I got dumped on. started out wrong! l live in michigan, let me say that I let someone talk me into buying some house that needed fixing that they were suppose to fix but never did. I ended up fixing them myself but ...
FINALLY!! For those of you that remember me, it's been quite some time ago that I posted on Investor Deal Diaries on the projects we had going in Orange County, CA (San Clemente, and Capo Beach - Dana Point) For those...
Can I use depreciation deductions from a rental property to offset income from my day-to-day job?
If you were to prioritize the following list from most important to least in any given time period:
Mortgage ratesCount of Properties for SaleAverage Property Sale PriceAverage Property List PriceAverage Sale to List...
My LLC is registered with the state, the finances are set and we are looking for our first property. We must first however get our Operating Agreement set. We have actually agreed on everything thus far. There is o...
So I started a investment company for real estate. The strategy of the company is to mainly do BRRRR deals. Along the way I have come across a lot of deals that would be great fix and flips but was wondering how the...
To be considered a real estate professional, you have to work a minumum of 750 hours a year and those hours have to be more then any other job you have. How exactly do you log hours? I was told there is a list compris...
Hello,My LLC owns 2 apartment buildings (60 units and 35 units) that are going to experience a relatively significant loss this year after depreciation and expenses. I am a "high income earner" because of my income fr...
If you pass all of the qualifying tests and indicate at tax time that you’re a real estate professional, does that allow you to use all of your losses to offset gains?i know as a non-real estate professional you are l...
I would like to know the tax benefits of the RE Professional . Me and my husband both work full time. We are upto 19 units and flipped 2 houses so far. We do have property management in place for our 12 -plex and 4-pl...