Rudy Duran
California Full time real estate professional losses limit
Federal taxes, you're allowed to deduct $25,000 of passive real estate losses against your active income eg w2 income that you actively participate. They phase out this deduction starting at 100k agi. However, if yo...
Ken Naim
Solar Power to offset Electric Bills
I'm purchasing a 3 story office building (37k sqft total) in the Orlando Fl area and my electric bill is $80k annually, with the monthly usage ranging between 48,000 kWh to 65,000 kWh. Has anyone found the ROI on inst...
Kenzie Davisson
Looking for tax accountant for real estate and crypto
Looking for recommendations for a CPA with real estate and cryptocurrency experience. Being local doesn’t matter - we have business across several states. Thanks.
Angela W.
Texas Statute of Limitations Related to Title of Real Property
Texas Statute of Limitations (SOL) Related to Title of Real Property
While not exhaustive, below is a list of liens and judgments along with the Texas Statute of Limitations that may be filed or found in the real pro...
William Morgan
$1MM in Tax Liens!
I've encountered a property owner who has a duplex with over $1 million in tax liens (state and county) placed on it. The liens originated from prior failed business venture. The property ARV is ~$500,000. I'm inter...
Robert McDowell
NY State Capital Gains
We are selling our primary residence in NY state (not NYC) and I'm a little confused on how capital gains will be handled at the state level.
Thy his has been our primary home since we purchased it 2.5 years ago. I'...
Steve Sherman
Getting rid of previous owners' IRS tax lien attached to my Title
I recently purchased a duplex at a St. Louis City Tax Sale. The preliminary title report showed that there is a Federal Tax Lien attached to the property, which doesn't automatically get wiped out through the Tax Deed...
Thuan Pham
Financing my LLC to purchase a rental
Hello All,I have an opportunity to buy a rental for my LLC, Is it possible to loan my LLC my personal funding at a lower rate than what is the bank giving right now?Thanks for sharing your thoughts
Julio Gonzalez
Historic Tax Credits
Understanding and taking advantage of the variety of tax credits boosts the return on your property and allows you to be part of the move to conserve our nation’s historic treasures.
When rehabilitating or investing ...
Jack B.
Does escrow withhold capital gains tax?
Or do you just pay it when you file your taxes? I know for state excise tax escrow pays the state out of the proceeds. What about federal capital gains taxes?