We don't get much advice, he's disorganized, and the last straw was him sending out a group email to 200+ clients exposing everyone's contacts! That's like a 1998 internet mistake. I would never...
N/A N/A
Pay off the house or save for retirement?
If you have a personal homeloan (ignoring IP's for now) are you pumping every spare dollar into reducing that debt, or are you putting some of it into other investments (e.g. managed funds etc) as retrement savings?
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