Paul Lavallee
New member Paul from Rhode Island, NE investor/lender
We are investors and private lenders from Rhode Island. We buy wholesale deals and do private lending on secured flips locally for professionally prepared deals with all the i's dotted and t's crossed. We also purcha...
Richard Phan
Self employed 1.5 years...cant get conventional financing?
I am beginner investor looking to get my first rental under my belt. I spoke to a lender today about getting a conventional loan since I am looking to purchase a rental property out of state. I was told I would need 2...
Theresa McGallicher
Short Term Rental Tax Question - Schedule C versus Schedule E
I have researched this topic extensively on Bigger Pockets and elsewhere and I am still struggling to understand the tax code.
I have a STR property that went into service in Jan 2022. I met the Material Participati...
Ken Latchers
Tax reporting: abb, vrbo, flipkey
I have used booking.com previously, but now also Airbnb and soon including VRBO and FlipKey.
what is the simplest way to find the total income, total fees, total commissions, etcetera to prep the tax schedules/form...
Sun Chen
rental property cash out
if the rental property is no debt, and get a cash out refinance, the interest I paid on the cash out refinance, is it tax deductible on this property ? CPA said the cash out is tax deductible if the cash I get is use...
David Y M.
Tax Schedule E Questions for Active Participation Loss
Current Situation - Trying to tax plan for 2020 tax year- househacking with SO and 3 other roommates, and planning to claim active participation and claim a deductible passive loss- Deductible expenses are based off f...
Adrian M
Tax Returns for Real Estate Investing (Schedule C vs. Schedule E)
I have been investing for several years. Initially, I met with a Tax Consultant to ask how to categorize Misc Expenses. Expenses that cannot be tied to a particular property. He advised that I either not report the...
James H.
Whiteboard Videos Flip vs BRRRR vs STR
I watched Netflix "Buy My House" yesterday. (I could only handle 20 minutes of the emotional pull they were going for vs business realities of REI). It got me wondering if there are some good videos of people doing ...
David Y M.
House Hacking Allowable Tax Deductions PSA
I went down a rabbit hole after putting up a post about tax deductions for a SFH, and I realized that many of us have the wrong idea about house hacking and allowable deductions. This is simply a PSA on the misinforma...
Jagan Reddy
Cost segregation and schedule E taxes
The cost segregation allows for accelerated depreciation creating pretty big losses on first year of acquisition and there after also.But schedule E doesn’t allow posting those losses to personal taxes 1040. losses st...