Vikas Kumar
Student Housing - Rochester, NY
I'm new to REI and currently exploring Rochester Student Housing. I live in Buffalo region and as i have been priced out of good areas in N.Buffalo, i'm exploring Rochester.I have a prospective property in S Plymouth ...
Johnoson Crutchfield
How Tax Returns Affect Real Estate Investor Bank Financing
I don’t see a clear answer to this on the forums. I keep having bankers say “be careful with reporting losses on your taxes because it could make you unbankable.” What does this mean? How do you make sure that you ...
Donald F.
Can multiple partners use depreciation to offset active income?
If my brother and I hypothetically invested in an income producing property together, would only one of us be able to claim material participation in order to allow us to use bonus depreciation to offset our active in...
Bob Malecki
Report Concludes Dodd-Frank Has Adversely Affected Main Street
Well, duh! I love the "too small to succeed" comment in this article: http://www.dsnews.com/news/01-11-2016/new-reports-conclude-dodd-frank-has-adversely-affected-main-streetThe Dallas Fed report concluded that many c...
Account Closed
Cosigner Question
Hello everyone. Question regarding a cosigner. Do landlords run the background check against the cosigner instead of the actual people who are living there? Will the cosigner be signing the lease or will I need to ...
Lance Lvovsky
Check if your ITIN is expiring!
Just a heads up to those of you who have ITINs with middle digits of 73, 74, 75, 76, 77, 81, or 82. Your ITIN may be expiring and you should begin the renewal process now if you will have a filing requirement next yea...
Karl Carpenter
Problem with Printing Report
I analyzed my fix/flip property, but when I print out my report, it doesn't show the itemized summary of my repairs (shows the correct total, but doesn't show the individual items), and doesn't show the picture of the...
Account Closed
Rental Income Tax Tutorial
I'm new to real estate investing and would like rent out my condo in 2018. Can anyone point me towards resources that explain how rental income should be reported on your tax forms?
Ross Roz
How to report taxes when Flipping homes under a business entity
I have an LLC partnership with a total of 3 members that was open so we could flip some houses. We bought 2 properties under the business name, paid cash for them in 2016 have not sold any yet, We have spent money to ...
Yoni Meth
1099s for handyman work
Hi,
I'm searching for a Handyman, and when I sent a message to a handyman saying I'm a real estate investor looking for a handyman he replied "I don't do commercial work... i.e. no 1099s".
Can anyone explain more ab...