Hi there! I am interested in how rental losses work if income is over $150K and if not a real estate professional. First, I suppose that these losses can be carried forward but how are they eventually taken? Only i...
Real estate is one of the most tax-advantaged investment strategies out there.
Real estate pros buy property using leverage and bonus depreciate to perpetually defer taxes.
Making millions a year and often paying ...
Hello! My mom owns 5 rental properties. She is telling, me since her and my stepdad make over $150,000, she cannot utilize tax write offs until they sell the property. She is claiming that the write offs will be used...
This article:
http://www.googobits.com/articles/1349-taking-a-tax-deduction-for-home-mortgage-interest.html
says near the bottom of page 1 that you have to live in a vacation home 14 days of the year in order to deduc...
Hi,
I'm trying to get my repetitions up underwriting mock apartment scenarios. Looking for knowledge from the groups' experience. When thinking about vacancy, concessions, loss to lease, bad debt:
1) When initiall...
Hello all - this is a complicated situation (at least to me) and I would like some advice for any other experienced attorney's and real estate investors.I have a 21 Unit portfolio under contract, that is in pre-forecl...
Hey all, I am seeing mixed reviews on NREIG. Any feedback you all can provide? Their quote is quite competitive, particularly since I can set my coverage amount. My properties are valued a bit less than replacement ...
I have a tax question. My accountant of 12 years does not have any clients that flip houses, she has buy and hold but no flippers. Also her father was actually my accountant for 10 years and he passed, so she took ove...
Hi there! I’m a beginning investor and am trying to wrap my head around the tax benefits involved with real estate. My main question is regarding depreciation. My husband and I are high wage earners, so from what I...
Anyone familiar with the SHST (Safe Harbor for Small Taxpayers) - any insight here would be very much appreciated. Thank you!!1) I understand the safe harbor to be the lessor of $10k or 2% of the unadjusted basis of t...