Demarkus Fielder
New Member to Bigger Pockets discussion forum
Great afternoon from Houston Texas,my name is demarkus I am currently new to the Houston area. and I am very interested in real estate investing and aspire to build a profitable real estate portfolio. I have decided ...
Alton P.
The case for starting a business before getting into real estate
Too many RE gurus are telling people to overleverage themselves into the worst housing market (and potentially economy) in decades. Half of them are below 30 and have never seen a downmarket in their investing lives, ...
Account Closed
Thoughts on using cash or HELOC for down payment on investment property
Hi BP community - I'm an investor with 3 SFHs in the Nashville area looking to acquire my first small multifamily property (2-4 units).I'm trying to determine the best approach for the 25% downpayment, comparing using...
Nirmish Sharma
offsetting passive losses ( rental) with w2 active income
Hi, I have three rental properties in Houston (TX) and all three have passive losses. I have regular W2 job and thus active income. I file jointly with my wife. She does not have active income.what is best and easy wa...
Ellen A.
Tax benefits? Real Estate Professional Designation?
I now have 3 rental properties and 1 primary residence. 2 of the rental properties are doing great but the other 1 is turning into quite the money pit. We hope to spend a lot to fix it this year and maybe next year ...
Taylor Green
Best way to shield W2 income from rental properties?
Hi,
I was wondering what the best way to shield W-2 income from rental properties is? How much of a taxable loss could I create on a slightly positive cash flow property?
Also, does anybody have any exp...
Phil Shelton
Exploring Rental Loss Write-Offs for Qualified Real Estate Professionals with $150K+
Can a qualified real estate professional with a W-2 income above $150,000 be allowed to write off rental losses on my tax returns?
Keith Hoffman II
Tax Deduction for Rental Property Mortgage Interest
My accountant told me that b/c my income is over 150K, the interest paid on my rental property mortgages are not deductible. I would only be able to claim these ductions if my income falls below 150K or when I sell ...
Shawn Connors
Tax Question
Hey BP,
In 2015 I started my LLC and I also have a full time job. My question is this...
If I spent money on marketing for REI can I write that off on my taxes this year?
Demjan Van Der Kach
W2 taxes are killing me
Hey folks,
Would really appreciate some ideas from the forum CPA's, tax lawyers. My wife and myself are having full time jobs and work 50-70 hrs a week each that puts us in 35% pus federal tax brackets. I really like...