I sold my NJ rental property in 2017. I also had a passive loss for the rental property in 2017. With the sale of the rental my income was over 150k. I recognize that one can not take a passive loss if their income is...
Hi firends, Now, that I have done research on how not to get flagged , and created more than 5 accounts on craigslist. I need the (meat ) inside the ad posting.. I dont not have a website. I do have a phone number esp...
[HI guys,
I have found another great 2 family that is an estate sale. I have a chance to pick up the property at a great price. This is an all brick 2 fam. in the heart of where all my others reside. It's really pict...
Hi everyone, I was under the assumption that when you invest in real estate and you run your real estate through your estate that the capital gains tax dies with you and your heirs can sell the properties tax free upo...
Good idea or bad idea to wholesale HUD homes or REO’s?
I just finished last year's taxes and have a large passive loss (after depreciation) on my rentals. But being a passive investor with large W2 income, I cannot benefit from the tax loss (at least thats what my account...
If I have a TSP account and my plan is to use it for real estate, would it be smarter to use a traditional account vs a Roth account? The goal is to hold long term rentals, so if I’m transferring the value and not pla...
I’m trying to figure out how to do my taxes. I wholesale vacant land. Buy cheap. Try to sell within 60 days. Who should I be looking for to properly help me with Taxes? What kind of CPA? Could really use that help. Th...
My wife and brother-in-law recently inherited their parents house in IL. They are 50/50 beneficiaries of the Trust that the home transferred to upon their mother's passing.
BIL want's to move into the house, but do...
Other than the ARV and purchase price, what are some other numbers you take into account when evaluating a deal? Do you get this information from a realtor?