Avi Garg
Few questions regarding an established SDIRA at Equity Trust
I have a leveraged property in my SDIRA (at equity trust), a note and some cash. My questions are:1. For Equity trust, I need to send a deposit coupon every month with the rental check. Is there any way around it? I a...
Pat Jackson
Backing out of HUD deal after 15 days
In short I put a house under contract with HUD, went past my 15 day inspection period, and want to back out before the 30 day closing. The house doesn't have a meter, and the utility company still hasn't installed on...
Angelo Llamas
Tax breaks for a rental breaking even
I’m a little confused on what happens when your rental breaks even and you do tax breaks or write offs for maintenance , travel, etc. Does nothing happen or you don’t get anything since the property is not generating ...
Matt Kvalheim
Can R/E Losses on a property be used to offset Profits from another property?
Hi,I’m having a tax discussion with my accountant, and I just want to double check that he’s got it right, so I thought I would reach out to the BP community!If I own 3 SFHs as rentals and two of them produce profits ...
Oscar Jara
New to investing in Los Angeles
I have just started a new career with a good outlook, Living in Los Angeles the market is super expensive especially at the moment I Don't have a rich family and have just started saving, I have recently also started ...
Brian Sohmers
Tax question about using QBI - Do I need use aggregated business?
I own many SFH rentals and when preparing my 2020 taxes, learned about the 20% qualified business income (QBI) deduction. Yay! I think I need to use the aggregated business safe harbor in order to meet all requirement...
Andrew Giunta
How much do some expenses matter if you can write them off?
I could be wrong because the US tax code is very confusing, but how much do certain expenses like property tax, or property management fees matter if you can write them off? Im not sure if there is some sort of cap, b...
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 ...
Cole Black
Starting out in Real Estate
Hello everyone at bigger pockets,I am a business owner from Ontario looking to invest in some assets that will generate some good cash flow. I am only 19 and am wondering where to start. I was planning on incorporati...
Jason D.
Generating cash flow from industrial storage
I’ve been reading a book on futures and derivatives. As I was reading about futures they used examples of things you might write a contract on such as bushels of corn, etc. Right now oil markets are so flush with supp...