Amol Kulkarni
Property Management, Passive Activity Loss Limitation and Depreciation
Hi all,I've been reading about the Passive Activity rules that prevent passive losses (eg Depreciation) from being offset against ordinary income. Unless of course, the taxpayer shows material involvement and claims t...
Mike Henderson
Hello from Denver, CO and PS What is up with CO
I'm just introducing myself to this board. I want to lay down a challenge and go from shortest time span of introduction to closing their first deal.
I've lived in Denver for thirteen years, I am originally from S...
Account Closed
Tax question after sale of syndication
When a real estate syndication is sold and you still have loss carryover from initial year 1 depreciation (cost segregation), can you use it to offset ordinary income on the year of the sale? And how? (assuming not r...
Tayo Ogunnaike
Do you stage your own properties or hire professionals?
Hey All, I flip home in the Los Angeles market and home staging has proven to be extremely effective and of course, extremely costly. The homes I flip tend to be mid high to high end homes and require at minimum that ...
Bubba McCants
family selling property left in a Will
I had a question from a customer today and would love to know best practices on how to handle.His Mother owns a home and has a Will naming her son as the beneficiary, is there anything else that should be done? Would...
Peter White
Best online school for Georgia real estate
Greetings,In your professional opinion, what is the best accredited, online school to take take for real estate courses before taking the state exam? I am referring to depth of information, usability of site and custo...
Patrick S McCarthy
S Corp Training Expense
Hello Resident Tax Gurus! I just started an S Corp and I'm the only employee. I am interested in taking a training course. Do I pay for this course directly from my S Corp account OR do I pay for it myself and expen...
Phil DuChamp
Lawyer to form LLC...
Can someone recommend a lawyer to help form an LLC?My last recommendation is on an average of 8 days to respond to my emails and another that I reached out to has yet to reach back yet...
Kalimah Jenkins
NEWBIE WITH LUXURY QUESTION
Does anyone know a realtor/investor/wholesaler that deals in the luxury market in Atlanta? I have a colleague who is interested in selling her luxury home. She wants to put it on the market in mid-November. I would...
Harjot Gill
Buying from Auctions
I was wondering what everybody's thoughts are about buying real estate (SFH) from auctions. Does anyone have any experience with buying from auctions? How did it work out? Any problems with tenant evictions, especiall...