I'm looking into qualifying as a real estate professional, as I currently don't have a w2 job. I would like to purchase a property, manage it and use losses to offset my spouse's high w2 income. I have the basic conce...
Hi. One reason I am exploring investing in real estate rentals out of state (I’m in CA) is to offset realtor commissions. Please correct me if I am wrong, but it’s my understanding paper loses from a rental can reduc...
Hi guys,
Isn't there a specific forum for real estate tax and tax saving ideas?
I haven't been on the forums for a long time but I thought that there forums specific to taxes.
Thanks for the input
Does IRS publish the various codes (maybe a book or a pdf document) that I can read up ? I am interested in knowing more about Tax saving techniques via RE investing.
In determining whether a deal is a good deal or not, what matters most CAP RATE over ROI or ROI over CAP RATE?
I currenntly have 5 properties and am needing to cut down on tax liabilities for this year. I have never done a cost seg for any properties up to this point and understand the fundamentals of the process. However, I w...
Hi, I am looking for STR rental analysis. Recently, I came across BNBCalc. Anyone has used it and can comment on the accuracy of the tool?Thanks!
So I am just starting out here and in the process of educating myself. I think the BRRR method is great; but, I don't have the resources set up to execute this strategy (yet). I also make decent money and really nee...
Hello! We currently have three houses that we are in the process of flipping. I was wondering if I should file the form to make my LLC be taxed as an S-Corp? I see varying answers to this question. My main goal is to ...