Roman M.
Financing income question
Hello BP community, I recently sold my personal property and was able to gain a profit of about 53k which I am planning to use as a down payment for my first rental property. I work as an independent contractor and ha...
Caleb Chandler
Section 179
Good day,First, we already have our accountant researching this, and with the window closing, we were hoping to tap into the tremendous knowledge on this board.We are working on a project in which a developer is closi...
Yi Chu
Roth IRA vs. Cash: Tax Benefits & Depreciation on Multifamily Investments
If I invest a multifamily through a Roth IRA, will I still receive the same tax benefits as I would with personal cash when I file my tax return? Will I lose depreciation deductions if I use Roth IRA fund?
Heidi Ann Faller
Negative AGI from rental properties - how to carryforward and use
In 2021 I had overall negative AGI on my personal return due to losses on rental properties. I had no tax liability in 2022 and now here in 2023 I do. How/ where do I utilize that prior loss? Is it an NOL on Schedule ...
Rich Hupper
Tax deductions and Loan Qualification
Hi EveryoneI am trying to maximize self employed tax deductions while only deducting expenses that can be later be rolled back into my income by lenders. I know it is a balancing act for self employed people. So far I...
Michael Plaks
Lenders v. CPAs war: automobile depreciation
How you write off your auto expenses does matter for taxes. It also does matter for loan underwriting. Notoriously, lenders and CPAs do not understand each others' rules and are often locked in needless conflicts. Fre...
Matt Tager
understanding taxe benefits thank you!
I need help understanding real estate taxe benefits
Here is an example
purchase price 550k
down payment 55k (owner occupied) 10%
interest rate: 3%
amortization: 25years
monthly payment - 2415.19
1250$ a month t...
Dave Craig
LLC Expenses vs. Standard Deduction
I know this is a very basic question, but I've read quite bit about real estate investing and taxes at this point and haven't seen it clearly stated. Since the LLC is a passthrough entity, do the business expenses (pl...
Jeff Spacek
Tax Laws and Changes
Hello Happy Thursday!Does anyone understand what these new tax laws mean when it comes to real estate?Does this mean everyone who owns a corporate entity will pay less in taxes across the country?Final question, does ...
David V.
Cash out refinance - Interest deductibility
Quick question here. If I do a cash-out refinance and use the extra funds above those used to pay off the original mortgage to purchase a new investment property is interest on the entire new loan deductible? For ex...